Bucharest, 8 July 2026 – Wolf Theiss has advised Revetas Capital together with funds and accounts managed by Cerberus Capital Management, L.P. (“Cerberus”) on securing a EUR 123.2 million senior credit facility to refinance their investment in the Radisson Blu Hotel Complex, a landmark hospitality destination in central Bucharest. Deutsche Pfandbriefbank AG (“pbb”) acted as the financing arranger and sole lender under the facility. The transaction closed on 30 June 2026.
The Wolf Theiss Banking & Finance team, led by Partner Claudia Chiper together with Senior Associates Alexandru Asaftei and Smaranda Văcaru, advised the sponsors on all aspects of the refinancing, including the negotiation and execution of the long-term facility agreement and related finance documentation.
The transaction was further supported by a multidisciplinary Wolf Theiss team in connection with the legal due diligence process. The team was coordinated by Partner Ileana Glodeanu and Counsel George Ghitu (both Corporate/M&A), with support from Partner Roxana Roman and Counsel Dana Toma (both Real Estate), Senior Associate Vladimir Plugărescu (Regulatory & Compliance), Counsel Andreea Stan (Employment), Counsel Flavius Florea (IP, TMT & Data Protection), Counsel Cezara Constantinescu (Litigation) and Associates Andrei Costea and Vlad Catană (both Corporate/M&A).
“We would like to thank Claudia and her team for their contribution to the successful completion of this financing. We greatly appreciated their professionalism, diligence and commitment throughout every aspect of the transaction.” – Vlad Dragoescu, Partner – CEE Head of Portfolio Management | Portfolio Management, Revetas Capital
“We are delighted to have supported our long-term clients Revetas Capital and Cerberus Capital Management in structuring a seamless refinancing solution for the Radisson Blu Hotel, one of Bucharest’s most iconic hospitality landmarks. This transaction builds on our 2017 engagement advising the same sponsors on the original acquisition financing and further strengthens our track record in the
hospitality sector.” – Claudia Chiper, Partner, Banking & Finance, Wolf Theiss
About Wolf Theiss
Founded in 1957, Wolf Theiss is one of the leading law firms in Central, Eastern and South-Eastern Europe (CEE/SEE). We have built our reputation on unrivalled local knowledge which is supported by strong international capabilities. With 400+ lawyers in 13 countries and a central European hub in Brussels, over 80% of the firm’s work involves cross-border representation of international clients.
Austria, Albania, Bosnia and Herzegovina, Brussels, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.
For further information please contact:
Adina Deaconu Wolf Theiss Attorneys-at-Law 4 Vasile Alecsandri Street The Landmark, Building A, District 1, 010639 Bucharest, Romania T +40 21 308 81 00 E adina.deaconu@wolftheiss.com W wolftheiss.com