Romania’s Infopress will have a new owner after reaching a deal with Spanish private equity firm GED. The deal will see GED pay an estimated €12 million for a 92% stake in Infopress. The acquisition appears to be favourable to Infopress in terms of helping their regional expansion plans in a very tight market. The deal must gain regulatory approval and is expected to be completed later this year.
Infopress (www.infopressgroup.com)
Infopress is the largest printing operation in Romania as well as one of the industry leaders in southern and eastern Europe. The company was founded by Geza Petroczki in 1990 to publish the Odorheiu Secuiesc newspaper.
Infopress now prints magazines, papers, brochures, and advertising materials for clients in Romania, Croatia, Bulgaria, Hungary, and Austria.
The company is forecasting a 2010 turnover of €57 million, a 26% increase over 2009′s €45 million.
GED Private Equity (www.gedprivateequity.com)
GED Private Equity is a Spanish firm specializing in PE investing and real estate acquisition on the Iberian Peninsula. GED was established in 1996 and has since raised and invested five funds, of which four are still active. Current total assets under management amount to more than €350 million. With 30 investment professionals divided into two organizations, GED Private Equity and GED Private Equity Real Estate, the company has offices in Spain, Portugal, Bulgaria and Romania.
09/05/2009
Central & Eastern Europe, Private Equity News, Romania, Telecoms & Media