EBRD and Partners Invest €10 Million to Fuel Expansion of Romanian Retailer La Cocos

EBRD and Partners Invest €10 Million to Fuel Expansion of Romanian Retailer La Cocos

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), along with private equity firms CEECAT Capital and Morphosis Capital, has made a significant investment in the Romanian discount food retailer La Cocos. The €10 million equity investment will help La Cocos expand its store network and strengthen its position in Romania’s competitive retail market. La Cocos, founded in 2014, currently operates three stores in Ploiesti and Bucharest, focusing on providing a streamlined product selection at competitive prices. This investment will enable the retailer to increase its number of locations significantly over the next four years.

(PRESS RELEASE) LONDON, 22-Aug-2024 — /EuropaWire/ — La Cocos, a Romanian discount food retailer, is set for significant growth following a €10 million equity investment from the European Bank for Reconstruction and Development (EBRD). The funding, supported by private equity firms CEECAT Capital and Morphosis Capital, will enable La Cocos to expand its store network and strengthen its position in the competitive Romanian retail market.

Iulian Nica, CEO of La Cocos, expressed confidence in the company’s ability to grow rapidly, aiming to increase its locations by double digits over the next four years. The investment underscores the EBRD’s commitment to the food retail sector and highlights La Cocos as a promising player in Romania’s market.

Founded in 2014, La Cocos operates three stores in Ploiesti and Bucharest, focusing on a streamlined product selection at competitive prices for both individual consumers and small businesses.

The EBRD’s involvement is part of its broader strategy as a key investor in Romania, where it has already invested over €11 billion in various projects.

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SOURCE: EBRD