“Investing in cable manufacturing is a strategic move due to the opportunities of growth of Romania’s road, rail and underground infrastructure. We are confident that, along with the completion of the complex transaction we have been working on intensely ever since last year, we will be able to capitalize on this potential. The plan is to take Electroplast among Romania’s top three cable producers, through investments, the diversification of products and by entering new markets”, said Rudi Vizental, Chief Executive Officer of ROCA.
The Fund acquired the shares from the company Italian Cable Company, which manufactures power cords and electrical wiring for industrial applications. The transaction is pending approval by Romania’s antitrust watchdog.
Electroplast reported a turnover of over RON82 million in 2018 and targets over RON90 million in 2019. The company, which entered the Romanian market in 1993, has more than 100 employees and holds a diversified customer portfolio, among which Telekom, the state-owned railroad company CFR, Siemens, Alstom France and VLG.
ROCA was launched in 2018 as a first investment and management platform targeting Romanian companies. After only one year of operations, the company reported a 260% yield for the amounts invested initially and reached EUR22 million.
ROCA is currently held, among others, by Andrei Cionca, president of CITR Group, and his associates through the investment division CIT Resources, by Astra Rail Management GMBH, Paval brothers, through PIF Industrial, Dan Sucu, the founder of Mobexert, BT Investments, the investment arm of Banca Transilvania, Theodora Popa, vice-president of Transavia Group and Theodora Golf Club, Adolf Baclea, the founder of Cosena, Vetimex Capital S.R.L., a company owned by the Korponay Family, the founders of vet products distributor Maravet SA. Cristian Ludovic Pop, the founder of pet shop store chain Animax, and Next Capital Solutions S.R.L., a financial services firm for small and medium-sized enterprises (SMEs) and a member of EOS Group.