M&A Outlook: GED Capital Development to invest 70 million euro in Romania and Bulgaria by 2011

The private equity group, GED Capital Development is set to invest 70 million euros during the next two years in Romania and Bulgaria, Anca Ionescu, director of the group said at Wall-Street Outlook 2009 conferences, organized by Wall-Street in collaboration with Nexia International.

At the end of 2006, the company said it would invest around 150 million euros in companies in Romania and Bulgaria via GED Eastern Fund II, the second fund launched by the company, destined to South-Eastern Europe.

The company targets an investment size between 10 and 20 million euros, preferably in majority equity positions, with a holding of 3 to 5 years, said Anca Ionescu.

GED is an independent private equity group managing funds in excess of 350 million euros, operating in South-Eastern Europe.

In Romania, the PE is operating since 1996 and its portfolio includes five companies in different fields: real estate – Romanian Real Estate Partners, medical equipment – Diamedix, security services – Rosegur, travel – Happy Tour agency and GSM retail – Fonomat.

GED Eastern Fund II was launched in April 2005 and the initial value of investments was 51 million euros, funds destined to South-Eastern Europe, with focus on Romania and Bulgaria.

The Fund’s three anchor investors are Bank Austria Creditanstalt, Instituto de Credito Oficial (ICO) and Caja Madrid, savings banks and GED associates.

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