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DBG Eastern Europe announces Romanian buy-out

DBG Eastern Europe's second Central and Eastern European-focused private equity fund has completed its first investment in Romania. DBG has purchased a significant minority stake in Flanco International SRL, a leading Romanian household electricals retailer with over 80 outlets nationwide.

DBG has committed €6.5 million in this transaction. Flanco has annualised sales of over €100 million, with a commanding position on a fragmented Romanian household electricals retail market. DBG joins existing Flanco shareholders Florin Andronescu, the company's founder, and Oresa Ventures, a privately held investment company focusing on private equity investments throughout Central and Eastern Europe.

Established in 1996, DBG is a Central and Eastern European private equity firm focusing on later-stage investments such as expansion financing, management buy-outs and buy-ins and industry consolidation transactions.

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