The European Bank for Reconstruction and Development (EBRD) has participated in the initial public offering (IPO) of ElectroAlfa International SA (EAI), a leading Romanian provider of advanced electrical engineering solutions for critical infrastructure. The bank subscribed EUR 16.4 million in newly issued shares, representing a 5% stake in the company.
According to an EBRD press statement, EAI's IPO raised a total of EUR 114.7 million and offered 35% of the company's share capital to the market.
The proceeds of the offering will support EAI's next phase of growth, including capital expenditure and acquisition opportunities aimed at expanding its technological capabilities and operational scale.
" Our equity investment in Electro-Alfa reflects the EBRD's strong commitment to deepening Romania's capital markets and supporting high-quality local champions," says EBRD Global Head of Manufacturing and Services Frederic Lucenet.
EBRD will continue to work closely with EAI and market partners to foster private sector development and deepen investor confidence in Romania's capital market potential.
This transaction is said to reinforce the EBRD's longstanding commitment to Romania and its ambition to support high growth companies that contribute to the modernisation of national infrastructure and the resilience of key industries. To date, the EBRD has invested almost EUR 12.4 billion in 588 projects in Romania.
Electro-Alfa International is one of the top three manufacturers of electrical equipment in Romania, with an estimated market share of 32.49% in 2024. It has over 34 years of experience in developing solutions for energy and industrial infrastructure.
The company operates an integrated "one-stop-shop" model, from design and production to installation, commissioning and maintenance, covering the entire value chain in the field of low and medium voltage electrical equipment, as well as in complex EPC (engineering, procurement and construction) projects.
It has four modern production facilities in Botosani, covering over 25,000 sqm, and it has developed a solid portfolio of projects in energy, infrastructure and industry, including under international partnerships.
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