Arhive etichete: CEE Private Equity

Enterprise Investors a facut prima achizitie directa in Romania din ultimii 10 ani. Managerul polonez de fonduri private equity a anuntat o investitie de pana la 20,4 mil. Euro pentru preluarea unui pachet minoritar in reteaua de centre de fitness 18GYM

Managerul polonez de fonduri private equity Enterprise Investors a anuntat pe 6 martie 2026 ca va investi pana la 20,4 mil. Euro in achizitia unei participatii minoritare in reteaua antreprenoriala de centre de fitness 18GYM, in cadrul primei sale achizitii directe in Romania din 2016 pana acum, conform informatiilor disponibile pentru jurnalul de tranzactii MIRSANU.RO.

Afacerea 18 GYM a fost fondata in 2012 de catre Vlad Ronea si sora sa, Alexandra Ronea.

Reteaua 18GYM este unul dintre cele mai mari jucatori de pe piata de fitness din Romania.

Tranzactia este de asteptat sa sustina urmatoarea faza de crestere a retelei, care va include deschiderea accelerata de noi locatii si selectarea unor oportunitati de fuziuni si achizitii (M&A), a precizat cumparatorul.

Fondul de investitii Enterprise Fund IX va sustine investitia in reteaua de centre de fitness 18GYM din capitalul sau proaspat de 340 mil. Euro strans de la investitori pana la momentul inchiderii finale a fondului in mai 2025.

Reteaua 18 GYM opereaza o retea de 37 locatii, iar veniturile anuale au depasit 17 mil. Euro in 2025. In 2024, compania care opereaza reteaua antreprenoriala de fitness a inregistrat o crestere de aproape 3,9 ori a cifrei de afaceri, iar in 3 ani a facut un salt de la 1,9 mil. RON in 2021 pana la 38,8 mil. RON, perioada de crestere marcata in paralel si de cresterea datoriilor de la 2,2 mil. RON in 2021 la 32,1 mil. RON in 2024.

Sectorul de fitness este inca unul fragmentat, care ofera spatiu de consolidare si deci de crestere rapida, fiind de mai multi ani pe radarul investitorilor de private equity. In 2022, managerul polonez de private equity Resource Partners si-a facut exitul din World Class Romania – liderul pietei de profil prin vanzarea participatiei sale catre African Industries Group, iar in decembrie 2021 Morphosis Capital a intrat ca actionar in reteaua Stay Fit Gym.

Bartosz Kwiatkowski, Partner in cadrul Enterprise Investors care coordoneaza investitiile pe piata din Romania, spunea inca din mai 2025 ca sectorul de wellness – fitness este pe lista de tinte a investitorului financiar polonez, cand mai preciza pentru jurnalul de tranzactii MIRSANU.RO:  “Nu facem achizitii directe cu tichete sub 20 mil. Euro per tranzactie. De regula, tichetele noastre de tranzactie sunt intre 20 mil. Euro si 40 mil. Euro, iar tranzactiile de tip add-on pot fi de la cateva milioane euro pana la ordinul zecilor de milioane de euro. Depinde cat de mare este compania din portofoliu care face achizitia”.

“Pentru piata din Romania, tinta noastra este o tranzactie add-on care va fi anuntata in curand si o achizitie directa in termen de un an”, spunea Bartosz Kwiatkowski, Partner in cadrul Enterprise Investors, la MIRSANU INVESTORS SUMMIT, eveniment organizat de catre jurnalul de tranzactii MIRSANU.RO pe 26 iunie 2025.

18GYM reprezinta a opta investitie directa a Enterprise Investors in Romania, unde investitorul regional de private equity este prezent din anul 2000.

Capitalul total investit de catre Enterprise Investors in companiile romanesti ajunge la 217 mil. Euro, suma care include si investitia raportata la 18GYM. Enterprise Investors a avut in Romania in portofoliu companii precum Mobilrom (acum Orange Romania), Siveco, Profi sau Noriel, insa Romania este acum tinta nr. 1 in regiune pentru platformele aflate deja in portofoliul managerului de fonduri de private equity pentru achizitii de tip add-on, asa cum a fost achizitia jucatorului local Omnicredit din sectorul de servicii financiare de catre PramaGO.

Managerul de private equity Integral Capital Group isi completeaza portofoliul din Romania cu achizitia pachetului majoritar intr-o afacere cu o marja neta de 25%, care a crescut de 8 ori in 3 ani

Managerul de fonduri de private equity Integral Capital Group, cunoscut anterior sub numele de Integral Venture Partners, a anuntat pe 3 februarie 2025 achizitia pachetului majoritar intr-o clinica de fertilizare in vitro, trecandu-si in portofoliul din Romania a treia achizitie a unei platforme locale in mai putin de 3 ani, conform informatiilor disponibile pentru jurnalul de tranzactii MIRSANU.RO.

