GED buys Révai Printing House

Spain-based GED intends to merge Révai with its Romanian portfolio company Infopress Group. It invested in excess of €15m in both companies.

GED acquired a 92% stake in Romanian printing services provider Infopress Group in May 2010. The transaction saw GED invest more than €12m in the deal as part of a capital increase to repay suppliers and lenders and to provide the company with some liquidity for growth.

The investor believes the merger will contribute to the modernisation of Révai Printing House.

Debt
Information on leverage for this transaction has not yet been disclosed.

Company
Founded more than 150 years ago, Révai Printing House is Hungary's largest printer in terms of turnover. It currently employs 250 people in Budapest and Fot and posted a €42m turnover in 2010.

Infopress was established in Odorheiu Secuiesc, Romania, in 1992. The company is mainly active in the printing of magazines and commercial brochures.

The combined group will generate revenues in the region of €80m and employ around 500 staff.

People
Catalina Dan and Nuria Oses handled the deal for GED.

Adviser
Equity - DLA Piper Hungary (Legal, tax); Ernst & Young (Financial due diligence).

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