Global Finance's Growth Fund invests in Onda Coffee Break

GLOBAL FINANCE is happy to announce that it has concluded an investment in ONDA, a Bulgarian chain of coffee shops. The investment which is through a share capital increase makes Global Finance the biggest shareholder in the company.

ONDA currently operates four outlets in Sofia, while another two shall be operational within September. The shops are modeled around a modern/youthful concept offering premium coffee drinks and an extended variety of sandwiches and sweets. ONDA plans to expand aggressively adding as many as another 10 locations within the next couple of years.

ONDA is the Growth Fund’s third investment in Bulgaria. 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. The European Commission’s participation is through the SME Finance Facility Special Fund, which is administered by the EBRD.

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