Achizitia pachetului majoritar al Embryos este prima investitie realizata de catre managerul regional de private equity din al doilea sau fond, Evolving Europe Principal Investments Fund II, care a avut primul sau closing in decembrie 2024.

Tranzactia a vizat cumpararea unei participatii majoritare din Embryos prin preluarea de pachete de actiuni de la cei trei medici fondatori – Andreea Carp – Veliscu, Ionela Anghelescu si Tarig Massawi, care vor ramane actionari minoritari in afacerea pe care au pornit-o in 2018, au anuntat reprezentantii cumparatorului.

Valoarea tranzactiei nu a fost facuta publica de catre partile implicate.

Sub administrarea investitorului financiar Integral Capital Group, Embryos ar urma sa isi intareasca pozitia de lider din piata locala de profil si sa penetreze spatiul disponibil in alte orase din Romania. Mai mult, proaspata achizitie va servi ca ancora pentru strategia Integral de a dezvolta o platforma pan-regionala pe nisa serviciilor medicale dedicate fertilizarii in vitro prin consolidarea unor jucatori similari din pietele invecinate, sustin reprezentantii cumparatorului.

Embryos Fertility Clinic SRL este déjà intr-o etapa de crestere rapida a volumului de afaceri, inregistrand o crestere a cifrei de afaceri de aproape 8 ori de la 4,3 mil. RON in 2020 pana la circa 32,8 mil. RON in 2023, potrivit ultimelor rezultate financiare facute publice. Compania a obtinut in 2023 o marja neta de castig de 25% cu un profit net de peste 8 mil. RON.

Integral Capital Group abordeaza tichete de investitii de capital de pana la 25 mil. Euro pe cont propriu, iar pentru tranzactii mai mari merge alaturi de co-investitori.

Noul fond regional administrat de catre Integral are o capitalizare – tinta de 150 mil. Euro, conform ultimelor informatii publice disponibile.

Managerii fondului de private equity lansat recent pe piata de catre Integral se asteapta ca pana la 20 – 25% din capitalul noului fond, adica undeva intre 30 si 40 mil. Euro, sa fie investit in companii din Romania, conform declaratiilor facute in iunie 2024 in cadrul MIRSANU INVESTORS SUMMIT, eveniment organizat de catre jurnalul de tranzactii MIRSANU.RO.

Integral Capital Group a intrat pe piata locala cu achizitia anuntata in octombrie 2022 prin care a preluat un pachet de 36% din reteaua de clinici Medima Health.

In septembrie 2023, Integral a anuntat achizitia pachetului majoritar de actiuni a  afacerii antreprenoriale de snacks-uri si bauturi O’Fresh.

Pe 19 martie 2024, EBRD a aprobat o finantare de 11 mil. Euro angajata de catre Vending Zone, compania care opereaza afacerea O’Fresh, si sponsorul sau, fondul de investitii Evolving Europe Principal Investments I, administrat de catre Integral.

Finantarea de la EBRD pentru O’Fresh a fost structurata sub forma unei transe de 6 mil. Euro alocata pentru rambursarea creditului – punte legat de achizitia pachetului majoritar al afacerii de catre fondul de private equity administrat de catre Integral, si a unei facilitati de imprumut de pana la 5 mil. Euro pentru a sustine posibile achizitii ulterioare sau alte investitii de capital.

Imprumutul subordonat structural acordat de catre EBRD are scadenta pe termen lung si vizeaza plata la maturitate, conform detaliilor proiectului.

EBRD este alaturi de EIF si IFC investitor in fondul de private equity Evolving Europe Principal Investments I, administrat de catre Integral Capital Group.

Intr-o privire mai larga asupra pietei de M&A, este in crestere numarul fondurilor de private equity care au bani pentru achizitii de companii de talie mica si medie din Romania, pe langa Integral alti manageri regionali de private equity activi la nivel local fiind MidEuropa, Abris Capital Partners, Innova Capital, ACP, Resource Partners, Value4Capital, BlackPeak Capital sau Invenio Partners, dar si jucatori de profil cu un focus orientat preponderent catre investitii in Romania precum Sarmis Capital, Morphosis Capital, Black Sea Fund sau Mozaik Investments.

Sursa foto: Value4Capital.

William R. Watson, Managing Partner of Value4Capital, speaker of MIRSANU DEALMAKERS SUMMIT 2024

William R. Watson, Managing Partner of Value4Capital, is one of the speakers of MIRSANU DEALMAKERS SUMMIT 2024.

Value4Capital is a Poland and Central European focused private equity firm.

Bill began investing in Central Europe in 1992 with the European Bank for Reconstruction and Development (EBRD).

He continued with Baring Private Equity Partners from 1997 and Société Générale Asset Management from 2005.  In October 2011 he and his partners spun-out with the fund raised under the SGAM brand to become Value4Capital. They are currently investing their second independent fund, V4C Poland Plus Fund II.

