European private equity investor GED Capital Development has announced plans to invest up to EUR 70 million in Romania and Bulgaria during the next two years. The announcement marks the second such project, following the successful EUR 150 million investments from the GED Eastern Fund II in 2006.
GED Private Equity (www.gedprivateequity.com) / GED Capital Development
GED Capital was founded in 1996 to manage the Romanian Fund GED Eastern Fund I, a Romanian private equity fund promoted by the EBRD and the European Union. Today the group operates primarily in south-east Europe and the Iberian Peninsula, with their core countries being Bulgaria, Portugal, Romania and Spain.
GED invests in the real estate sector, looking for value added and growth potential investments. The firm currently manages over €350 million in assets through four separate funds.
June 3, 2009
Bulgaria, Central & Eastern Europe, Romania, Rumors & Speculation