EI opens an office in Romania
Warsaw, 7 September 2004 — Enterprise Investors opened its Representative Office in Bucharest, Romania. The company has been present as an investor in Romania for five years now. In 1999 it invested in Orange Romania, the largest Romanian mobile telephone operator.
Romania is the second largest market in the CEE, with a fast growing economy and a thriving private sector. The country plans to join the European Union in 2007. We think that this means there will be opportunities for private equity investments, so we decided to extend our presence in Romania by opening a Representative Office in Bucharest. – Jacek Siwicki, managing partner of Enterprise Investors, responsible for EI’s investment strategy in Romania and the whole of Central Europe.
Enterprise Investors is the largest private equity firm in Central Europe. Active since 1990, it is the investment manager for five funds, with $1.1 billion under management. The funds managed by Enterprise Investors have invested and committed $816 million in 95 businesses in Poland, Romania, Slovakia and Bulgaria. They have completed 70 exits and returned $739 million to investors at superior rates of return.