The syndicate including International Finance Corporation (IFC), Banca Transilvania and ING Bank Romania granted more than EUR150 million funding, significantly tied to sustainability goals, to be used for the deal and future development of Pehart Grup.
In December 2024, private equity firm Abris Capital, which had bought into Pehart Grup nine years prior, signed an agreement to sell the paper product manufacturer to INVL Baltic Sea Growth Fund.
The new owner will support significant investment in expanding production capacity of Pehart and additional acquisitions in the region, consolidating Pehart Grup’s market leader position and stimulating its next growth phase, says Vytautas Plunksnisj, partner, INVL Baltic Sea Growth Fund.
(English version by Loredana Fratila-Cristescu)