INVL Baltic Sea Growth Fund completes acquisition of Pehart Group in Romania

Business Forum

14 July, 2025 at 9:28 AM

INVL Baltic Sea Growth Fund has completed the purchase of Pehart Group, a producer of household and industrial paper products in Romania, from Abris Capital Partners.

The acquisition was supported by a financing package exceeding €150 million provided by a consortium including IFC, BT, and ING Bank Romania.

This funding also includes a significant sustainable linked component to support the further development of Pehart Group.

Gabriel Stanciu, CEO of Pehart Group, said: "We will continue to invest in cutting edge technologies, diversify our product portfolio and expand our presence in international markets."

Equity for the deal was provided by the INVL Baltic Sea Growth Fund and co-investing investors via INVL BSGF Co-Invest Fund II.

Pehart Group generated revenues of €165 million in 2024 and employed nearly 550 people.

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