Value4Capital, an investment fund from Poland and Central Europe, in a deal to take over Clarfon, the largest chain of stores for hearing aids and related ENT equipment in Romania.
“Investment funds’ interest in Romanian entrepreneurial companies has been growing in recent years, as they have matured and strengthened their positions on the market. The acquisition of Value4Capital will bring Clarfon to a new stage of development. We are pleased to have contributed to the successful completion of this transaction and thank Value4Capital for the trust placed in our team,” said Dinu Bumbecea, Managing Partner of PwC in Romania.
The PwC team in Romania, which provided commercial due diligence services, was formed by Dina Bumbecea, Country Managing Partner, Diana Demakush, Senior Manager and Diana Vaduva, Senior Manager.
“Clarfon is Value4Capital’s second investment in Romania from the current fund, following the GoMag investment made in 2022. PwC Romania supported us in both investments with commercial due diligence reports that highlighted key aspects of the market and operational dynamics of the analyzed companies,” said Bohdan Cirice, Partner at Value4Capital. “Their work provided us with clear and interesting perspectives both internationally and to the local competitive environment, which was important to support our investment thesis for both Clarfon and GoMag,” he added.
Bill Watson, Managing Partner of Value4Capital, concluded: “We appreciate PwC’s work, which has provided us with a strong foundation and understanding to develop our post-investment growth strategy. The investment made in Romania demonstrates Value4Capital’s commitment to this market and our desire to help Romanian companies become bigger and better companies.”
Value4Capital is a private equity firm with over 25 years of experience in the region, focused on investing in mid-market companies in Central Europe.
About PwC Romania
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Article supported by PwC Romania
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.