CITR is the leader of the insolvency and restructuring market in Romania since 2008.
As part of the Impetum Group, the Romanian group dedicated to the mission of maximizing business value at any stage of a company's life, CITR shares its resources with ROCA Investments, ROCA X and AGISTA to create a hub that brings together: business knowledge specific to each of the 3 stages of a company's life (startup, growth crisis, distress), capital, synergies and crosses between complementary businesses, as well as a community of managers and entrepreneurs eager to actively participate in consolidating the entrepreneurial culture in Romania.
CITR customers are a click away from the products they are looking for. sales.citr.ro is the most advanced platform for presenting assets in insolvency and bankruptcy. The platform comprises a portfolio of assets of 1 billion euros, in various stages of capitalization, out of which there are over 4,000 products for sale annually. Whether it is movable property, real estate or turnkey business, the platform is clustering in the same place assets quick and easy to access.
CIT Restructuring was founded by CITR experts, with the aim of providing restructuring solutions to companies outside the legal proceedings, through customized solutions, designed based on the specific needs of each individual business.
As part of CITR's work, the team provides turnaround consultancy for companies in difficulty, non-performing debt management, solutions for attracting capital, strategies for growing and developing non-performing businesses and consulting for operational and financial restructuring and judicial reorganization.
We started 20 years ago, in Transylvania, as a group of friends in search of a destiny - eager to prove, confident that we can - in the still rarefied air of the beginnings of entrepreneurship.
Romania was learning capitalism - we were in the era of pioneering and we were doing what the pioneers were doing: we were starting a business we had read about, heard about, but none of us had ever worked for such a company, whose purpose is to practice hope and value. We called it the Transylvania Insolvency House, proud of its origin - and at that time our universe, which today is called CITR.
Our mission is to discover the value of companies in difficulty whether we are talking about business, product, brand, customers, team, assets, market share or other elements. We create the context of the second chance to save and increase this value through innovative, dedicated and pro-business solutions for financial and operational restructuring.