With an initial investment of 100,000 euros, Cromwell Evan Global – CEG is a company offering tax and business consulting services, proposing an integrated business advisory model. The 360° Consulting concept facilitates the investment process and reduces costs, said Oana Motoi, Founder & Managing Partner Cromwell Evan Global. At present, the company operates with two offices in Bucharest and Chisinau, with a team of about 10 people.
The founders say the 360° Consultancy concept resulted from work experience with investors who need a wide range of consultants when planning a new investment. “With this service, CEG is the coordinator of a professional business association, along with technical experts from various fields (energy, IT, private banking, or real estate) that offer integrated consulting,” Oana Motoi explained.
Association with the Vernon | David Law Office
CEG has announced its association with the Vernon | David Law Office, a boutique law firm launched by Charles Vernon and Daniela David more than 10 years ago. With a staff of five partners and 30 associate lawyers, the company has been involved in some of the largest transactions in Romania, such as consulting TMK at the acquisition of the Reşiţa Steel Industry, currently the largest steel producer in Romania, assisting Iulius Mall in the development of Palas Mall, one of the largest retail projects in Romania, or representing Xannat (the former Anglo-American group and the largest aggregates producer) in managing the buy-out transaction.
“We have known Oana for many years and we appreciate her professionalism. We are delighted with the new association and we are convinced that we will provide services at the highest standards,” said Charles Vernon, Managing Partner Vernon | David.
“Not only do we recommend some consultants,” Oana Motoi added, “we are the integrator who coordinates all the experts – all the fiscal, legal and technical skills necessary to efficiently plan and implement a new investment”. To provide these services, Oana has already teamed with two recognized experts in private banking and energy: Alex Massaci (18-years experience at PwC and former director of Gutman Bank Romania) and Şerban Ţigănaş (manager with 40 years of experience in energy, World Bank consultant in the field and founder of TEB Energy Business). In her turn, Oana Motoi has 10 years of experience as a financial consultant and has previously worked for companies like KPMG or PwC.
Consultancy costs cut by 20%
CEG estimates that, at an investment of € 100 million, about € 5 million go into consulting fees, not including the costs of the staff who oversaw the entire army of consultants. The 360° Consultancy concept reduces these costs by up to 20%, making the company a “single point of contact” with all the consultants and technical experts involved.
More importantly, such an approach makes it possible to carry out complex projects, where expertise from a single field is often insufficient. To start an investment in a real estate project, for example, beyond financial expertise, tax advice, project design, energy expertise, project management, market analysis, etc. are also needed from the very beginning.
At present, CEG targets as customers mainly medium-sized international firms, active in 5-6 countries, interested in investing in Romania or in the region, in any field, from IT and energy, from real estate, to industrial production, including innovative financial services, e.g. crypto currencies and blockchain technology.