March 16 (SeeNews) - Bulgarian IT services company Bulpros and coffee vending machines operator Breaktime, both part of the portfolio of NEVEQ II fund, are in talks for acquiring companies in Romania and Serbia, respectively, Pavel Ezekiev, co-founder of Southeast Europe-focused venture fund manager NEVEQ, told SeeNews.
Firms part of NEVEQ's portfolio are interested in the acquisition of companies generating an annual turnover in the range from 5 million euro to 10 million euro ($5.36 million-$10.7 million) and with a 100% annual growth of their business, Ezekiev told SeeNews in an e-mailed statement.
NEVEQ is closely examining the sectors of finance, energy, telecommunications, transport, tourism and healthcare, he noted.
"We are currently in talks with a New York Stock Exchange-listed company which is considering buying one of the companies included in our portfolio. This would represent a really large deal for us," Ezekiev added. "There is a tendency for big US-based companies to allocate large amounts of cash to their European subsidiaries in order to finance acquisitions in Europe."
According to Ezekiev, in the next three years three companies from the portfolio of NEVEQ II will generate 50 million euro turnover each, which will boost the technology sector growth in Bulgaria by 15%.
The portfolio of NEVEQ II also includes biometrics solutions provider Biodit, software company Methodia, real estate online platform Properati, data analytics provider Content Insights, internet acceleration technology developer Intertainment Services, electric charging station platform eMobility International, and legal services platform LegalTrek.
($=0.9323 euro)