The transaction is expected to close in April 2025.
The investment consists predominantly of growth capital destined to support Bisbag’s ambitious development plans.
Bisbags is currently held by Simona Iulia Sullivan, with a 69.9% stake, and by Cosmina Diana Tincu, with 30.1%, according to analysis platform www.termene.ro. It reported a turnover of RON27.4 million in 2023, down 15% on the year, aiming to triple its turnover before 2030, from EUR6.2 million (RON30 million) in 2024, as per company data.
“We have an ongoing EUR10 million investment program to develop one of the most modern production facilities in Romania and the region. At the same time, we remain committed to launching innovative, eco-friendly products for our customers and expanding into new market segments—either organically or through acquisitions of other producers,” said Iulia Sullivan, Founder and Managing Director of Bisbags.
Bisbags produces and sells a complete portfolio of premium, custom-made paper bags and packaging solutions for retail, e-commerce, and food services industries. The company has a production facility located in Petris, Bistrita-Nasaud County, employs some 100 people, and is currently able to process roughly 10.000 tons of paper annually.
Booster Capital is a regional private equity fund with a target size of EUR100 million, launched in 2024. The largest commitment to the fund – EUR30 million, comes from the European Union – NextGenerationEU, with the financial backing of the Government of Romania under the Romanian Recovery Equity Fund, a program managed by the European Investment Fund (EIF).
Booster Capital’s target investment size is EUR5 – 15 million per transaction, focusing on sectors where its team has a proven track record of success: IT services, specialist retail/e-commerce, B2B services, consumer goods, value-added manufacturing, health & wellness.
Booster Capital was founded by four partners – Laurentiu Ispir, Serban Roman, Vlad Tabacu and Thomas Tuske – with cumulated experience of over 60 years in private equity, working for reputable regional firms such as Enterprise Investors or Oresa.