GED Gains 60% Stake in Romania’s TEB

With the current high demand for efficient energy in Romania, European private equity firm GED has made a substantial investment in Romania’s Total Eurobusiness (TEB). GED total investment in TEB is roughly €12 million. The investment gives GED a 60% stake in Romania’s top energy cogeneration company.

Total Eurobusiness (www.teb.com.ro)
Located in Bucharest, Total Eurobusiness is an Energy Saving Company (ESCO) leading the way in efficient energy development in Romania. TEB develops, distributes, installs, and supports energy efficiency products on a contract basis ranging from seven to twenty years. To a lesser degree, the company is also active in renewable energy, oil exploration, and the food and beverage industry.

TEB is a member of the World Energy Council, COGEN Romania, and the Romanian National Committee on Illumination (CNRI).

GED Private Equity (www.gedprivateequity.com)
Established in 1996, GED leads the independent mid-market private equity market. The firm manages EUR 350 million in four different private equity funds. The company specializes in small-buyouts of businesses and real estate that offer growth as well as management opportunities. 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.