The private equity fund may invest in businesses across IT&C, energy efficiency, and medical services sectors, which GED expects to achieve a sustainable recovery in the coming 3-5 years.
GED’s following investments will be made through its GED Eastern Fund II established in 2005 with a total private equity of €150 million.
Generally, GED invests between €5 and €20 million in a company.
The latest deal the PE fund was involved was the €12 million acquisition of 92% interest in Infopress, the largest printing company in Romania.
Apart from Infopress, the fund also holds the travel agency Happy Tour, telecom retailer Fonomat, medical equipment provider Diamedix, Total Eurobusiness and security provider Rosegur Holding.
Year-to-date, investors’ appetite for deal-making started to pick up, compared to the same period of 2009, when the market had seen few acquisitions complete.
2010 highlights are: the acquisition of 80% of Centrul Medical Unirea by Advent, and the takeover of 56% of Smartree (company founded by Eric Kish, former marketing and retail VP of Rompetrol) by Enterprise Investors.
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