Sarmis Capital

Cezar Scarlat, Managing Partner and CEO, leads the full investment cycle and chairs the Investment Committee. Viorel Scarlat, Catalin Oroviceanu, and Bogdan Patrascu sit on both the Investment Committee and Management Committee. The senior team has worked together since 2019 and previously deployed over €300m across more than 35 Romanian deals.

Sarmis states it sources through long-standing relationships with local entrepreneurs rather than competitive auctions. Cezar Scarlat built these networks over 15 years of Romanian PE, notably as Senior Partner and Head of Romania at Abris Capital Partners, where he expanded companies like Cargus and Urgent Curier into regional champions.

The firm targets buyout, growth equity, management buy-in, and co-investment opportunities. Its primary model is majority equity stakes of €15–30m per deal, with capacity to deploy significantly more alongside debt financing from local and international banks.

Sarmis is a direct investor that structures majority equity deals. Viorel Scarlat's prior role at ADIA involved managing a $9bn portfolio across both fund commitments and co-investments, but the firm itself executes only direct majority transactions in its target region.

The firm focuses on entrepreneurial companies with convergence potential to Western European standards. Its portfolio spans business services, industrials, and technology — confirmed holdings include workspace design firm Corporate Office Solutions, digital identity provider Smart ID Technology, waste management group BMF Grup, and industrial equipment manufacturer MG-Tec Industry.