ORESA, the investment company with Swedish roots, has announced today two changes in its management team, as part of the strategy to increase the focus and financial commitment for Romania long term.
Laurentiu Ispir, who has been an Investment Officer and Investment Director with ORESA for the past 10 years, was now promoted Managing Director and together with Cornel Marian will coordinate ORESA’s activities.
Vlad Tabacu, an Investment Analyst and Officer with ORESA for the past 5 years, was now promoted Investment Director.
“The two promotions reflect ORESA’s increasing commitment for Romania. Our portfolio consists now of 5 companies, with a consolidated turnover of more than EUR 130 million, and with more than 1,000 employees. During the next years we plan to further support growth in our companies and also make new investments with the ambition to increase our portfolio to 7-8 companies. The new structure of the management team reflects the magnitude of our objectives for Romania and our continued long term commitment to the country”, said Fredrik Stenmo, the Chairman of ORESA’s Advisory Board.
“I congratulate Laurentiu and Vlad for their new roles and I’m looking forward to this next phase in ORESA’s development and to new successful investments in Romania”, said Cornel Marian, the Managing Director of ORESA.
ORESA is active in Romania since 1997 and during the years has invested more than EUR 100 million in the country, in well know companies such as LaFantana, Medicover, Credisson, Brewery Holdings or Flanco. ORESA’s current portfolio consists of five companies that are market leaders in their sectors: Fabryo-Atlas Paints, Somaco, RTC, Romanian Business Consult and Kiwi Finance.
ORESA originally had activities in several CEE countries but in 2013 decided to focus on Romania due to the strong market position and track record in the country. ORESA’s investment strategy is to develop, together with strong entrepreneurs and management teams, market leading companies in favorite sectors such as business services, financial services, construction materials, FMCG or retail & distribution.
“ORESA has been, during the years, one of the most active and successful private equity players in Romania. We have one of the largest investment team in the market, a wide portfolio of companies and a continuous process of looking for ne w investments”, said Cornel Marian.
ORESA has also launched its new website (www.oresa.com) reflecting the new strategy.