BlackPeak Capital
BlackPeak Capital is a private equity and venture capital firm established in 2014 and headquartered in Sofia, Bulgaria, with additional offices in Bucharest, Ljubljana, and Vienna. The firm focuses on investing in high-growth small and medium-sized enterprises in Southeast Europe, particularly in Romania, Bulgaria, Slovenia, Croatia, and Serbia. BlackPeak Capital specializes in early and mid-venture investments, mezzanine financing, and hybrid capital, while specifically avoiding sectors such as gambling, logging, and financial institutions. The firm seeks opportunities in niche manufacturing, fast-moving consumer goods (FMCG), information technology, industrials, and healthcare, preferring export-oriented companies or those with unique technology. It typically invests between €4 million and €10 million in each transaction, taking significant minority or majority stakes. BlackPeak Capital also engages in co-investments and raises follow-on equity and debt, with exit strategies that include trade sales or initial public offerings. The firm is supported by the European Investment Fund through the JEREMIE initiative, which focuses on fostering the growth of small and medium enterprises in the region.
Top Stages
Past deals in Balkans
ASTRAL Holidays
Private Equity Round in 2016
ASTRAL Holidays JSC is a prominent tour operator and travel agent based in Sofia, Bulgaria, with a robust portfolio of tourist products and services available both locally and internationally. Established in 1995, the company offers a wide range of travel options, including charter flights, individual and group package tours, cruises, and additional excursions. ASTRAL also provides air ticket reservations, online hotel bookings, car rentals, and transportation services. Specialized travel management services are part of its offerings, catering to corporate clients with activities like conferences, fairs, and event ticketing. Since 2013, ASTRAL has been the exclusive partner of Thomas Cook in Bulgaria, servicing nearly 200,000 incoming tourists annually. Additionally, the company partners with BCD Travel, enhancing its reach in over 110 countries while benefiting from the expertise of a global network.
GGE Bulgaria OOD
Private Equity Round in 2015
GGE Bulgaria OOD is a company focused on providing energy efficiency solutions in Bulgaria and the region. GGE Bulgaria OOD is the Bulgarian subsiduary of GGE d.o.o., a Slovenian company orignaly established by the Gorenje Group and Energetika Ljubljana. The Company is run by a team with significant experience throughout the region in implementing custom energy efficiency solutions for a diversified client base including hotels, industrials, hospitals, municipalities, shopping malls, and others. GGE’s unique proposition stems from its professional service and ability to invest in energy-efficiency assets on its own balance sheet. This provides clients with the ability to repay the initial capex investment over a 5-10 year period only with the savings from the reduced energy bills. The investment will enable GGE Bulgaria to establish a portfolio of ESCO contracts in the country.
Rigana
Private Equity Round in 2015
Rigana is a Bulgarian company specializing in the production and supply of flavoring mixtures, spices, and other combination products for the meat processing industry. With an extensive portfolio of over 50 products across seven categories, Rigana caters to a diverse clientele in the local and regional markets. The company prides itself on its innovative approach to product development, which is facilitated by an in-house laboratory staffed by experienced professionals. This team focuses on creating new recipes and experimenting with improved combinations of spices and additives, ensuring that their offerings align with the latest global trends in the industry.
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