Black Sea Fund, a Romanian investment fund focused on transactions with small and medium-sized companies, plans to invest between 15 million euros and 20 million euros in three or four transactions this year. The fund could close the first two transactions in the summer.
The two transactions that could be completed in the summer target one of the largest players in urban mobility and an entertainment company.
“The very advanced discussions we have are with companies from totally different fields: one company is from a high-tech, avant-garde area, while the other comes from a rather classic, production field. Thus, we want to emphasize again that we are a fund that looks at acquisitions in various segments of activity, and our flexibility regarding the sector and structure (investments in majority, minority packages, etc.) is very high “, says Matei Păun, co-founder of the Black Sea Fund and a specialist with over 20 years of investment experience.
The fund is also in negotiations with three other companies with which it could complete transactions in the next 12 months. Two of the companies are in the healthcare field, and the third is an IT service provider.
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