Key Takeaways
- • Booster Capital acquired a majority stake in Servicii Publice SA, a Cluj-Napoca-based veterinary product distributor with EUR 50+ million in 2025 turnover, marking the exit of founders Aurelian and Liliana Ghișa from the shareholding structure.
- • Ioana Ghișa remains as CEO and shareholder, while founding members transition to non-executive roles, ensuring management continuity within the reorganized ownership structure.
- • The transaction was partially financed through debt from Raiffeisen Bank Romania, though the deal value remains undisclosed, limiting full visibility into valuation multiples and capital structure details.
- • Booster Capital typically deploys EUR 10–15 million per investment across Romania and Central/Eastern Europe, positioning this acquisition within its standard ticket size for mid-market buyouts in the region.
- • The company's 30+ year operating history in farm animal and pet product distribution positions it in an expanding veterinary market, with the PE sponsor targeting accelerated growth via organic expansion and add-on acquisitions.
Summary
Booster Capital, a private equity investor focused on Central and Eastern European markets, has completed the acquisition of a majority stake in Servicii Publice SA, a Romania-based distributor of veterinary products headquartered in Cluj-Napoca. The transaction represents a founder liquidity event and marks a transition from family ownership to institutional PE backing, a common structure in CEE mid-market dynamics where generational handoffs and growth capital converge.
Servicii Publice SA generated revenues exceeding EUR 50 million in 2025 and has maintained operations for over three decades, supplying veterinary solutions across both farm animal and companion pet segments. The founder transition is partial rather than complete: while Aurelian and Liliana Ghișa have exited their shareholding positions, their daughter Ioana Ghișa retains both equity and operational control as chief executive officer. This hybrid structure—combining founder exit with retained management—suggests confidence from both the incoming PE sponsor and departing principals regarding the business's trajectory under new ownership.
Booster Capital financed the acquisition partially through debt provided by Raiffeisen Bank Romania, according to reporting by Ziarul Financiar, though neither the total transaction value nor the leverage ratio has been disclosed. The private equity firm typically commits EUR 10–15 million per transaction across its portfolio, which includes established CEE consumer and industrial names such as Artesana (dairy manufacturing) and Bisbags (paper packaging). This investment size positioning suggests Servicii Publice represents a mid-market acquisition consistent with Booster Capital's historical deployment patterns.
The PE firm has explicitly flagged organic growth acceleration and accretive M&A as dual levers for post-acquisition value creation, reflecting confidence in the underlying market for veterinary products in Romania and the broader region. No specific acquisition targets, growth rate expectations, or exit timeline have been announced.
Servicii Publice SA generated revenues exceeding EUR 50 million in 2025 and has maintained operations for over three decades, supplying veterinary solutions across both farm animal and companion pet segments. The founder transition is partial rather than complete: while Aurelian and Liliana Ghișa have exited their shareholding positions, their daughter Ioana Ghișa retains both equity and operational control as chief executive officer. This hybrid structure—combining founder exit with retained management—suggests confidence from both the incoming PE sponsor and departing principals regarding the business's trajectory under new ownership.
Booster Capital financed the acquisition partially through debt provided by Raiffeisen Bank Romania, according to reporting by Ziarul Financiar, though neither the total transaction value nor the leverage ratio has been disclosed. The private equity firm typically commits EUR 10–15 million per transaction across its portfolio, which includes established CEE consumer and industrial names such as Artesana (dairy manufacturing) and Bisbags (paper packaging). This investment size positioning suggests Servicii Publice represents a mid-market acquisition consistent with Booster Capital's historical deployment patterns.
The PE firm has explicitly flagged organic growth acceleration and accretive M&A as dual levers for post-acquisition value creation, reflecting confidence in the underlying market for veterinary products in Romania and the broader region. No specific acquisition targets, growth rate expectations, or exit timeline have been announced.
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