220m-euro investments in private equity

Investments of private equity and venture capital funds could reach over 200 million euros this year in Romania – double compared with last year, according to statistics calculated by fund managers. Private equity funds’ main investment targets are companies with shares that are not listed on the Stock Exchange. Last year, private equity funds invested 110 million euros in Romania, while exits stood at 63 million euros, evaluated at the acquisition value. The actual sums collected by the funds from the sale of companies could be several times higher. “This year, the value of investments could double against last year, but this will depend on the completion of high-value transactions, which are scheduled to be concluded at the end of the year,” says Robert Luke, chairman of SE European Private Equity and Venture Capital Association. Luke is also manager of GED Capital, a fund management company from Spain, with investments on the Romanian market. He says currently the “hottest” field for investment funds is construction and construction materials, due to the massive investments scheduled for the next few years in residential and infrastructure projects.