Lonia Trgovina, the leading retail chain in the smaller, convenience format category, has been acquired by Studenac, the fastest growing retail chain in Croatia.
Lonia has a retail network of more than 300 stores (80 of them owned by the Jaram family) and a turnover of over US$110 million. More than 30% of the stores operate within the Zagreb metropolitan area, where Studenac had a limited presence.
Founded in 1991, Studenac is a fast-growing consumer goods retail chain. With more than 4,000 employees and almost 750 stores, it is now the main retail chain on the Adriatic coast, as well as one of the top national chains, with the largest sales network in Croatia.
Oaklins’ team in Croatia acted as the exclusive sell-side advisor in this transaction.
“In June 2022, we completed the sale process of Lonia Trgovina, and we would like to thank all our partners who we collaborated with for many years, as well as all of our employees with whom we jointly built Lonia over many decades. Special thanks go to Oaklins, our advisor who managed the whole process. Without their tremendous experience and professional leadership we would not have been able to get through the many challenges we faced at crucial moments of this complex sale process.”
iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
Private equity | Bygg & anlegg | Energi | TMT
iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.
Chequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector
Private equity | Næringsmidler
Chequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector
Chequers Partenaires S.A., acting as the management company of the private equity fund Chequers Capital XVIII SLP, together with management, has completed the acquisition of 100% of the share capital of Gourmet Italian Food S.p.A. (GIF). The company was previously owned by Alcedo SGR S.p.A. through the Alcedo IV Fund, FVS SGR S.p.A. through the Sviluppo PMI Fund, and minority shareholders.
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