Enterprise Investors acquires Slovenian Intersport for €35 mln

Polish Enterprise Fund VII, a private equity fund managed by Enterprise Investors, has acquired 100 percent of shares in Mercator Group's subsidiary Intersport ISI, the leading sporting goods retailer in the Balkans. The value of the agreement stands at €34.5 million (approximately PLN 150 million). The finalisation of the transaction is expected by the end of 2016, following the completion of formal procedures. "The new owner will take over all employees of Intersport, as well as the existing business locations," a statement read. Intersport ISI operates a network of almost 110 stores in Slovenia, Croatia, Serbia, Bosnia & Herzegovina and Montenegro and employs nearly 900 people. In 2015 it recorded €81 million in revenues. Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has established eight funds with total capital exceeding €2 billion.