Fund managers bet on services, IT and retail

Services to corporations. This will be the name of the game. This is how Leo Gherghina, partner of Amundi Private Equity (formerly SGAM) answers a question about the sectors targeted by the investment fund this year. After investing in the sector of medical services in 2009, when it took over 36% of MedLife for 20 million euros, Gherghina specifies he is not interested only in this sector, but rules out retail from the very start.

Ziarul Financiar has sent requests to the major investment funds in Romania to see what sectors they were targeting this year, and the answers received reveal that medical services, IT and fast moving consumer goods are the sectors of choice for investment funds.
After languishing over the last two years, investment funds could go shopping again. The hypothesis is all the more plausible since companies’ valuations are likely to have bottomed out. In other words, one can buy cheap at present in order to have a platform for growth in coming years.