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 and ROCA X 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.
The Cyprus office is the first international move of CITR, after a decade in which the business consolidated and brought its contribution to Romania from the position of market leader. Since the regional expansion in 2018, CITR has contributed and continues to contribute to the formation of Cyprus’ young market, where the profession of insolvency practitioner has only recently been recognized.
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 save and enhance the value of Roman ian businesses, by reintegrating them into the economy. We aim to give a second chance to companies in distress, local communities and people.
We use the best international practices in the field and aur knowledge, that has been consolidated throughout 20 years of experience, in an innovative and project-specific way.