Fund officials believe two thirds of the amount will stay in Poland as with the other funds of Enterprise Investors. Romania attracted EUR85 million or 14% of the EUR600 million of the previous fund, Enterprise Fund VI.
“There is no allocation by region. The rest of the money (one third i.e.) will go to the other countries depending on project quality,” said Cristian Nacu, Enterprise Investors partner.
Enterprise Investors owns construction supplies producer Macon, supermarket chain Profi and has a minority stake in IT company Siveco in Romania. It has not invested in this country since 2010.
Cristian Nacu says he has not seen any significant changes on the local mergers & acquisitions market. Few deals have been finalized in the M&A sector in the last few years and the industry is far from its boom years level.
Enterprise Investors will continue to invest EUR20 million to EUR50 million per deal in dynamic sectors such as consumer goods, retail, financial and medical services, where the company already has a significant number of deals and exits, said Jacek Siwicki, Enterprise Investors president.
The other private equity funds operating in Romania include Advent International, Oresa Ventures and GED.
(English version by Loredana Fratila-Cristescu)