Private equity firm GED capital-owned Infopress Group Romania has completed the acquisition process for Révai Printing House, which was formerly owned by the Polestar Group of Britain. The combined turnover for the new group will exceed EUR 80 mln and the employee count will be approximately 500, making it the largest printing operation in the CEE [...]
Tag Archives: GED
GED Raises Stake In Romania’s Continental Hotels
GED, a Spanish based private equity firm, has purchased a 30% share in Continental Hotels, from Czech based PPF Partners. This will increase GED’s holdings in the Romanian based hotel chain to 50%. This purchase represents the largest investment GED has made in Eastern Europe since 1996. The remaining shares will be held by Enache [...]
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GED Adds Prestige Tours to its Happy Tour Group
Spain’s GED has added yet another portfolio company to its Happy Tours group by acquiring Romania’s Prestige Tours. Since GED took over Happy Tours in 2007, it has added two other companies to the platform. Both companies, Travel House and Paravion.ro, were Romanian competitors to Happy Tours. When the acquisition is complete the Prestige brand [...]
GED Continues Romanian Push With Travel House Deal
Spanish private equity firm GED continues its aggressive push to lead the Romanian travel industry with the recent acquisition of Travel House. GED acquired 80% of the company just weeks after making a deal for Pravion.ro, an online airline ticket sales portal. GED already owns corporate travel agency Happy Tour, which it acquired in late 2007, and [...]
Bulgarian Dairy Fama Receives Substantial EBRD Loan
The EBRD has announced plans to provide a substantial financing package to one of Bulgaria’s top dairy producers. Fama, the third largest supplier of milk products in Bulgaria, will use the €5.5 million mezzanine loan to increase its market share through the construction of three new facilities in its strongest markets and the development of more long-life [...]
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 [...]
GED Planning € 70M for Bulgaria and Romania
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 [...]
GED Acquires 92% of Romania’s Infopress
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 [...]
Diamedix Acquired by GED for EUR 15 million
Top private equity fund manager, GED Capital, is in the process of acquiring lab equipment distributor, Diametrix. The deal is estimated to worth EUR 15 million, with GED attaining a 78.93 percent majority stake in the company. The controlling interest takeover is EUR 9 million, while the remainder is a capital injection. Former shareholders will [...]
GED acquires the Romanian retail chain Plus GSM
Fonomat, a network of GSM service retailers controlled by the private equity firm GED, has acquired the Plus GSM chain. Plus GSM (www.plusgsm.ro) Plus GSM is a chain of mobile operator retailers in Romania, with total of 54 shops in the Transylvania and Muntenia regions. With 240 employees and an estimated turnover of more than [...]
GED acquires Happy Tour, Romania’s leading corporate travel agency
The private equity company GED acquired Happy Tour, a Romanian travel agency. Happy Tour (www.happytour.ro) The Bucharest-based company leads the corporate travel market in Romania, a segment on which Happy Tour bases its strategy. The Company delivers services such as ticketing, organisation of events, conferences and conventions, team-building, customized trips for individual clients etc. Happy [...]
GED acquires Romanian Dasimpex GSM retail chain
Spanish investment fund GED Capital has acquired a controlling interest in Dasimpex group, which operates one of the largest GSM equipment retail chains. Dasimpex (www.dasimpex.ro) Dasimpex is one of the top four GSM equipment retail chains on a fast growing market with annual sales in excess of € 300 million. Dasimpex doubled its revenues to [...]
GED closes GED Eastern Fund II on € 150 million
GED Eastern Fund II is the second generalist fund of GED specialized in South-Eastern Europe, including Romania, Bulgaria and neighbouring countries. GED (www.gedcapital.com) Since its establishment in April 2005, GED EF II has carried out three investments: (1) the purchase, together with Prosegur, of the Romanian security company Rosegur; (2) the creation of the real [...]
