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SARMIS Capital Expands Leadership in Romanian Facility Management Sector with Strategic Acquisition

October 16, 2024

SARMIS Capital has announced a strategic acquisition involving three renowned companies: AEK Security, AEK Firefighters, and Deziclean. This move follows a successful partnership with BMF GRUP, the leader in integrated facility management services in Romania.   Under SARMIS Capital's umbrella, the newly formed entity is strengthening its position as the largest player in the integrated facility management industry in Romania. This newly created company offers nationwide multi-technical and multi-service coverage, benefiting from the expertise of nearly 4,000 specialized and qualified employees. These services are provided for a total area of over 15 million square meters of buildings across all segments and generate a total annual turnover exceeding EUR 80 million.    The transaction closely follows the strategy announced at the time of the signing of the partnership between SARMIS Capital and BMF GRUP, both by expanding the portfolio of services provided to a growing customer base, covering a wide range of industries, and by signing strategic partnerships with other local and regional players.   Gabriel Teodorescu, CEO and co-founder of AEK-Deziclean Group, stated: "SARMIS Capital's interest in partnering with AEK Group and Deziclean validates our substantial efforts and offers an opportunity to enter a new development phase with the enthusiasm and confidence in our new partners. This partnership will not only allow us to consolidate and expand our services but also bring numerous advantages to our clients and facilitate new investments in technology, digitalization, innovation, and sustainability."   Cezar Scarlat, Managing Partner and founder of SARMIS Capital, commented: "We support this partnership and are confident in the synergies between the two companies. We remain dedicated to our growth strategy, focusing on new partnerships to expand both our service portfolio and geographical presence." Gabriel Tomescu, CEO and co-founder of BMF GRUP, added: "I am pleased that another group of Romanian entrepreneurs joins this ambitious project with enthusiasm. This collective effort consolidates local businesses to build a strong, sustainable, and successful entrepreneurial corporation."   Constantin Tomescu, co-founder of BMF GRUP, noted: "We are guided by our vision to become a regional reference in the global integrated facility management industry. Our efficient and excellence-oriented policies, practices, and procedures have been the foundation for signing this new partnership."   Consultants involved in the transaction: For SARMIS Capital: Radu Taracila Padurari Retevoescu SCA (RTPR) (legal), Daniela Buhus (TS Partners) (financial), Dobrinescu Dobrev Tax Advisory (tax) For AEK-Deziclean Group: Cristian Manole (financial), Filip & Company (legal)   Companies involved in the transaction: BMF GRUP specializes in providing integrated facility management services of the highest quality. The group companies generated in 2023 a total turnover of 60 million euros, the equivalent of a consolidated turnover of 35.4 million euros. Founded in 2011, the group offers a full range of solutions in the integration of administration services, facility management, maintenance, cleaning, security, snow removal, landscaping, fire prevention, specialized technical overhauls and intelligent building technology, as well as project management services, and engineering project-based works. With a dedicated and qualified team, made up of over 2,250 specialists, BMF Grup portfolio includes more than 12 million square meters of diverse properties.   The AEK-Deziclean Group, founded in 2011 in Bucharest, has grown to approximately 1,600 employees and reached a turnover of 20.4 million euros in 2023.   The group offers various facility management services such as cleaning, maintenance, landscape designing, security and maintenance of security systems and fire prevention.   SARMIS Capital is an independent private equity fund established in 2019, focused on investments in Central and Eastern Europe. It is the largest fund of this type raised in Romania by a local team. SARMIS brings not only capital to the invested companies, but also significant strategic, operational and consolidation expertise. SARMIS Capital's portfolio of companies includes, in addition to BMF GRUP, Corporate Office Solutions and Smart ID Technology.

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