# Sarmis Capital

Sarmis Capital is a Private Equity based in Luxembourg, Romania.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Luxembourg, Romania
- **Region:** Europe
- **Address:** Bucharest, Romania
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** sarmiscapital.com
- **LinkedIn:** https://www.linkedin.com/company/sarmis-capital

## About

Sarmis Capital is a private equity firm focused on investments in Romania and the broader CEE region. The firm's founding partners have extensive experience in private equity, investment banking, and operational roles across multiple sectors. Sarmis Capital manages the full investment cycle, including deal sourcing, execution, and monitoring, with portfolio companies including Corporate Office Solutions (COS), Smart ID Technology, BMF Grup, and MG-Tec Industry.

## Sectors

- Enterprise Software
- Industrials
- Business Services

## People

- Cezar Scarlat — Managing Partner
- Viorel Scarlat — Founding Partner
- Catalin Oroviceanu — Founding Partner
- Bogdan Patrascu — Founding Partner

## Questions

### Who runs investment decisions at 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.

### How does Sarmis Capital source proprietary deal flow?

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.

### What investment stages and structures does Sarmis Capital target?

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.

### Does Sarmis Capital offer fund commitments or only direct deals?

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.

### Which sectors does Sarmis Capital explicitly invest in?

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.

## Related profiles

- [Sarmayacar](https://altss.com/profile/sarmayacar)
- [Sarona Asset Management](https://altss.com/profile/sarona-asset-management)

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Last updated: 2026-07-10T11:04:24.000Z

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