SOFIA (Bulgaria), Nov. 5 (SeeNews) – Bulgaria-based private equity firm BlackPeak Capital, through the BlackPeak Southeast Europe Growth Equity Fund, has purchased a minority stake in the Romanian-based meat substitute company of Verdino Green Foods plants, Verdino said.
The capital provided should allow Verdino to accelerate its growth and support its international expansion, Romanina said in a press release.
The Romanian company’s goal is to increase sales to 100 million euros ($ 115.7 million) over the next five years, he added.
“This represents great recognition for all of Verdino’s achievements so far and, more importantly, will accelerate the new chapter in Verdino’s growth, both in the EEC [Central and Eastern Europe] and around the world, ”said Eberhart Raducanu, co-founder and CEO of Verdino.
Founded in 2014, BlackPeak Capital targets growth equity investments of € 5-10 million in the fastest growing SMEs in Romania, Bulgaria, Slovenia, Croatia and Serbia. The company operates from four regional offices in Sofia, Bucharest, Ljubljana and Vienna.
The Verdino product line includes burgers, cevapcici, hash, cold cuts, sausages, salami, hot dogs, coconut oil cheeses, pizzas and plant-based specialties such as pistachio mortadella, pepperoni and bacon.
($ = 0.8645 euro)