BlackPeak Capital has held the final closing of the Southeast Europe Growth Equity Fund at €126 million, surpassing the fund’s original target of €120 million.
BlackPeak Southeast Europe Growth Equity Fund is based in Luxembourg and is backed by the European Investment Fund, the EBRD, the IFC, Erste Asset Management, and leading regional pension funds.
The fund has already invested in two companies – Verdino, a leading regional meat replacement producer, and euShipments, a leading regional integrator of logistical services for e-commerce shops. The Fund targets growth equity investments of €5-15 million in dynamic SMEs in Bulgaria, Romania, Slovenia, Croatia, and Serbia.
The fund focuses on partnering with the region’s outstanding entrepreneurs who have the ambition to build world-class companies on the basis of continued innovation, organic growth, and add-on acquisitions. The Fund has a generalist sector approach with strong preference for IT/software, niche manufacturing, business services, healthcare, and consumer sectors.
The Fund builds on the successful track record of BlackPeak Fund I, which invested in 12 companies, including in global innovation leaders such as Walltopia, International Power Supply, Software Group, Digitall, and others.