A Canadian and French citizen, he has been a board member at portfolio companies across central Europe and played an active role in the industry as a member of Invest Europe’s Mid-Market Platform Council from 2012 to 2018 and a member and then Chairman of its Professional Standards Committee.  Bill is currently Chairman of the Invest Europe CEE Task Force.

On December 5, 2024, MIRSANU.RO transaction journal is hosting MIRSANU DEALMAKERS SUMMIT 2024, an OFFLINE event dedicated to the community of corporate transactions – mergers & acquisitions (M&A), financing, capital market transactions, real estate deals and other major corporative transactions.

 

The agenda of this event will be as follows:

09:00 – 09:50 (EET/GMT+2) Registration & Networking

10:00 – 10:45 Panel: Trends

10:45 – 11:30 Panel: Mergers and Acquisitions (M&A)

11:30 – 12:15 Panel: Financing

12:15 – 12:45 Coffee break

12:45 – 13:30 Panel: Capital Markets

13:30 – 14:15 Panel: Private Equity & Venture Capital

14:15 – 15:00 Lunch

15:00 – 15:45 Panel: Real Estate

15:45 – 16:15 Panel: NPL & Debt Management

16:15 – 17:00 Panel: Buyer vs Seller

17:00 Final notes

 

If you are interested in attending this event or making a partnership, please contact us at office@mirsanu.ro

 

About MIRSANU.RO

MIRSANU.RO transaction journal is the first Romanian media product consisting of news, analyses, interviews and opinions exclusively addressing transactions and industry professionals. We provide information on three main areas – mergers & acquisitions (M&A), financing, and capital market transactions. MIRSANU.RO is a B2B (BUSINESS TO BUSINESS) media product exclusively targeting executives, entrepreneurs, business owners, investors and founders, as well as a B2P (BUSINESS TO PROFESSIONALS) product, with information addressing the activity of the professional mergers & acquisitions (M&A) and overall the dealmakers community, consisting of investment fund managers, lawyers, investment bankers, bankers, strategy consultants, auditors, as well as other transaction-related professional service providers.

 

Sursa foto: MCI Capital.

Tomasz Mrozowski, Investment Partner at MCI Capital, speaker of MIRSANU INVESTORS SUMMIT 2024

Tomasz Mrozowski, Investment Partner at MCI Capital, is one of the speakers of MIRSANU INVESTORS SUMMIT 2024.

 

MCI Capital is the largest tech-focused Private Equity fund in Central and Eastern Europe. MCI Capital typically invests EUR 20-100m per deal, with Romania becoming the priority market.

 

Tomasz is focused on investments into software, SaaS, climatech, AI and consumer technologies across the region. He oversees three MCI investments into B2B software platforms.

 

Tomasz brings in extensive operating experience as the CEO of a cloud & infrastructure company 3S, head of M&A and corporate development with PLAY/Iliad as well as almost a decade of projects across multiple sectors with the Boston Consulting Group.

 

He graduated from Warsaw School of Economics, Copenhagen Business School and KAIST Business School in Seoul.

 

On June 27, 2024, MIRSANU.RO transaction journal is hosting MIRSANU INVESTORS SUMMIT 2024, an exclusively ONLINE event for strategic investors, IFIs, Private Equity managers, Venture Capital and corporate venture capital managers, pension funds, asset managers, real estate investors, NPL investors, entrepreneurs and other corporative investors.

 

The agenda of this event will be as follows:

09:00 (EEST) – 09:05 Welcome message from Adrian Mirsanu, Founder of MIRSANU.RO transaction journal

09:05 – 09:45 Investment trends panel

09:45 – 10:30 Venture capital & Corporate venture capital panel

10:30 – 11:30 Private equity & Private credit panel

11:30 – 12:00 Break

12:00 – 12:20 NPL & distressed assets investors panel

12:20 – 13:00 International financial institutions (IFI) panel

13:00 – 13:30 Q&A 1:1 with Raiffeisen Bank about pension funds, asset management and investments

13:30 – 13:55 Real estate investors panel

13:55 – 14:00 Conclusions

 

The event’s partners are Raiffeisen Bank and NNDKP.

If you are interested in attending this event please contact us at: office@mirsanu.ro.

 

About MIRSANU.RO

MIRSANU.RO transaction journal is the first Romanian media product consisting of news, analyses, interviews and opinions exclusively addressing transactions and industry professionals. We provide information on three main areas – mergers & acquisitions (M&A), financing, and capital market transactions. MIRSANU.RO is a B2B (BUSINESS TO BUSINESS) media product exclusively targeting executives, entrepreneurs, business owners, investors and founders, as well as a B2P (BUSINESS TO PROFESSIONALS) product, with information addressing the activity of the professional mergers & acquisitions (M&A) and overall the dealmakers community, consisting of investment fund managers, lawyers, investment bankers, bankers, strategy consultants, auditors, as well as other transaction-related professional service providers.