Verdino Green Foods raises growth equity from BlackPeak Capital to accelerate its international expansion

Verdino Green Foods raises growth equity from BlackPeak Capital to accelerate its international expansion
05 november 2021
Bucharest, Romania ~ Verdino Green Food SRL, a leading plant-based meat alternatives company in Central and Eastern Europe, has joined forces with BlackPeak Capital through its BlackPeak Southeast Europe Growth Equity Fund. The capital provided will enable Verdino to accelerate its growth and support international expansion. With the transaction, Verdino welcomes BlackPeak Capital as a minority shareholder.

Verdino is a regional leader in the development, production, and sale of plant-based meat alternative (“PBM”) products, offering a variety of products made from pea-protein. The Company was founded in 2019 by Raul Ciurtin, a successful entrepreneur and Eberhart Raducanu, both seasoned executives from the food and beverage industry. Within two years of operations, Verdino developed over 80 novel products and successfully listed them in over 2,000 shops across Romania, Switzerland, The Netherlands, Spain, North Macedonia, Serbia and the UK. The Company already entered directly the two largest European markets --Germany and UK and has signed distribution agreements for another 12 countries. With a clear strategy, to become the most affordable, yet superior-quality, plant-based meat brand in Europe, Verdino targets sales in excess of €100m in five years.

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Raul Ciurtin, Verdino co-founder commented: “We welcome BlackPeak as our new partner and are glad to join forces to take Verdino to the next level, which is global presence.’’

Eberhart Raducanu, Verdino co-founder and CEO commented: “We are very enthusiastic to have BlackPeak Capital on board for Verdino’s journey. This represents a great recognition for all the accomplishments of Verdino so far and, more importantly, will accelerate the new chapter of Verdino growth, both in CEE and globally.”  

Dorian Macovei, Managing Director at BlackPeak Capital commented: “We are impressed by Verdino’s extensive product range with an exceptional taste, confirmed by international awards, and more importantly, by the management dedication to implement the company’s ambitious growth strategy. Along with its mission to deliver plant-based meat alternative products to the consumers, Verdino also positively impacts the environment through its major contribution to decarbonization, animal welfare, and sustainability. We are glad to contribute and be part of this rewarding journey.”

“PBM products are increasingly becoming a larger niche in the food industry. We strongly believe the continued growth of this sector, with Verdino having the potential to become a market leader in Europe. We are also happy that our first deal for our new Fund is in Romania as it underscores our commitment to support innovative Romanian SMEs in their international expansion,” says Niklas Pichler, Managing Partner at BlackPeak.

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