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Investments

1

Funds

1

About Black Sea Fund

The Black Sea Fund targets small to medium sized businesses with annual revenues of EUR 5 to 50 million.

Black Sea Fund Headquarter Location

Romania

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Latest Black Sea Fund News

Black Sea Fund names Iulian Portasa, a private equity professional with more than 10 years M&A experience, as Partner

Oct 6, 2021

Black Sea Fund names Iulian Portasa, a private equity professional with more than 10 years M&A experience, as Partner Black Sea Fund, an investment fund aiming to accelerate small and medium enterprises in Romania, with a capital of over EUR 43 million, names Iulian Portasa, aged 33, former Senior Deal Advisory at KMPG, as Partner. Iulian will continue to be responsible for the entire investment process, from detailed analyses and preliminary negotiations to leading due diligence processes and successful transaction closing. Iulian will also continue to support portfolio companies in their growth process, in his role in the Board of Directors for DigiRay and D-Toys, which are recent investments of Black Sea Fund. Iulian has led the trading and negotiation stages with Theta, DigiRay and D-Toys. Iulian Portasa has over 10 years of experience in M&A transactions in various fields, such as technology, energy and natural gas, health and manufacturing. His most recent role has been as Senior Manager in the KPMG Deal Advisory team, where he was involved in several significant transactions and projects in the local economy. Iulian has also set up and scaled a financial modeling group at KPMG, and contributed as an author to the financial modeling component of “Financial Management: Turning Theory into Practice”, a book published by Oxford. “I am excited about this new professional stage and my future with Black Sea Fund, one of the few Romanian private equity funds of this caliber. And I am all the more excited about the opportunity to continue building and strengthening new partnerships with successful entrepreneurs, partnerships in all respects, beyond numbers”, said Iulian Portasa, the new Black Sea Fund partner. Read more about

Black Sea Fund Investments

1 Investments

Black Sea Fund has made 1 investments. Their latest investment was in Theta as part of their Private Equity on July 7, 2020.

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Black Sea Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/8/2020

Private Equity

Theta

Yes

1

Date

7/8/2020

Round

Private Equity

Company

Theta

Amount

New?

Yes

Co-Investors

Sources

1

Black Sea Fund Acquisitions

1 Acquisition

Black Sea Fund acquired 1 company. Their latest acquisition was D-Toys on September 08, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/8/2021

Acq - Fin

4

Date

9/8/2021

Investment Stage

Companies

Valuation

Total Funding

Note

Acq - Fin

Sources

4

Black Sea Fund Fund History

1 Fund History

Black Sea Fund has 1 fund, including Black Sea Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Black Sea Fund I

$48.67M

1

Closing Date

Fund

Black Sea Fund I

Fund Type

Status

Amount

$48.67M

Sources

1

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