The value of the acquisition was not disclosed, but Black Sea Fund I said this is its second transaction. The investment fund invests EUR4 to EUR8 million in Romanian small and medium-sized companies with growth and expansion potential globally.
Clinica Dentara SRL Zalau, the company operating the DigiRay brand, was founded in 2008 by Cristian Pop, in the town of Zalau. the company ends 2020 with 11 units in six towns and is going to open its first unit in capital Bucharest.
Clinica Dentara SRL Zalau reported a turnover of RON7.8 million in 2019, compared with RON5.4 million in 2018, and a net profit of RON2.16 million, employing 46 people, per finance ministry data.
During the transaction, Black Sea Fund I was assisted by Kinstellar and Mazars, while DigiRay was assisted by Pop Legal.