M&A Deal Summary

Black Sea Fund Acquires DigiRay

On December 1, 2020, growth capital firm Black Sea Fund acquired healthcare services company DigiRay

Acquisition Highlights
  • This is Black Sea Fund’s 1st transaction in the Healthcare Services sector.
  • This is Black Sea Fund’s 2nd transaction in Romania.

M&A Deal Summary
Date 2020-12-01
Target DigiRay
Sector Healthcare Services
Buyer(s) Black Sea Fund
Deal Type Buyout (LBO, MBO, MBI)

Target

DigiRay

Cluj-Napoca, Romania
DigiRay owns the main network of maxillofacial imaging and digital dental techniques in Romania. It operates 11 centres located mainly in the western part of Romania. DigiRay was established in 2008 and is based in Cluj-Napoca, Romania.

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Buyer(S) 1

Buyer

Black Sea Fund

Category Growth Capital Firm
Founded 2018
PE ASSETS 43M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Black Sea Fund is a private investment firm focused on acquiring minority or majority positions in mid-sized Romanian companies. The Firm looks to commit €3 to €6 million in profitable, growth-oriented companies with €5 to €50 million of revenue. Black Sea is a generalist investor however it focuses on fragmented industries with opportunities for consolidation. Black Sea Fund was formed in 2018 and is based in Gravenhage, the Netherlands.

DEAL STATS #
Overall 2 of 3
Sector (Healthcare Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
Country (Romania) 2 of 3
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Theta

Bucharest, Romania

Theta is a manufacturer of custom-made furniture and the supply of standard furniture imported from reputable international manufacturers to the installation of ceilings, floors, furniture and partitions, as well as the installation of power and communication cabling, and internet connectivity. Theta was founded in 2008 and is based in Bucharest, Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Roovi

Covasna, Romania

Roovi offers to its customers high quality games and toys with important educational value. The company produces educational games, board games and puzzles dedicated to children between 3 and 14 years, among the most famous brands in the portfolio being Jocul Autostrăzilor, Animale din România, Alias, Capitalism Original, Șapte dintr-o lovitură, Bătălie Navală, Dacii și Romanii. Roovi is based in Covasna, Romania.

Buy -
Mergr

Product

Company

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