Morphosis Capital, the European Bank for Reconstruction and Development, and CEECAT Capital have exited their investment in Romanian hypercash retailer La Cocos through a sale to companies of the Schwarz Group. The consortium backed La Cocos in August 2024 to accelerate national expansion, with the retailer growing from three to seven stores within one year. In 2025, La Cocos generated revenues of €298 million, up from €227 million in 2024.

During their holding period, the investors supported store rollout, operational scaling, and capital structuring to position the business for strategic sale. Founder Iulian Nica will remain in place, and La Cocos will continue operating under its established hypercash model. Under Schwarz Group ownership, the retailer is expected to accelerate its domestic footprint and potentially expand internationally. The deal highlights sustained strategic interest in high-growth, value retail assets across Central and Eastern Europe.

The transaction reflects continued appetite from strategic buyers for scaled regional platforms in defensive consumer segments, even amid broader private equity exit headwinds. This exit demonstrates the appeal of value-focused retail formats in Central and Eastern Europe, with La Cocos achieving significant growth metrics within a short investment horizon.