International
14:11 19 May 2023
Post by: WBJ

Enterprise Investors builds a giant in Croatia

Enterprise Investors builds a giant in Croatia
Source: Studenac

The EI fund has spent over PLN 1 billion on the acquisition and development of the Studenac network, the largest in Croatia in terms of the number of stores. It sees potential buyers, among others, in Poland. The company is led by Michał Seńczuk, a Polish manager with extensive experience at Biedronka, Żabka, and Polomarket.

Studenac was a family business for almost 30 years. In 2017, before it came into the hands of the fund, it had nearly €200 million in revenue and just over €13 million in EBITDA. This year, it aims to exceed €700 million in revenue (approximately PLN 3.1 billion, roughly half of Stokrotka's sales in Poland in 2022) and €55 million in EBITDA.

In the case of the Croatian network, the fund likely has the majority of the investment period behind it. However, it emphasizes that it is patient. 

"Currently, we are very pleased with the business growth, so we are focusing on maintaining at least this pace in the coming years," Michał Kędzia, a partner at Enterprise Investors, commented.

(Puls Biznesu

ei
croatia
studenac
michał kędzia

lifestyle

LifeStyle
6 days ago

Kolejkowo preparing to submit documents to debut on NewConnect

LifeStyle
7 days ago

Event Hall Opens at Norblin Factory

LifeStyle
15 days ago

Katarzyna Zielińska Champions Traditional Books in #TataTeżCzyta2024 Campaign

LifeStyle
21 days ago

Filip Chajzer Wants to Be the Self-Proclaimed King of Kebabs

Book of Lists

Book of Lists
3 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
4 years ago

25th jubilee edition of Book of Lists – project start