The confidence among Central Europe’s Private Equity (PE) professionals has declined in the last six months between April and October 2011, according to Deloitte’s bi-annual Central Europe Private Equity Confidence study. About 66 percent of the respondents anticipate a decline in the overall economic environment.

However, in the last 6 months, only three out of 28 investment deals were made in Romania. In September 2011 GED Group acquired a 30 percent stake in Continental Hotels Romania from PPF Partners, while in August the Cypriot venture capital company Bramerton Investments Ltd took a 70 percent stake in Q'Net International S.A., a Romanian IT solutions and services company. In April this year, the GED Iberian Private Equity and S.A.U. SGECR agreed to acquire the Romanian tour operator Prestige Tours from Romanian businessman Mircea Vladu, for an undisclosed amount.

According to Deloitte’s study, for the first time since October 2008, no respondents expected the overall economic climate to improve over the next six months, while the 66 percent of the respondents that expected decline has been the largest ratio since 2008.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: Sxc.hu)