ROCA Investments has completed the sale of Frigotehnica to VINCI Energies

ROCA Investments, an Impetum Group brand, announces the completion of the transaction through which it sells Frigotehnica, national and regional leader on the cold solutions market, to VINCI Energies, the Romanian holding company of the giant VINCI, world leader in construction and energy. The transaction was approved by the Council Competition and all conditions were met by the parties involved, so the transaction was completed on November 26, 2021.

“As in any breakup, the emotional charge is intense. We are proud to have completed this first exit with an important global player, fulfilling the mission of ROCA Investments to take the companies we invest in to the next level, a mission that will continue even after the completion of this transaction. Refrigeration will begin a new chapter of development with the aim of becoming a center of excellence in the cold in Central and Eastern Europe. Frigotehnica’s performance in recent years is a “certificate” of our business and investment philosophy, which involves skin & soul in the game. We thank all our colleagues and partners for the professionalism they have shown throughout this process ” said Ionut Bindea (photo), Investment Manager ROCA Investments, Chairman of the Board of Directors Frigotehnica.

Frigotehnica was among the first companies in which ROCA Investments invested in 2018. The investment marked the beginning of a period of financial restructuring, operational and efficiency on all levels of business, as a result of which the company became a leader in the refrigeration industry both nationally as well as regionally. If in 2018, Frigotehnica had a turnover of € 18 million, was over-indebted and recorded a loss, now Frigotehnica has a turnover of over € 32 million and has spectacular growth prospects.

“The Frigotehnica exit was a complex and intense process, an endurance test managed with passion and perseverance by the ROCA Investments and Frigotehnica teams, the closing of the investment circle being a performance of the extended team. Beyond the figures and values ​​of the transaction, the fact that at the other end was a global player of Vinci’s level and scope imposed a very high standard of transparency, compliance and rigor throughout the process and negotiations, which for us are landmarks that they will guide us in everything we do, ” said Mirela Metea, Head of Legal and member of the Board of Directors of ROCA Investments.

Exits do not define the ROCA Investments business model, but are achieved when the maximum level of input as an investor has been reached in a company. ROCA Investments’ strategy is sustainable development and long-term support for the company, and all business decisions are aligned with it. Moreover, the social component of the project and the educational one builds more than that. ROCA Investments creates an ecosystem designed to contribute to the development of entrepreneurial culture, the recovery of the business environment and the training of a new generation of managers.

In this transaction, ROCA Investments was assisted by consultants Reff & Asociații and Lamontis.