INVL Baltic Sea Growth Fund finalizes acquisition of Romania’s Pehart Group

INVL Baltic Sea Growth Fund has completed its acquisition of Pehart Group, a Romanian producer of household and industrial paper products. The transaction was supported by a financing package exceeding EUR 150 million, provided by a consortium that includes the International Finance Corporation (IFC), Banca Transilvania, and ING Bank Romania. The financing includes components linked to sustainability objectives.
Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund, stated that the fund plans to support Pehart Group’s management with investments aimed at expanding manufacturing capacities and pursuing potential acquisitions to strengthen the company’s market position in the region.

Gabriel Stanciu, CEO of Pehart Group, said that joining forces with INVL Baltic Sea Growth Fund presents an opportunity to advance the company’s development plans and enhance its standing in the paper products industry. He noted that Pehart intends to continue investing in new technologies, diversify its product range, and expand its operations in international markets. Stanciu also expressed appreciation for the support provided by Pehart’s previous partner, Abris Capital Partners, during recent years of growth.