Smart strategies for capital raising, sales and acquisitions

Accendo provides investment banking services to companes active in Romania, Moldova and Bulgaria, assisting them in capital raising, partial or total sale of the business.

  • Capital raising, private equity and venture capital funds, trade investors
  • Debt restructuring
  • Debt financing: bank loans, bonds, leasing
  • Project finance
  • Exit to funds, trade investors or private investors



Mergers and acquisitions services for entrepeneurs, strategic buyers and investment funds. Succession plans, expansion financing and exits financed by investment funds or industrial buyers. more

Corporate Finance

Design and execution of optimal capital structure, investment decisions assesment, working capital, risk assesment and management. more

Debt Restructuring

Reduce debt payments through interest rate adjutments, maturity extension and principal restructuring. more

Advisory and Restructuring

Hands-on operational, financial and strategic advisory for business value maximization. more


People working for you

Alexandru Mnohoghitnei cumulates 19 years of experience in financial management, private equity and company restructuring. He joined Accendo in 2014 and dealt with projects in retail, facility management, industrial production, food processing. For 9 years he was CFO of Domo (2004-2013), a large Romanian retailer in household and electrical equipment. Previously, he worked in private equity at Danube Fund (1999-2004) as Executive Director for Romania and gained significant experience in various sectors, including as board member: retail (Flanco-leading retailer of electrical goods), consumer finance (Credisson, Ralfi), leasing (Alpha Leasing Romania), office building (Bucharest Corporate Center), households cleaning products manufacturing and distribution (Interstar), industrial services (IMSAT). He worked as Financial Counselor (1997-1999) in the UNIDO/UNDP (United Nations Development Program) Privatised Enterprises Restructuring Project in projects in mineral water, food processing, sanitary ware production, dairy, and fisheries. Between 19983-1996 he worked in aircraft aircraft industry as design engineer and project coordinator for two aircraft prototypes. Alexandru Mnohoghitnei holds an MBA from the Canadian MBA in Romania and an engineering degree in Aeronautical Engineering from the Polytechnic University of Bucharest.
Alexandru Mnohoghitnei / Partner
Viorel Udma advised companies in various fields, from agriculture (farming, distribution) and food processing (dairy, beverages) to communications (IT, communication infrastructure) and energy (oil and gas, and renewable energy). Prior to working for Accendo, he developed expertise in venture capital and advisory services for companies and municipalities in Romania, Bulgaria, Moldova and Ukraine. In 1999 he started and managed VMB Partners SA, the advisor that helped Romanian municipalities access financing through capital markets, by 2005 became no. 1 municipal financial advisor, with over 65% of all the bonds issued. VMB advised over 40 municipalities in their bonds issuing process, including Mangalia, Predeal, Alba-Iulia, Sebes, Bacau, and Aiud. During 1990s he worked as investment officer for Romanian American Enterprise Fund, executing and managing investments in consumer finance (Ralfi, bought by GE Capital), in digital prints and signage (A&M), precision industrial parts (Lasedo, now part of Groupe MIG-SFH France), and dairy products (Sorilact). Viorel holds an MBA in finance from Canadian MBA in Romania, a Master in Asset Management from University College Dublin, and an engineering degree in technological physics.
Viorel Udma / Partner


Come visit us or write us a few words

Address: 22 Nicolae Caramfil St., Apt. 304,
014143 Bucharest Romania

Mobile: +40 722 284 796
Fax: +40 31 815 0263