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Banca Transilvania, Part of the Consortium Financing INVL Baltic Sea Growth Fund with over EUR 150 Million

July 14, 2025 Reading Time 2:00 minutes

Banca Transilvania, together with International Finance Corporation and ING, is part of the consortium granting over EUR 150 million financing for INVL Baltic Sea Growth Fund, coupled with sustainability objectives, to complete the investment in Pehart Group and the company's development.

The transaction between INVL Baltic Sea Growth Fund and Abris Capital Partners, the independent private equity fund that previously owned Pehart Group, was concluded on July 11, 2025.

With a 187-year tradition, the Pehart Group is one of the largest paper manufacturers in South-Eastern Europe. The company strengthened its market leadership in 2024, by streamlining production, making strategic investments and diversifying its product range. 

This partnership reflects our ongoing commitment to support our clients' strategic plans and to provide smart financial solutions, tailored to their needs in a strategic sector. Thus, we are proud to support Pehart in their plan for sustainable growth and to consolidate their position as a leading player on the regional market.

Cosmin Călin
Senior Executive Director of Large Corporate Clients, Structured Finance and Factoring
Banca Transilvania

With the completion of the transaction with INVL Baltic Sea Growth Fund, we are honoured to join the leading private equity fund in the Baltics and benefit from its vision and expertise. We see this partnership as an opportunity to accelerate our development plans and strengthen Pehart Grup's position as a regional leader in the paper products industry. We will continue to invest in cutting edge technologies, diversify our product portfolio and expand our presence in international markets. We thank our previous partners, Abris Capital Partners, for their support in achieving our growth objectives in the past years. We look confidently to the future and are ready to capitalize on new opportunities together with INVL Baltic Sea Growth Fund.

Gabriel Stanciu
CEO
Pehart Group

For Banca Transilvania, this financing is part of a long-standing partnership with Pehart Grup and, at the same time, the beginning of a collaboration with Invalda INVL Fund, an active player on the Romanian investment market, present in strategic sectors such as renewable energy and forestry.

Press contact

comunicare@btrl.ro

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