Ijdelea & Associates Advises Splend Group on EUR 25 mil. Financing

Ijdelea & Associates has assistedSplend Group Ptyon the Romanian law aspects related to a project financing transaction with a value in excess of EUR 25 million contracted with a San Francisco based specialty-lending firm serving emerging growth technology and life sciences companies.

Splend Group is a global leader in providing cars to on-demand drivers, offering training, data analytics and car rentals for ride-hailing drivers on either a rent-to-buy or for-lease basis. The company founded in Sydney has expanded over the years across Australia and Europe, its entrance on the Romanian market being made in 2017.

The Ijdelea & Associates team handling the mandate was led by Managing Partner Oana Ijdelea and included Managing Associate Siranus Hahamian and Associate Lorena Vasvari.

Ijdelea & Associates work with a deep understanding of their clients’ industries, and they invariably factor in a commercial approach. This combination enables them to help their clients structure their projects and transactions most advantageously, mindful of time demands and with a view towards meeting their legal and business objectives.