The European Bank for Reconstruction and Development (EBRD), CEECAT Capital, and Morphosis Capital Fund II signed an agreement to become the majority shareholder in the local retailer La Coco\u0219, owned by Romanian entrepreneurs Iulian and Gianina Nica. The partnership targets an accelerated expansion of the retailer\u2019s footprint across Romania.<\/p>\n
The collaboration aims to develop the La Coco\u0219 network by opening a double-digit number of new locations over the next four years.<\/p>\n
Founded in 2014, La Coco\u0219 is a Romanian discount retailer currently operating three locations in Ploie\u0219ti and Bucharest. The company recorded an annual sales growth of 24% between 2018 and 2022, reaching EUR 200 million in revenues in 2023.<\/p>\n
Iulian Nica, founder and CEO of La Coco\u0219, said: \u201cAfter nearly a decade of activity, we have realized that to expand nationally, we need significant investments, without which our expansion could take over 15 years. As the founder of La Coco\u0219, this transaction provides us with the financial resources and expertise necessary to rapidly expand our network by a double-digit number of locations over the next four years.\u201d<\/p>\n
Tamas Nagy, Co-Head of EBRD Private Equity, stated: \u201cWe are pleased to support the growth and expansion of La Coco\u0219 in Romania alongside co-investors Morphosis Capital and CEECAT Capital. Food retail is one of the most active areas of investment for EBRD, and this investment is a great opportunity for the Bank to support the scaling up of an innovative retail business model in an attractive market of Romania, championed by a strong and reputable entrepreneur, Iulian Nica.\u201d<\/p>\n
According to the company, the investment made by the partnership between EBRD, CEECAT Capital, and Morphosis Capital comes at a crucial moment for the expansion of La Coco\u0219. The discount retail sector is the most dynamic segment of the grocery retail market in Romania, with high growth potential in the coming years.<\/p>\n
\u201cWe are excited to support La Coco\u0219 as it expands its geographic presence in Romania. Iulian and his team have developed a unique and successful format, and with our collective investment, we believe La Coco\u0219 can grow into a national champion and regional leader in its sector,\u201d said Anthony Stalker, Partner of CEECAT Capital and Chairman of the Investment Advisory Committee.<\/p>\n
\u201cWe are thrilled to invest in La Coco\u0219, a local entrepreneurial success story that has demonstrated its remarkable performance in the Romanian\u00a0retail\u00a0market. This investment, a second one for Morphosis Capital Fund 2, will support the rapid expansion of the La Coco\u0219 network nationwide. Our shared vision with CEECAT Capital and EBRD is to develop a chain of stores that meets the needs of both B2B and B2C clients and for La Coco\u0219 to become a reference point for consumers across the country, thus contributing to economic growth and strengthening the\u00a0local\u00a0economy,\u201d stated Simona Gemeneanu, Partner at Morphosis Capital.\u00a0<\/p>\n
La Coco\u0219 currently runs three stores in Ploie\u0219ti and Bucharest and announced plans to open a fourth location in Bra\u015fov, followed by a fifth in Pite\u015fti.<\/p>\n
irina.marica@romania-insider.com<\/p>\n
(Photo source: the company)<\/p>","protected":false},"excerpt":{"rendered":"
The European Bank for Reconstruction and Development (EBRD), CEECAT Capital, and Morphosis Capital Fund II signed an agreement to become the majority shareholder in the local retailer La Coco\u0219, owned by Romanian entrepreneurs Iulian and Gianina Nica. The partnership targets an accelerated expansion of the retailer\u2019s footprint across Romania. The collaboration aims to develop the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1385","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1385"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1385\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}