Investment in Romanian public lighting company
CEE Equity Partners (“CEE Equity”), the Investment Advisor to the China Central and Eastern Europe Investment Co-operation Fund (the “Fund”), is pleased to announce the completion of an investment by the Fund in Flash Lighting Services S.A.(“Flash”).
Flash is the market leader in design and implementation of energy-efficient lighting solutions in Romania.
The Fund has acquired a majority shareholding through a partial buy-out of existing shareholders and will provide additional capital to support future growth.
Flash aims to grow its footprint in Romanian municipal lighting and to increase energy efficiency contracts with commercial customers.
The founder of Flash will remain as CEO. As well as directing the successful business in Romania, he will develop a regional platform in CEE markets together with Javna Razsvetljava, the Fund’s lighting investment in Slovenia.