BV Murray to fund joint ventures

US investment bank BV Murray & Co is to allocate $15-20 million over the next two to three months for the funding of investment projects on the Romanian market. “Romania presents good opportunities for investment. Look where Romania was a few years ago and look where it is now,” says Brian Murray, BV Murray chairman. Murray explained that the main sectors to be targeted would be agriculture, the food industry, the energy and electricity industry, and health care. “We will provide funding to small and medium-sized companies to form joint-ventures with similar companies abroad or with strategic investors. At the moment we have a number of Polish food companies ready for joint-ventures with Romanian companies,” Murray added, while specifying that the wine industry was one of the sectors that would be targeted given that BV Murray has already invested in a Bolivian winemaker. BV Murray was established eight years ago and has since carried out debt restructuring operations for various companies and mergers and acquisitions in the US, UK, Italy, Russia and South Korea. ZF