Integral investment in O’Fresh

1 September 2023

Integral Venture Partners an investment firm, is pleased to announce that it has entered into a definitive agreement for the acquisition of a majority stake in O’Fresh, the leading Romanian provider of vending, office coffee, and clean water services to business clients. Following the transaction – which will comprise primary and secondary capital tranches – Integral will emerge as the majority stakeholder in the company alongside the two co-founders and the chief executive officer, who will remain for continuity as co-investors.

Integral’s investment in O’Fresh comes on the back of its investment (dated late 2021) in Breaktime, the leading clean water, vending, and office coffee services operator on the Bulgarian market; and will benefit from the in-house expertise developed by Integral’s team in all these business service categories.

Supported by Integral as its new majority investor and under the continued leadership of its incumbent chief executive officer and with its current staff architecture, O’Fresh will aim to accelerate its market penetration and extend its corporate end-customers coverage across all its core vending and office coffee solutions, and clean water services. In active collaboration with Integral’s dedicated Romanian team (based in Bucharest), O’Fresh will also pursue targeted sector consolidation by selectively seeking to acquire (or partner with) local operators.

The investment in O’Fresh marks the eleventh Integral investment from Evolving Europe Principal Investments Fund I since the fund’s launch approximately four years ago and underlines its industrial know-how in and commitment to the CEE business services and consumer goods sectors. While initially Integral will manage O’Fresh and Breaktime as separate assets under its fund, Integral will look to create value from cross-cooperation between the two and will consider bringing them under a larger pan-regional business services group in the future.


Integral, founded in 2013, manages institutional private equity and growth capital and is focused on investments in the countries of central and south-eastern Europe. Integral’s fund is backed by leading international institutional investors including the EIF, the EBRD, and the IFC. Integral covers its pan-regional target market out of hubs in London, Budapest, and Belgrade and satellite offices in Bratislava, Bucharest, and Sofia.

O’Fresh, founded in 2008, is the leading Romanian provider of vending services (snacks and beverages), office coffee solutions (OCS), and point of use bottle-free clean water services (POU bottle-free water coolers), complemented by a suite of additional innovative service lines such as self-service bistros and office fruit deliveries.

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