The fund will be fully financed by Paval Holding, which has a share capital of EUR1 billion. which is the highest direct interest of a Romanian entrepreneur.
Paval Holding is the largest company established in 2018 by share capital and is held by Dragos Paval and Adrian Paval, 60% and 40%. The capital of the holding company was determined after the valuation of the stakes of the two entrepreneurs in Dedeman.
The fund will be manged by Laurentiu Ciocirlan, formerly head of Raiffeisen Bank’s investment department.
“We believe this is a good time to address such companies which have too few financing options for development despite being the most dynamic and promising category for Romania’s economy. This is the first Romanian private equity fund that aims to support local businesses consolidate their presence on the Romanian market and expand regionally,” Dragos Paval said earlier this month.