Walltopia Welcomes New Minority Investors in the Company
Walltopia has joined forces with BlackPeak Capital and the China–CEE Fund.
BlackPeak Capital, a co-investment growth equity fund focused on investing in high-growth Bulgarian companies with leadership positions on the global and domestic markets, together with the China–CEE Fund, a fund established by China Exim Bank in partnership with other institutional investors from the CEE region, focused on identifying and partnering with dynamic businesses, have acquired a minority share in Walltopia Ltd. This is the first investment of the China-CEE Fund in Bulgaria.
“We are happy to welcome partners who share our passion for the product and who can drive value beyond money” said Ivaylo Penchev, CEO of Walltopia.
The partnership between Walltopia, BlackPeak Capital and the China–CEE Fund aims to support the company’s impressive growth and innovative amusement products. In 2012, Walltopia has expanded its portfolio of products and services towards the larger amusement and active entertainment market. The investment will also increase capacity and support the global roll-out of Funtopia, an amusement concept for indoor climbing for kids, which has already been launched successfully in Bulgaria, the U.S., Canada, and Israel.
BlackPeak Capital is private equity co-investment fund investing in high-growth Bulgarian companies.
BlackPeak Capital is a co-investment growth equity fund established under the JEREMIE initiative in Bulgaria. The Fund makes investments in innovative, high-growth Bulgarian companies, which hold leadership positions in the global or domestic markets.
BlackPeak Capital is managed by one of the most experienced M&A and investment teams in Bulgaria. The Fund has a dual role of investing and supporting Bulgarian firms in their global expansion plans and attracting private co-investors as a way to stimulate the private equity industry in Bulgaria.
CEE Equity Partners is the sole investment advisor for the China-CEE Fund, which has capital invested by the Export-Import Bank of China as well as CEE institutions.
China Central and Eastern Europe Investment Co-Operation Fund, a private equity fund with main office in Warsaw managing a total of USD 435 million has become a minority investor in Walltopia Ltd, advised by CEE Equity Partners. The Fund was established by China Exim Bank in partnership with other institutional investors from the CEE region to capitalize on investment opportunities in CEE countries. The objective of the Fund is to identify and partner with dynamic businesses and together contribute to the vibrant growth of the CEE economies whilst providing good returns to the investors. In the end of 2015 the China Export Import Bank dedicated an additional USD 1 billion for investments in the CEE region during the Central, Eastern Europe and China Summit held in Belgrade.