GED

GED is an independent private equity group founded in 1996, operating primarily in the Iberian Peninsula and South-Eastern Europe. With a focus on the middle market, GED manages over €300 million across several private equity vehicles, engaging in both private equity and private equity-real estate sectors. The firm seeks to maximize portfolio value through a buy-and-build strategy, targeting medium-sized companies in Romania, Bulgaria, Spain, and Portugal that have the potential to become regional leaders. GED also pursues opportunistic real estate investments in South-Eastern Europe, emphasizing sectors such as communication, transport, energy, and mobility. The firm has established a strong track record in these regions, supported by offices in Madrid, Seville, Bucharest, Sofia, and Oporto. Additionally, GED manages specialized funds that target specific sectors, including healthcare technology, renewable energy, and consumer products, investing in companies with defined financial profiles.

Rafael Lopez Armenta

Partner

Jorge Juliani Aznar

Partner

Josep Bono

Associate

Enrique Centelles Echeverria

Chairman

David Velazquez Gomez

Partner

Javier Gonzalez

Operating Partner

Maria Torrecillas Gonzalez

Investment Director

Félix Guerrero

Founding member and Vice Chairman

Víctor Macías Hernández

Partner

María Jesús San Pablo

Partner

Joaquim Lopes

Managing Partner

Nuria Oses Mugica

Partner

Victoriano de Navarrete

Managing Partner

Enrique Satrústegui

Managing Partner, Private Equity

Rafael Trebolle

Partner

Juan Puertas Vázquez

Partner, Finance Director and Investor Relations

Past deals in Bulgaria

Infopress Group

Acquisition in 2010
Infopress Group S.A. is a printing company based in Odorheiu Secuiesc, Romania, specializing in high-volume publications and commercial products. Established in 1990, the company offers a comprehensive range of services, including pre-press, printing, finishing, and integrated mailing. It focuses on publication printing for color magazines and commercial printing for various industries, such as retail, furniture, and telecommunications. Infopress also provides printing for catalogs, advertising materials, and specialized products like personalized and shrink-wrapped items. The company serves a diverse clientele across Romania and several European countries, including Germany, the Netherlands, Belgium, France, Ukraine, Bulgaria, Serbia, and Hungary. Infopress Group has achieved a prominent position in the market by investing in advanced technologies.

Happy Tour

Acquisition in 2007
Happy Tour is a company dedicated to business and leisure travelers. The agency has its own network of associated agencies, which are developed at national and international level. Currently, the Happy Tour agency has a network of 64 affiliates and 84 outlets in 50 cities in Romania, Bulgaria and Moldova, and since 2015 Happy Tour has offices in Turkey.

Fama

Acquisition in 2007
FAMA produces and distributes under its own label and also distributes international Premium brand products. The company is located in the Varna region.