Noriel operates both in the retail and the distribution and production sectors.
The Constantinescu family owns over 40% in Noriel, while the rest of the shares are held by investment fund Axxess Capital, according to the latest ZF data.
Early this year, Axxess Capital, one of the most active private equity companies on the local market, announced it aims to exit four companies it holds stakes in, including Noriel, Patria Credit, industrial equipment renting company Industrial Access and power company services SE-GES. At the same time, it equally envisaged new acquisitions.
Neither Axxess Capital nor Enterprise Investors’ representatives commented the information on the stake sale in Noriel by the time of publishing the news.
According to latest ZF data, Noriel group owns a retail network, a games and puzzles factory in Prahova county and a distribution company supplying toys to hypermarkets, supermarkets and specialized stores throughout the country.
Noriel’s largest competitor on the traditional toys segment is the modern retail with supermarkets, cash&carry, discount and hypermarkets, with a 30% market share. The local toys market totals EUR200 million.
In Romania, Enterprise Investors owns Profi network, one of the largest ten retailers in the food sector, as well as construction company Macon and HR Smartree.
(English version by Manuela Panescu)