Profile:
Founders of Dedeman/ Paval Holding
Real Estate investments:
€ 300 M
Experience:
Almost 30 years of entrepreneurship
Brothers Dragos and Adrian Paval are the founders of Romanian retailer Dedeman, the DIY market leader and the biggest company owned by private Romanian investors. Established in 1992, Dedeman accounts for more than half of the local DIY market. It holds a network of 5 logistics centers across Romania that support 55 large-scale stores, which makes it one of the largest networks of this kind in the region. Dedeman is nearing the €2 billion turnover milestone, making it one of the biggest local entrepreneurial companies.
Paval Holding, which has a social capital of EUR 1 billion and represents the largest direct ownership by Romanian entrepreneurs (60% by Dragos Paval and 40% by his brother, Adrian) is the financial investment vehicle of brothers Paval and it reported a net profit of EUR 690 mil. in 2020, according to Confidas.ro data.
In recent years, Paval brothers have diversified their investments into real estate, manufacturing and energy and stakes in Romanian blue-chip companies, such as Transelectrica, Conpet, Alro Slatina, Electrica or Antibiotice Iasi. The brothers also recently launched a Equiliant Capital, a private equity fund financing small and medium-sized companies.
Real Estate
Paval brothers own two office projects in Bucharest (The Bridge office complex, bought from Forte Partners for EUR 200 mil.) and Cluj-Napoca (The Office building bought from NEPI Rockcastle and Ovidiu Sandor, transaction valued at +100 mil. EUR) and are investors in Element Industrial, a dynamic Romanian developer of industrial and logistics projects.
They are also investing in a mixed-use project in Bacau, the city which hosts Dedeman’s HQ, and are also developing a new HQ for Paval Holding in Bucharest. In Ilfov county, near Bucharest, the brothers own 64 hectares of land suitable for industrial development.