PNSA Advises Dedeman on Establishment of EquiLiant Capital Project

PNSA Advises Dedeman on Establishment of EquiLiant Capital Project

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Popovici Nitu Stoica & Asociatii has advised Dedeman on the establishment of EquiLiant Capital Project, a private equity fund that will target small and medium-sized enterprises in Romania.

According to PNSA, the fund will be managed by Laurentiu Ciocirlan, the former head of the investment department at Raiffeisen, who spent the past 15 years at the bank.

The fund will be fully financed by Paval Holding, a company founded in 2018 that is 60 percent owned by Dragos Paval and 40 percent owned by his brother, Adrian, both owners of Dedeman. 

“We believe that it’s the right moment to address this segment, which has too few options for development, despite the fact that they are the most dynamic and promising category in the Romanian economy,” said Dragos Paval, who also noted that the project will be to be the first Romanian-capital private equity fund dedicated to “supporting local companies to both consolidate their presence on the Romanian market and expand in the region.”

The PNSA team consisted of Partners Florian Nitu, Alexandru Ambrozie, and Valentin Creata and Managing Associate Ela Marin.

Editor's Note: The article was updated to correct the list of PNSA lawyers who worked on the deal.