EY assisted Morphosis Capital in acquiring a minority stake in EnduroSat

Business Forum
EY's Strategy and Transactions and Transaction Tax teams from Romania and Bulgaria provided Morphosis Capital with financial and tax due diligence services in relation to the acquisition of a minority stake in EnduroSat.

Morphosis Capital Fund II, a growth capital fund focused on developing high-growth SMEs, announces its first investment outside Romania by taking a minority shareholding position in EnduroSat, a leading European provider of high-end satellites and space services. The investment is part of a broader funding round aimed at accelerating EnduroSat's expansion and continued innovation in the rapidly evolving “New Space” industry.

This acquisition marks the third transaction for Morphosis Capital Fund II, having committed to deploy over 30% of the Fund's investable capital within the first seven months of the first closing of the fund. The EnduroSat investment follows investments in Mark Twain International School and La Cocos, further demonstrating the fund's commitment to diversifying its portfolio across multiple sectors.

With a mandate to support entrepreneurial success stories across the Central and Eastern Europe and a total committed capital of over €100 million, Morphosis Capital Fund II continues to seek investment opportunities in healthcare, technology, niche manufacturing, consumer products and retail, and B2B services, with a focus on companies demonstrating strong operational performance and scalability.

Financial assistance was coordinated by EY Romania, Peter Latos, Partner, leader of the Strategy and Transactions department, and Alexandru Onțică, Director, Transactions & Corporate Finance. Evguenia Tzenova, Partner, Tax Assistance, EY Bulgaria, and Svetlana Stoilova, Senior Manager, Tax Assistance, EY Bulgaria provided tax assistance.

“EY's financial and tax expertise was instrumental in facilitating our investment in EnduroSat, ensuring a well-structured and efficient transaction. Expanding beyond Romania and entering high-growth sectors like the New Space industry requires thorough analysis and a deep understanding of local and international market dynamics. Their support provided us with the confidence to navigate the complexities of this cross-border transaction and align the investment with our long-term growth objectives”, said Simona Gemeneanu, Partner, Morphosis Capital.

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Business Forum  |  9 June, 2026 at 3:30 PM
Business Forum  |  9 June, 2026 at 2:29 PM