$30m infrastructure fund

UK-based Capital financial group will launch an investment fund with $30 million in capital this year. The fund is aimed at the Romanian and Bulgarian markets, Ion Florescu, chairman of the Romanian subsidiary of the group, said. “The fund will cover SE Europe and buy more than 50% in various companies, especially in the infrastructure business. It will allot $5 to $8 million for each investment,” Florescu specified. According to Florescu, there is no name for the fund yet, but it will most likely be called the South-East Europe Buyout Fund. The fund will have a five to eight year life span and is to begin operations in Romania this fall. “We have already opened an office in London and we’re now in talks with a series of investment banks in the UK, which are interested to make private investments in the new fund,” Florescu said. He feels Romania’s most attractive industries to invest in at the moment are the light industry, foodstuffs, infrastructure, transports and the distribution and logistics services. ZF