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From a few million to tens of millions or how an entrepreneurial company turns into one corporate takeover by an investment fund. Case Study: Smartree Romania, company founded ten years ago by Eric Kish, one of the former key people in Rompetrol in the period Dinu Patriciu. Less than a year after selling the HR services company, Smartree, to the investment fund Enterprise Investors (EI), we can already speak of the effects of business that we had one of the few transactions of last year (in March 2010 founder Eric Kish gives 56% of the shares for the sum of three million euros and in the meantime the company has grown to be 100% owned by EI).
The most visible effect: from an entrepreneurial company – majority-owned business by the family Alina and Eric Kish – internal, Smartree was reorganized by the rules of a corporation headed by a real financier Adrian Stanciu (34), brought to the position of Smartree Corporate Finance Director in 2009 by Eric Kish, to look for sources of funding for the company. Stanciu has experience in mergers and acquisitions, privatizations, consulting and international markets, starting his career in the U.S. investment bank Merrill Lynch. Immediately after the transaction, which has coordinated it, Stanciu became the new CEO of Smartree with a clear mandate, cleared briefly at the very beginning of the interview with EXPRESS MONEY “is not necessarily a sequel, I want to change a little strategy. And I want to become a corporate company with everything that means.”
Read more on:http://moneyexpress.money.ro/articol_21597/devenire_corporatista.html
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