EBRD mulls 15 mln euro investment in Romania's Morphosis Capital Fund II

The fund will focus on making equity and equity-related investments in small and medium-sized enterprises (SMEs) in Romania, Bulgaria, Croatia, the Czech Republic, Poland and Slovakia, the EBRD said in a project summary document disclosed on Thursday.

The EBRD's investment forms part of the fund's total project cost of 80 million euro.

Currently in a "concept reviewed" status, the investment is expected to enhance the competitiveness of the investee companies and bolster the resilience of the domestic financial sector.

Morphosis Capital is a private equity fund with 50 million euros committed capital. Established in December 2018 by four Romanian entrepreneurs, Simona Gemeneanu, Gabriela Dumitru, Dragos Petre, and Andrei Gemeneanu, the fund aims to contribute to the development and transformation of SMEs.

($=0.920725 euro)