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Wolf Theiss and Cobalt Advise on ACP Credit EUR 10 Million Loan to Mogo IFN

Wolf Theiss and Cobalt Advise on ACP Credit EUR 10 Million Loan to Mogo IFN

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Wolf Theiss and Cobalt have advised Accession Capital Partners Credit on a EUR 10 million credit facility granted to Mogo IFN.

ACP Credit is a group of investment funds based in Luxembourg.

Mogo IFN is a subsidiary of the Eleving Group, a Latvian-based non-bank lender. In Romania, Mogo offers car purchase financing plans with effective annual interest rates starting at 55%.

According to Wolf Theiss, the credit facility will serve to finance Eleving Group's expansion in Romania. "The transaction also involved coordination with the Eleving Group's Latvian-based office with regard to the guarantees offered by the group Mogo IFN is a part of."

The Wolf Theiss team included Partner Claudia Chiper, Senior Associate Smaranda Vacaru, and Associate Ana Florea.

The Cobalt team included Specialist Counsel Andrejs Lielkalns and Senior Associate Inga Tenisa.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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