EBRD invests in Romanian supermarket chain
The EBRD is joining forces with Mid Europa Partners to strengthen Romanian supermarket and convenience chain Profi Rom Food S.R.L. by providing a €25 million equity investment. Profi operates around 523 stores in more than 272 localities throughout Romania. The EBRD’s financing will support a further expansion of the network, particularly into the country’s smaller towns.
Mid Europa Partners, a private equity firm focused on CEE and SEE, acquired 100 per cent of the shares in Profi Rom Food from Polish Enterprise Fund VI in November last year. Mid Europa Partners is a leading buyout investor with over €4.6 billion of funds raised and managed since inception and is a long-standing partner of the EBRD.
This new financing follows a previous €25 million EBRD loan which supported the company’s growth through improved competitiveness.
The EBRD is a leading institutional investor in Romania, with investments of more than €7.3 billion in 384 projects to date. In addition, the Bank has mobilised more than €14 billion in investment from other sources of financing in Romania alone.