“I started CITR from scratch, just like ROCA and ROCA X. The group’s future developments will no longer start from scratch; they will start in a heathier and faster manner. All the resources we have today, they will all be coupled within the group. We shall be able to make a transfer between them”, said Andrei Cionca, CEO Impetum Group and founder of CITR, ROCA and ROCA X.
Cionca added that joining the CITR, ROCA and ROCA X brands and generating synergies, under the Impetum Group, will actually contribute to consolidating the Romanian economy.
Impentum Group aims to bring together investors, managers and experts in tackling difficult situations and financing, but it will also asses the business needs in real time, framing them in a typology, in real time, and specifically finding the proper solution.
Impetum Group currently has a EUR40 million capital through its companies, aiming to triple it in the next five years.
The three brands joined under the identity of a new group will keep their distinct activities, addressing and providing solutions for complementary business needs, in the fields of startup, scaleup and distress.
Roca X is an investment fund targeting start-up firms in the technology sector. The company’s portfolio includes the Milluu, MedicAI, PatchAI and yeParking businesses.
Roca is a private equity solution targeting businesses in distress. Roca has managed to conclude eight transactions, of the 150 companies under scrutinized.
CITR is the leading player on the local insolvency market. CITR has established the ROCA platform and investment fund ROCA X.