Home Finance BlackPeak Capital commits €40 million to fuel small business expansion in Croatia

BlackPeak Capital commits €40 million to fuel small business expansion in Croatia

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You only have a minute? Here are 3 key takeaways from the article:

Growth Stock Investment Company BlackPeak Capital invest up to 40 million euros in Croatia over the investment period of its Southeast Europe Growth Equity fund.

• THE €126 million South East European Growth Equity Fund is supported by the European Investment Fund, the EBRD, the IFC, and other European private institutional investors.

• Mateo Zokalj, Senior Investment Associate, to oversee BlackPeak’s investment activities in the country.

As BlackPeak highlights, their investment plans in Croatia emphasize their commitment to supporting innovative and successful businesses that have a positive economic, social and environmental impact in the region.

The company’s investment strategy includes working with founders who are looking to partner with a minority private equity partner to support the growth of their business, for between €5 million and €15 million.

Past successful investments include Slovenian biotechnology GenePlanet and Bulgarian e-commerce euShipments. Additionally, BlackPeak invested in the Sofia headquarters Telelink infrared servicesa provider of infrastructure and digitalization solutions for the UK and German markets, and Verdino Green Foodsa Romanian plant-based meat and fish substitute company.

“We are very excited to be able to invest in the Croatian market and meet exceptional entrepreneurs who are not afraid to compete with their global peers. We are already in discussions with a number of potential investors and hope to close our first deal in Croatia in 2024,” said Rossen Ivanov, Managing Partner of BlackPeak Capital.

Mateo, BlackPeak partner in charge of Croatia Žokalj highlighted BlackPeak’s position that there are many potential companies in fast-growing sectors in Croatia that have the potential to become regional and European leaders in their sectors.

“By partnering with ambitious founders, we are confident that we can bring value to companies by leveraging our know-how, experience, network and past successes. BlackPeak’s regional presence allows us to support our companies in faster regional and global growth, both organically and through acquisitions,” Žokalj noted.

EEstablished in 2014, BlackPeak targets growth equity investments in fast-growing SMEs in Romania, Bulgaria, Slovenia, Croatia and Serbia. Earlier this year, the fund also announcement its intention to invest up to 40 million euros in Romania.

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