Global Finance Invests in Teletek Group

Global Growth Fund, a fund advised by Global Finance, concluded its investment in Teletek Group, a leading Bulgarian company in the security industry. At present Teletek has three interrelated business lines separated in its three subsidiaries:


  • Teletek Electronics – security and other electronics production, 80% export
  • Teletek Trade – distribution of security, lightning and other building systems
  • Siltek Engineering – design and installation of complex security and building system

Teletek was established in 1991, when Mr. Peter Polileev and Mr. Valentin Stoitzev started a company for installation of alarm systems. They later developed own production of intruder alarms and started distributing related products. In 1997 the company was among the first in Bulgaria to be ISO 9001 certified. By 2001 the company had grown substantially and the main lines of business were split in three separate entities. The goal of this internal reorganization was to better serve the specific needs of Teletek customers. Following the restructuring the holding company Teletek Group was established and now it operates through its three subsidiaries.

The group has grown by more than 20% over the last years. It is a leader in the domestic market with its main business and has about 15% market share in its other activities. Teletek’s competitive position is supported by a team of 240 professionals with significant experience in the industry. All companies within the group are ISO 9001:2000 certified.

The experience of Global Finance and its investment in the company shall help Teletek to continue its fast growth in a dynamic and quickly developing market. The plans of the group include doubling its production capacity, increasing the scope of the distribution and engineering divisions, including possible acquisitions and expanding the business to neighboring countries.

Founded in 1991, Global Finance has established a preeminent position in Southeastern Europe raising more than €700m for investments focusing primarily in Greece, Romania and Bulgaria. In March this year, Global Finance had a first closing on its 8th fund in the region, the South-Eastern Europe Fund focusing on buy-outs with commitments of €200m and targets to have a final closing at over €300m. The Euro 20 million Growth Fund targets fast-growing companies in Bulgaria and Romania and supports dynamic entrepreneurs and management teams. The EBRD, the European Commission, the Bulgarian Post Bank and Doverie Capital are amongst the fund’s key investors.

Global Finance is also investing in Bulgaria through Global Emerging Property Fund, a Euro 150 million real estate fund. The investments of Global Finance in Bulgaria include among others United Milk Company (OMK), ONDA, Royal Potatoes, Chipita, Steelmet and others.

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