“The level of investments can be explained by the insistence of entrepreneurs not to reconsider the evaluations of their own companies in real terms,” Luke said. However, at least 10 transactions with a total value of some €150 million are to be made by year-end, according to estimates by certain administrators of PE funds, who were present yesterday at the annual SEEPEA conference.
These administrators further indicated that the investment potential of Romanian funds has not been affected by the international financial crisis, because these funds have liquidities and are less dependent on bank loans.
“We are analyzing three-five transactions, worth €10-15 million each, and one of these could be made this year by our fund or by one of the companies owned by our fund,” said Sebastian Tcaciuc, Manager of the Advent International investment fund.
