Formerly known as Turcan & Turcan, Turcan Cazac continues to be the sole occupant of tier one. Driven by managing partner Alexander Turcan, the firm is as prominent as ever in banking work and has also, despite tough market conditions, been active in M&A....
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Formerly known as Turcan & Turcan, Turcan Cazac continues to be the sole occupant of tier one. Driven by managing partner Alexander Turcan, the firm is as prominent as ever in banking work and has also, despite tough market conditions, been active in M&A. "Tier one reflects its position," one competitor says, adding: "Turcan depends on criteria. If it's strictly financial, they do a lot of work with EBRD, so yes [it is tier one]. Also, in terms of the amounts of the loans granted in figures then yes [it is tier one]. But, if it's the number of projects and exposure to different banks this [ranking] might be changed."
Clients are pleased with the service received from the firm and its clientele includes over 350 foreign companies operating in Moldova. "We used Turcan and they're very good," a client comments, while another draws out Octavian Cazac for praise and refers to him as "the focal point".
Turcan Cazac is the Moldovan member of the CIS Leading Counsel Network (CIS LCN) and has established a bilateral 'best friends' relationship with top Romanian firm, Tuca Zbarcea & Associates.
Deals
Turcan Cazac continued to draw in the leading mandates on the market and advised a number of international agribusiness companies in the $40 million acquisition of the largest sunflower oil producing facility and the largest grain storage facilities in Moldova. This deal, which was completed in September 2011, involved the due diligence of over 10 Moldovan and Cypriot companies. Furthermore, the firm advised its key client, the International Finance Corporation (IFC), in its advisory mandate to the Ministry of Health of the Republic of Moldova in the method of two public-private partnership (PPPs) projects in the healthcare sector. These projects, valued between €5-8 million, are among the first PPPs in the country and the first in healthcare.
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