Museum of Illusions enters next growth phase as Brightwood Capital Advisors acquires majority stake
The largest and fastest-growing chain of private museums originally founded in Croatia, the Museum of Illusions, is entering a new phase of development through a strategic acquisition by the U.S.-based investment firm Brightwood Capital Advisors. The transaction marks a significant step in the brand’s continued global expansion and further validates its long-term market value and […]
BlackPeak Capital exits euShipments.com as Austrian Post acquires majority stake in regional e-commerce logistics leader
Austrian Post has agreed to acquire a 70% stake in euShipments.com, the leading integrated cross-border delivery and fulfilment provider in Southeast and Eastern Europe. The transaction marks a significant milestone for BlackPeak Capital, representing the first successful exit from its Southeast Europe Growth Equity Fund I (2021), following a four-year partnership focused on building a […]
Feelsgood Capital portfolio company Juicy Marbles launches Kinda Salmon, expanding alternative seafood collaboration with Revo Foods
Building on the success of their ongoing partnership, cult-favourite Slovenian meat alternative startup Juicy Marbles has introduced Kinda Salmon, a fermentation-derived salmon fillet developed together with Austria’s Revo Foods. The launch marks the second seafood product unveiled by the partners in the last two months and reinforces Juicy Marbles’ strategy of collaborating with leading animal-free […]
Provectus Capital Partners portfolio company Arsano Medical Group acquires Prima Nova, expanding specialist healthcare services in the Adria region
Arsano Medical Group, the largest and fastest-growing private healthcare group in the Adria region and a portfolio company of Provectus Capital Partners (PCP), has completed the acquisition of Prima Nova, a leading specialised polyclinic focused on occupational medicine, sports medicine and preventive healthcare services. The transaction marks another important milestone in Arsano Medical Group’s strategy […]
Croatian Venture Capital Initiative 2 (CVCi 2)
In a pivotal development for Croatia’s entrepreneurial landscape, the European Investment Fund (EIF) and the Ministry of Regional Development and EU Funds of the Republic of Croatia joined forces in September 2023 to ink a groundbreaking funding agreement. This agreement marked the inception of the Croatian Venture Capital Initiative 2 (CVCi 2), an ambitious EUR […]
Croatian Growth Investment Programme (CROGIP) II
The Croatian Bank for Reconstruction and Development (HBOR) and the European Investment Fund (EIF) have jointly launched the Croatian Growth Investment Programme II (CROGIP II). The main goal of this program is deeply rooted in encouraging the development and strengthening of private equity fund management companies, which direct a significant part of their investments to support fast-growing Croatian small […]
Top 25 Croatian Startups to watch in 2023
Novac.HR, the business section of the Jutarnji list, traditionally gathers an expert jury to select the Top 25 Croatian Startups to Watch in 2023. As published in December 2022, the names of the 25 most promising Croatian startups that are worth following in 2023 are: AGRIVI, airt, Amodo, Ascalia, BiteMe Nutrition, Cidrani, CircuitMess, Codemap, Elevien, […]
Prosperus invests in the company Yellow Submarine, which manages the leading premium burger brand in Central Europe, Submarine
As of 5th December, Prosperus Growth private equity fund, owns the majority stake in the company Yellow Sumbarine d.o.o. which is behind Croatia’s largest chain of craft burgers. Prosperus Growth raised over EUR 59 million and was additionally supported by the European Investment Fund (EIF) through the CROGIP program and Croatian Bank for Reconstruction and […]
Annual General Assembly Meeting & Xmas Networking Drinks
CVCA Annual General Assembly & Xmas Party 14 December 2022 , hotel Esplanade, Zagreb at 16:00 On 14 December 2022, the Croatian Private Equity and Venture Capital Association (CVCA) held the General Assembly Meeting of its members, followed by the Xmas Networking Drinks. At the General Assembly, Mirna Marovic, CVCA’s President, presented the President’s report […]
Dental clinic Rident and Ridental dental laboratory join Adria Dental Group, the largest dental group in Croatia and the region
After last year’s investments in Zagreb based dental clinic Arena, Solin based dental clinic Salona Dental and dental lab Vladimir Tešija, Adria Dental Group’s growth continues with investment in Rident, the largest clinic in Croatia with clinics in Rijeka and Poreč, and Ridental d.o.o. dental laboratory, the largest dental laboratory in Croatia. With this investment, […]