The fund controls the business alongside Valentin Andrei Videanu, aged 27, the son of Adrian Videanu, former Economy minister who also owns several local businesses.
There is little information about Romwaste Solutions. According to Finance Ministry data, the company registered a turnover of RON18 million in 2015, the last year for which public data is available. The business tripled compared with the previous year and the number of employees rose from 80 to 136.
Romwaste Solutions was previously controlled by Ionut Vlad Ioancea, 28, Valentin Andrei Videanu, 27, Iulia Theodora Florescu, 25, and by the company Iberia Renovables, according to the latest data, of May 2016. Iberia Renovables used to own 20% and the remaining shares were distributed among the other three shareholders. The biggest stake, of 36%, was held by Valentin Andrei Videanu.
According to the latest ZF data, Iberia Renovables is a company operating in the field of renewable energy and is controlled by entrepreneur Lucian Zlate.
Axxess Capital representatives turned down ZF’s request for comment regarding the transaction.
Axxess Capital entered the shareholding structure of Romwaste Solutions through Emerging Europe Accesssion Fund Cooperatif UA.