Core Insights - INVL Baltic Sea Growth Fund has completed the acquisition of Pehart Group, a leading Romanian producer of household and industrial paper products, with a financing package exceeding EUR 150 million [1][4] - The investment aims to enhance Pehart Group's manufacturing capacities and support its expansion in the region, reinforcing its market leadership [3][8] - Pehart Group generated revenues of EUR 165 million in 2024 and employs over 550 people, indicating its significant presence in the Southeast European paper manufacturing market [8] Investment Details - The financing for the transaction was provided by a consortium including International Finance Corporation (IFC), Banca Transilvania, and ING Bank Romania [1][4] - The deal was finalized on July 11, 2023, marking a transition from Abris Capital Partners to INVL Baltic Sea Growth Fund [2][3] - The investment includes a sustainable linked component, aligning with IFC's commitment to fostering sustainable economic growth in Romania [5] Company Strategy - Pehart Group plans to invest in cutting-edge technologies, diversify its product portfolio, and expand its international market presence [3][8] - The company has launched new products, such as the SOVIO brand targeting the Away-from-Home sector, reflecting its strategy to diversify offerings [8][9] - The partnership with INVL Baltic Sea Growth Fund is seen as an opportunity to accelerate Pehart Group's development plans and strengthen its regional leadership [3][6] Fund Overview - INVL Baltic Sea Growth Fund is the leading private equity fund in the Baltics, with a fund size of EUR 165 million and managed by Invalda INVL group [10] - The fund has a strong backing from the European Investment Fund (EIF) and aims to support high-growth potential small and medium-sized enterprises in the region [10]

MONTREAL, June 05, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $80 million CAD in New Brunswick and Nova Scotia, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives to support rail operations in the region, including upgrade projects to improve operations at CN’s railyards and the CN Autoport facility in Eastern Passage, N.S. These investments will help ensure the safe mov ...