Axxess launches new fund covering Romania and region.

By bne IntelliNews October 4, 2010
Axxess Capital, the manager of Romanian American Enterprise Fund and Balkan Accession Fund, announced plans to launch a third private equity fund with a target invested value of EUR 150mn (of which EUR 94mn were already raised, according to Ziarul Financiar daily) to operate in the region, mainly Romania, Bulgaria and Turkey. The fund, named EEAF, will invest in private firms operating in B2B services, production, logistic, distribution, financial services, healthcare and IT&C with some EUR 5mn-20mn per project. The main investors in the fund so far are the EBRD, the European Investment Fund, Swiss institutional investor Acquina Partners, Black Sea Trade and Development Bank and German investment fund DEG; individual US investors also contributed.

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss