The deal with Abris Capital Partners is expected to be finalized in the first quarter of 2025, subject to getting the necessary regulatory approvals and meeting other conditions stipulated in the agreement.
In 2023, Pehart Grup generated EUR168 million revenues and had almost 550 employees in all its companies.
Capital for the deal will be provided by INVL Baltic Sea Growth Fund and some of its investors that co-invest via INVL BSGF Co-Invest Fund II.
With a size of EUR165 million, INVL Baltic Sea Growth Fund is a closed-end private equity fund destined to professional investors. So far, the fund has invested in and developed industrial leaders such as Eco Baltia, InMedica, Egles Sanatorja and Galinta.
At the end of 2023, deals completed by INVL Baltic Sea Growth Fund had an internal rate of return of 26% and a cash-on-cash multiple of 1.9.
(English version by Catalina Apostoiu)