“CEE-Equity Partners Ltd is the investment consultant of China-CEE Investment Cooperation Fund, a private equity fund registered in Luxembourg. The fund has $500 million to invest in Central and Eastern Europe. A second fund, with a $1 billion budget is to be launched under the same management by the end of the year. The fund invests in companies in infrastructure, energy, telecom and specialized industrial production,” the company said in a statement Wednesday.
Minimum investment in a company ranges from $20 million to $70 million.
Company officials will are expected to announce the fund’s investments plans for the Romanian market next week.
China-Central and Eastern Europe Investment Cooperation Fund plans to contribute to the economic growth of the 16 countries in the region.
The fund’s main investor is the Export Import Bank of China (Exim Bank China), which contributed $470 million, together with Eximbank Hungary, which invested $30 million. Moreover, the Chinese bank placed a special credit facility of $10 billion at the disposal of the management to raise the fund’s investment capacity.
CEE Equity Partners Ltd has its main office in Warsaw and satellite offices in Budapest, Bucharest and Leeds.
Private equity fund activity has been quite reduced in recent years and investments by private equity funds in Romania amounted to less than EUR100 in 2013.
Enterprise Investors, Oresa Ventures, Resource Partners, Abris Capital Partners and Axxess Capital are among the most active investment funds in Romania.