CYPRUS — CEE Equity Partners, the investment adviser to the China Central and Eastern Europe Investment Co-operation Fund II, has acquired 15 grain silos and logistics hubs in Romania from the Brise Group for €60 million.

“The assets are strategically located throughout the most productive agricultural areas in the country, and have multimodal connections that allow road, rail and/or water trans-shipment directly within the properties,” said CEE Equity. “The assets will be further modernized and upgraded to further enhance the discharging and loading rates, improve storage and treatment related services as well as traceability.”

According to CEE, Brise Group is one of the most important independent grain traders in Romania. Following the transaction, Brise will be a grain origination client of Bristol Logistics’ infrastructure platform — the first of its kind in Romania — open to all farmers and traders operating within the catchment areas served by BL’s growing network.

BT Capital Partners acted as financial adviser to Brise Group. Dentons and Kinstellar acted as legal advisers to the transaction, PWC as tax, financial and market advisors to the Fund and BASE as technical advisers.