Modulo Decorative Solutions was previously held by a US group through US-based company Valhall LLC (79.4%) and by Mihai Gavris (20.59%), per data on business analysis platform confidas.ro.
The Fund, initially launched in 2005, has a team of 25 people and offices in London, Luxembourg, Bucharest, Istanbul and Almatî, per the latest data from Ziarul Financiar daily.
In Romania, CCECAT had made a single investment: brick producer Brikston Iasi which it sold in 2018, four years after the acquisition.
In 2021, CEECAT Capital managed to raise EUR120 million for investments in small and medium-sized companies in Emerging Europe and Turkey, companies with huge growth potential. Funds came from institutional investors – European Investment Fund and the EBRD –from pension funds in the region and from other investors. BCR Pensii is among the investors.
Cluj-based Modulo Decorative Solutions is a RON67 million business and has 257 employees. Its turnover fell by 4% in the first year of pandemic and its net profit skyrocketed 754% to RON3 million.
BT Capital Partners (BTCP) provided exclusive advisory services to Modulo Decorative Solutions in the sale transaction to CEECAT Capital.
The BTCP team was made up of Nina Pîrvu, Serban Dumitrescu and Bogdan Baldovin.
BT Capital Partners is the investment banking division of Banca Transilvania Financial Group, an exclusive member of Oaklins in Romania, as well as one of the most active brokers on the Bucharest Stock Exchange.