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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romanian PE fund ROCA buys 30% in industrial pumps manufacturer

Romanian private equity fund ROCA Investments, specialized in distressed assets, has acquired a 30% stake in industrial pumps manufacturer Mecanex, based in Botosani, northeastern Romania.

ROCA wants to develop an investment plan of over EUR 1 million to turn Mecanex into a regional player in the irrigation systems market.

Mecanex estimates business of RON 10 mln (EUR) in 2020 and has over 100 employees, producing over 300 industrial pumps annually. The company owns one of Romania's largest foundries and is the only national manufacturer of industrial pumps with application in agriculture, mining, construction, water supply, energy, and naval.

"Mecanex is a stable company, with fantastic potential, profiled on a niche field, which enjoys an expanding market almost without limits. We are at a point where the company is ready to move to the next level, and the partnership with ROCA is the force we need to get there," said Mecanex CEO Ciprian Bidasca.

The objective of ROCA Investments is to take Romanian companies to the next level while supporting them to overcome the difficult period for the Romanian economy caused by the pandemic. Its latest deal involved a fish farm. ROCA took over an unspecified stake in fish farm Piscicola, in northwestern Romania, following a EUR 600,000 investment. The transaction approaches completion.

In June, the investment fund was negotiating four to five new projects, one of which was in the final stage, according to Rudolf Vizental, CEO ROCA Investments. ROCA has set a target of ten deals for the whole year.

andrei@romania-insider.com

(Photo source: the company)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romanian PE fund ROCA buys 30% in industrial pumps manufacturer

Romanian private equity fund ROCA Investments, specialized in distressed assets, has acquired a 30% stake in industrial pumps manufacturer Mecanex, based in Botosani, northeastern Romania.

ROCA wants to develop an investment plan of over EUR 1 million to turn Mecanex into a regional player in the irrigation systems market.

Mecanex estimates business of RON 10 mln (EUR) in 2020 and has over 100 employees, producing over 300 industrial pumps annually. The company owns one of Romania's largest foundries and is the only national manufacturer of industrial pumps with application in agriculture, mining, construction, water supply, energy, and naval.

"Mecanex is a stable company, with fantastic potential, profiled on a niche field, which enjoys an expanding market almost without limits. We are at a point where the company is ready to move to the next level, and the partnership with ROCA is the force we need to get there," said Mecanex CEO Ciprian Bidasca.

The objective of ROCA Investments is to take Romanian companies to the next level while supporting them to overcome the difficult period for the Romanian economy caused by the pandemic. Its latest deal involved a fish farm. ROCA took over an unspecified stake in fish farm Piscicola, in northwestern Romania, following a EUR 600,000 investment. The transaction approaches completion.

In June, the investment fund was negotiating four to five new projects, one of which was in the final stage, according to Rudolf Vizental, CEO ROCA Investments. ROCA has set a target of ten deals for the whole year.

andrei@romania-insider.com

(Photo source: the company)

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