Banca Transilvania joins Morphosis Capital’s fund dedicated to SMEs

Sorin Melenciuc 12/02/2019 | 15:03

Banca Transilvania, the biggest bank in Romania in terms of assets, has joined Morphosis Capital, a fund founded by Romanian entrepreneurs dedicated to local small and medium enterprises (SME).

Last year, Morphosis Capital launched MC Fund I (MCFI), having as an anchor investor the European Investment Fund (EIF), through the Regional Operational Program, co-financed by the European Regional Development Fund.

Morphosis Capital aims to invest at least EUR 5 million per transaction in successful Romanian SMEs operating in areas like consumer goods, medical services, technology and B2B services, companies with an EBITDA of at least EUR 1 million.

“BT’s strategic priority is to finance the Romanian economy, being our main pillar of activity and competence, as we benefit from a 25-year experience in interacting with the local businesses. Our involvement in Morphosis Capital Fund I is another proof of our appetite for alternative financing solutions to help capitalize and develop local businesses,” said Omer Tetik, CEO of Banca Transilvania.

Morphosis Capital, a private equity firm, was founded by a team of four Romanian entrepreneurs: Andrei Gemeneanu, Simona Gemeneanu, Gabriela Dumitru and Dragoş Petre.

In order to contribute to the growth and development of medium-sized Romanian businesses with a strong foundation and potential for international development, the four entrepreneurs set up in 2018 the private equity fund MCFI, whose main investor is the European Investment Fund.

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