Investment Summary

Black Sea Fund Invests In Theta

On June 1, 2020, growth capital firm Black Sea Fund invested in furniture company Theta

Investment Highlights
  • This is Black Sea Fund’s 1st transaction in the Furniture sector.
  • This is Black Sea Fund’s 1st transaction in Romania.

Investment Summary
Date 2020-06-01
Target Theta
Sector Furniture
Investor(s) Black Sea Fund
Deal Type Growth Capital

Target

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.

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Investor(S) 1

Investor

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 1 of 3
Sector (Furniture) 1 of 1
Type (Growth Capital) 1 of 1
Country (Romania) 1 of 3
Year (2020) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 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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