BlackPeak Capital Invests in Romania’s Senior Care Sector
Bulgarian private equity firm BlackPeak Capital has announced a significant strategic investment in Romania’s Affinity Life Care, a prominent network of elderly care facilities. This move marks BlackPeak Capital’s first foray into Romania’s senior care market and is aimed at bolstering high-growth businesses across Southeast Europe.
Key Takeaways
- BlackPeak Capital invests in Affinity Life Care, Romania’s largest private network of elderly care centers.
- The investment aims to accelerate Affinity Life Care’s expansion and technological advancements.
- This is the first private equity investment in Romania’s senior care sector.
- Affinity Life Care plans to double its capacity and strengthen its market position.
Strategic Partnership and Growth Ambitions
Affinity Life Care operates three centers in key areas of Bucharest, offering a total of over 400 authorized beds. The company provides comprehensive, round-the-clock care and medical recovery services through an integrated model. Its strategy focuses on centrally located facilities to ensure easy access to medical care and facilitate frequent family visits, promoting social integration for residents.
With this new investment, Affinity Life Care intends to double its number of authorized beds and pursue further development nationwide. Dragoș Nicolae Iamandoiu, majority shareholder of Affinity Group, expressed enthusiasm for the partnership, stating, "We are glad to have a partner who shares our values and long-term vision." He added that the investment validates Affinity’s mission and its team’s dedication to elevating elderly care standards in Romania.
BlackPeak Capital’s Investment Strategy
BlackPeak Capital, established in 2014, focuses on deploying investments ranging from €5 to €15 million into rapidly expanding small and medium-sized enterprises (SMEs) throughout Southeastern Europe. The firm targets sectors including IT and software, specialized manufacturing, business services, healthcare, and consumer goods, prioritizing innovation, sustainable growth, and measurable impact.
Virgil Chițu, Romania Lead with BlackPeak Capital, highlighted the significance of this investment, noting, "Affinity is the first private equity fund investment in the elderly care sector in Romania, and this comes with a major responsibility toward current and future residents, employees, and the entire industry." Chițu will also be joining the Board of Directors of the Affinity Group following the transaction. BlackPeak Capital’s portfolio includes notable investments such as Verdino, a plant-based meat producer, and euShipments, a logistics integrator for e-commerce businesses.
