INVL Baltic Sea Growth Fund signs agreement to acquire the Pehart Group in Romania

INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, has signed an agreement to acquire shares in Pehart Group, a leading producer of household and industrial paper products in Romania and owner of the oldest paper factory in Romania with a 187-year tradition.

The transaction with Abris Capital Partners is expected to be completed in the first quarter of 2025, subject to obtaining the necessary regulatory approvals and fulfilling other conditions stipulated in the agreement.

”In continuing the development strategy of our company, we are looking forward to this new partnership with INVL Baltic Sea Growth Fund. Pehart Group, a Romanian brand with a lasting tradition and a history strongly linked to the beginning of consumer paper processing in Romania, had a remarkable evolution in the past years alongside a valued partner on this journey, and for that we thank Abris Capital Partners. We are ready to leverage the growth opportunities and enhance our market position together with our new partner. We will continue to focus on operational excellence, creating value for consumers and extending our position in the region. The confidence that INVL Baltic Sea Growth Fund has shown in our vision and potential is a testament to the value and performance of our team”, said Gabriel Stanciu, CEO Pehart Group.

"Partnership has always been central to our philosophy, and we’re thrilled at the prospect of collaborating with the Pehart Group’s management team. Upon successful completion of the transaction, Pehart Group will become the tenth portfolio investment of the INVL Baltic Sea Growth Fund, marking a significant milestone in completing the fund’s portfolio. The fund is committed to implementing strategies that drive operational excellence, create long-term value for all stakeholders and build industry leaders in the region. We are excited to support the management team in strengthening Pehart Group’s market leadership and driving its next phase of growth”, – said Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund.