NNDKP assisted PetStar in the acquisition by the founders of sole control over companies in the group and in a new financing transaction
NNDKP assisted PetStar group, the largest PET preform producer in Romania and the Balkan area by production volume and format variety, operating under the “Bottle-to-Bottle” circular model, in the transactions involving, on the one hand, re-acquiring sole control of the two packaging manufacturing companies within the group, and obtaining a new EUR 50 million financing, on the other hand.
The first transaction focused on the acquisition by Mirela Drăgoi and Ion Drăgoi of sole control of Pet Star Holding S.A. and Pet Star Recycling S.R.L. by acquiring the investment fund’s AMC Capital IV Preform S.A.R.L. (AMC) 33.07% share in Pet Star Holding S.A. This transaction marks the investment fund’s exit from the two PetStar companies and the start of a new chapter in PetStar’s development. NNDKP previously assisted PetStar and Mirela Drăgoi and Ion Drăgoi in the transaction marking AMC’s entry into the PetStar shareholding.
In the second transaction, NNDKP advised on the EUR 50 million financing granted to Pet Star Holding S.A. and Pet Star Recycling S.R.L.
The NNDKP team involved in these transactions included Alina Radu (Partner, Head of Banking and Finance), Valentin Voinescu (Partner, Banking and Finance), Alexandru Ciambur (Senior Associate, Banking and Finance), Corina Dumitru (Partner, Corporate/M&A), Anda Drăgoi (Associate, Banking and Finance), Bogdan Ciacli (Associate, Banking and Finance), as well as Anca Diaconu (Partner, Head of Competition, State Aid, EU Law and FDI) and Oana Popescu-Mitricoaia (Senior Associate, Competition, State Aid, EU Law and FDI).
PetStar’s advisor for the financial aspects of the transactions was PCF Investment Banking Romania.
“Through these transactions, PetStar continues its plans to further develop and consolidate its market position, remaining 100% involved in the green economy and fully committed to contributing to the creation of a circular economy in the PET recycling industry, with significant impact on environmental protection. Thus, we intend to play a substantial role in achieving the national sustainability targets and building a cleaner future for the entire country”, declared Mirela Drăgoi, CEO & Co-Founder of the PetStar group.
“We are happy to have contributed to a landmark transaction for the PetStar group, in which, together with NNDKP’s cross-disciplinary team of professionals, we helped with the re-acquisition of the minority stake of a Polish investment fund and the full refinancing of the mezzanine loan, and other specific financial operations”, declared Mihai Iordan, Managing Partner, PCF Investment Banking.
“We are happy to have once again supported PetStar in these two transactions marking a new chapter in the activity of the group, contributing to the consolidation of its market position. PetStar’s trajectory is a success story, and proof of the potential of the Romanian entrepreneurial landscape, and we are happy to be able to support local companies with innovative and brave ideas. We are grateful for the trust they placed in our team and wish them the best of luck in the future”, declared Alina Radu, NNDKP Partner.
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About PetStar
PetStar Group is the only PET recycler and PET preform producer in the Balkans capable of offering a fully integrated “Bottle-to-Bottle” recycling cycle – from post-consumer PET waste to the manufacture of new PET bottles for beverage use. This process not only helps reduce waste and preserve natural resources but also plays a key role in supporting a circular economy.
In 2024, PetStar recycled approximately 30% of the PET packaging collected by RetuRO as part of Romania’s Deposit Return System. The recycled material was reintroduced into the production cycle through the manufacturing of new PET preforms for the mineral water and soft drinks sector.
