Black Sea Fund I, an investment fund with a capital of over 43 million euros, announces the acquisition of a 70% stake in D-Toys. The value of the transaction is confidential.
The takeover of the majority package involves the extension of the management team who will ensure the succession planning of the company.
D-Toys is a company founded by Tibor Fustos in 2001, that last year had revenues of 4 million euros, being the largest independent producer of puzzles and educational games in Romania.
D-Toys has a modern factory with 90 employees in Sfântu Gheorghe, but the company is also present in the retail segment in Romania, Germany and France.
The new management aims to focus in the coming years on increasing online sales, developing in markets such as Germany, Austria, Switzerland.
The focus is on increasing production and creative capacity to meet the needs of the public in the targeted international markets.