Elderly residential centers in Romania receive investment from private equity firm BlackPeak Capital
BlackPeak Capital Invests in Affinity Life Care to Expand Elderly Care Services in Romania
Affinity Life Care, the largest private network of residential centers for the elderly in Romania, has received a strategic growth equity investment from BlackPeak Capital, a Bulgarian private equity firm. The investment will support Affinity's expansion plans and improve elderly care services across the country [1][2][3][4][5].
Based in Bucharest, Affinity Life Care offers long-term care and medical recovery services through a fully integrated model. The company operates three centers in the most important areas of the Romanian capital, with a capacity of over 400 authorized beds [6].
The investment by BlackPeak Capital validates Affinity's mission and team's commitment to redefining elderly care standards in Romania. BlackPeak Capital, which manages two funds with approximately €150 million assets under management, focuses on high-growth SMEs in Southeastern Europe. This investment marks BlackPeak Capital's first entry into the Romanian senior care sector [1][2][3][5].
Virgil Chitu, who leads the Romania operations for BlackPeak Capital, is involved in the partnership. He expressed his excitement to collaborate with Affinity and support its growth plans. Dragos Nicolae Iamandoiu, the majority shareholder of Affinity Life Care, expressed satisfaction with BlackPeak Capital as a shared values partner [7].
The Affinity model is based on operating private centers in central areas, which allow easy access to medical care and the possibility of frequent family visits. The company aims to double its number of authorized beds and continue its development with BlackPeak Capital's support [8].
The European Investment Fund, the European Union, Invest BG, EBRD, IFC, and other private institutional European investors support the BlackPeak Southeast Europe Growth Equity Fund, which also backs Affinity Life Care [4]. The fund is supported by the COSME (2014-2020) and JEREMIE programs, and the European Union's Equity Facility for Growth. This investment marks the first private equity fund investment in the elderly care sector in Romania [9].
BlackPeak Capital has made growth equity investments in fast-growing companies in Romania, Bulgaria, Slovenia, Croatia, and Serbia. The company is a private equity fund active in Southeastern Europe [10]. Affinity Life Care is accelerating expansion with BlackPeak Capital's support, and the care model of Affinity Life Care is based on dignity, empathy, and medical excellence [11].
[1] Press release: https://www.blackpeakcap.com/news/blackpeak-capital-invests-in-affinity-life-care-to-support-the-expansion-of-elderly-care-services-across-romania/ [2] Affinity Life Care website: https://www.affinitylife.ro/ [3] BlackPeak Capital website: https://www.blackpeakcap.com/ [4] BlackPeak Southeast Europe Growth Equity Fund: https://www.blackpeakcap.com/funds/bsegef/ [5] European Investment Fund: https://www.eif.org/ [6] Affinity Life Care operations: https://www.affinitylife.ro/locatii/ [7] Dragos Nicolae Iamandoiu: https://www.linkedin.com/in/dragos-nicolae-iamandoiu-2179b110/ [8] Affinity Life Care expansion plans: https://www.affinitylife.ro/despre-noi/ [9] First private equity fund investment in the elderly care sector in Romania: https://www.romania-insider.com/blackpeak-capital-invests-affinity-life-care-elderly-care-romania/ [10] BlackPeak Capital investments: https://www.blackpeakcap.com/investments/ [11] Affinity Life Care care model: https://www.affinitylife.ro/care-model/
- BlackPeak Capital's investment in Affinity Life Care will not only propel the expansion of elderly care services in Romania but also contribute significantly to the health-and-wellness and aging industry in the country.
- This strategic growth equity investment from BlackPeak Capital is a testament to Affinity Life Care's mission of redefining elderly care standards in the industry, and it also marks BlackPeak Capital's first foray into the Romanian senior care sector, as they focus on high-growth SMEs.
- With BlackPeak Capital's finance and investing backing, Affinity Life Care plans to double the number of its authorized beds and further develop its business based on dignity, empathy, and medical excellence, making a substantial impact in the science sector as well.
