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August 8, 2022
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Black Sea Fund names Iulian Portasa, a private equity professional with more than 10 years M&A experience, as Partner

Black Sea Fund, an investment fund aiming to accelerate small and medium enterprises in Romania, with a capital of over EUR 43 million, names Iulian Portasa, aged 33, former Senior Deal Advisory at KMPG, as Partner. Iulian will continue to be responsible for the entire investment process, from detailed analyses and preliminary negotiations to leading due diligence processes and successful transaction closing.

Iulian will also continue to support portfolio companies in their growth process, in his role in the Board of Directors for DigiRay and D-Toys, which are recent investments of Black Sea Fund. Iulian has led the trading and negotiation stages with Theta, DigiRay and D-Toys.

Iulian Portasa has over 10 years of experience in M&A transactions in various fields, such as technology, energy and natural gas, health and manufacturing. His most recent role has been as Senior Manager in the KPMG Deal Advisory team, where he was involved in several significant transactions and projects in the local economy.

Iulian has also set up and scaled a financial modeling group at KPMG, and contributed as an author to the financial modeling component of “Financial Management: Turning Theory into Practice”, a book published by Oxford.

“I am excited about this new professional stage and my future with Black Sea Fund, one of the few Romanian private equity funds of this caliber. And I am all the more excited about the opportunity to continue building and strengthening new partnerships with successful entrepreneurs, partnerships in all respects, beyond numbers”, said Iulian Portasa, the new Black Sea Fund partner.

“I send my warmest congratulations to Iulian, our new partner. He has shown a strong dedication and entrepreneurial spirit while supporting the companies in our portfolio in their growth journey. Our people, both the ones in our team and the ones in the companies we work with, are our most important assets. It is wonderful to be able to recognize and reward their contributions to the company “, said Arin Ion, Partner at Black Sea Fund I Cooperative UA.

 

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Black Sea Fund I is a recently launched private equity fund, which aims to implement investments in shares of at least 4 million euros to Romanian small and medium enterprises. Black Sea Fund I has secured a EUR 43mn funding commitment at its initial closing held in December 2018. The leading investor is the European Investment Fund, with resources from the Regional Operational Program co-financed by the European Regional Development Fund.

Black Sea Fund I was founded and is managed by a Romanian team, which includes four executive partners: Matei Păun, Arin Ion, Cornel Fumea and Adrian Vasile. Each of the partners has over 15 years of experience in areas such as private equity investment and asset management, investment/procurement activities and financial management.

 

 

 

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