Businessmen Octavian Radu and Vicentiu Zorzolan sold 65% in NextDocs to Informlykos Romania, part of the Greek group by the same name. The buyer announced it paid EUR3.5 million for the majority stake in the business.
“This is a business for large customers, we work with UniCredit, Banca Transilvania. Raiffeisen, BCR, Uniqa, Metropolitan Life and Dedeman. We hope our partnership with Informlykos will help us get customers from the utilities sector,” says Octavian Radu, one of the most famous local entrepreneurs, who owns several businesses, among which bookstore chain Diverta.
NextDocs is a company founded by Vicentiu Zorzolan, another local entrepreneur who was known for his fashion businesses before the crisis. Both Radu and Zorzolan introduced several franchises they closed during the crisis, especially after giants like Zara and C&A chose to have a direct presence in the country. The two joined forces in NextDocs in 2014.
NextDocs posted EUR1.4 million revenue in 2016, EUR2.2 million in 2017 and EUR2.8 milion last year.
“We expect the revenue to reach EUR3.3 million or EUR3.4 million in 2019, and then go up to EUR8 milion – EUR9 million in 2019.”
(English version by Loredana Fratila-Cristescu)