Dedeman’s Paval brothers set up equity fund to invest in SMEs

Brothers Dragos and Adrian Paval, the owners of Dedeman, a company estimated to be worth about EUR 2 billion, have announced that they are launching a new private equity fund called Equiliant Capital, which will invest in SMEs in Romania, according to Business-Review.eu.

The fund will be fully backed by Paval Holding, which has a social capital of EUR 1 billion and represents the largest direct ownership by Romanian entrepreneurs (60 percent by Dragos Paval and 40 percent by his brother, Adrian).

“We believe that it’s the right moment to address this segment, which has too few options for development, despite the fact that they are the most dynamic and promising category in the Romanian economy,” said Dragos Paval about the new equity fund back in April.

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