Radu Timis Jr., CEO of Cris-Tim Family Holding, has officially confirmed for ZF the intention to list the company this autumn.
„The desire to raise capital comes at a time when Cris-Tim is carrying out the most extensive investment program in its history, over the 2026-2030 period, and has a highly ambitious plan of reaching a EUR500 million turnover in 2030. The figure will be achieved both via organic growth and a broad M&A program”.
Radu Timis Jr declined to comment about the company’s valuation. In line with ZF sources, it ranges between EUR280 and 330 million for an offering starting shortly.
Cris-Tim Family Holding ended 2024 with turnover worth RON1.12 billion (EUR220 million), up 11% from 2023. Net profit reached RON88 million (EUR17.6 million).
(English version by Catalina Apostoiu)