In the wake of the deal, growth capital funds 3TS Capital Partners and Catalyst Romania exited the shareholding structure of Vola.ro, together with two of the group’s Polish co-founder. Daniel Truica, one of the group’s co-founders, will keep a significant minority stake and will continue to run the group’s strategic direction as CEO.
“This deal creates new opportunities for the development of the group Vola.ro is part of and strengthens the role of Romania market as central hub of the group’s activities,” say the representatives of travel company.
Resource Partners announced it will retain and support the entire management of Vola.ro.
“The deal marks a new chapter for Vola.ro, where we will focus on growth and expansion on new markets of Europe. This is the second time in the history of Vola.ro when an institutional investor validates our business model and growth outlooks, which is an honor for us,” says Daniel Truica, Vola.ro CEO.
This is the first investment Resource Partners makes on the Romania market from fund III managed by the institution.
(English version by Catalina Apostoiu)