Enterprise Investors buys Studenac

Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors (EI),  signed an agreement to buy 100 percent shares in Croatian grocery chain Studenac, EI said in a statement.  The transaction value was not disclosed. The deal requires obtaining antimonopoly approval. “During our investment, we plan to accelerate the development of the network, participate in market consolidation and enhance the current stores’ performance,”  Michał Kędzia, a partner at Enterprise Investors said. At the end of 2017, Studenac operated 384 stores with an average selling space of 120 sqm.