ROMANIA – Enterprise Investors in EUR 66m MBI of Profi Rom

Enterprise is no stranger to the Romanian supermarkets business, having previously owned the country's largest chain, Artima, for three years. The investor backed the business in 2004 before selling it in 2007 to French retailer Carrefour for more than 3x money, having tripled net sales during the holding period.

Profi Rom was founded in 2000 and has grown into one of Romania's largest supermarket chains, now operating 65 stores in 47 cities across the country. Revenues stood at RON 440m (EUR 150m) last year, and are expected to reach RON 600m this year, a 40% increase. The buy-in includes the businesses Profi Rom, Albinuta Shops and DT Logistic.

Christian Nacu and Sebastian Krol worked on the deal for Enterprise. Grieb joins from Kaufland Romania.

PricewaterhouseCoopers was the vendor's lead adviser, while Radu Taracila Padurari Retevoescu worked with Allen & Overy on legals. Enterprise was advised by Ernst & Young and Schoenherr si Asociatii.

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