ADVANCE CAPITAL PARTNERS SIS

Advance Capital Partners SIS is the largest private equity fund in the Adriatic region. In the first three fundraising rounds, the fund secured a total of EUR 198 million in commitments from more than one hundred private and institutional investors, while the fourth and final fundraising round is planned for autumn 2025.

ACP SIS invests in majority ownership stakes and develops portfolio companies in cooperation with existing owners and management teams. Value creation is driven primarily through business model and strategy upgrades, additional M&A, and improvements in corporate governance. In total, ACP SIS intends to invest assets in 10-12 platform companies, excluding follow-up acquisitions. These companies are expected to expand further via M&A of complementary businesses, enabling regional expansion and enhancing their core operations.

Advance Capital Partners d.d., SIS, k.d. is an alternative investments fund, managed by Advance Capital Partners d.d.. The fund has been granted the status of a special investments fund and is subject to Securities Market Agency supervision.

INVESTMENT FOCUS

ACP SIS targets investments with significant potential for further growth. The core markets for the fund are Slovenia and Croatia, but investment opportunities are also sought across other countries in the Adriatic region.

The fund invests in majority equity stakes with an equity ticket size ranging from EUR 10 to 50 million. For each investment, the objective is to develop a market leader with an annual EBITDA of at least EUR 5-10 million.

ACP SIS primarily targets companies capable of leading consolidation in their respective sectors. In the next stage, Advance Capital Partners works closely with platform companies to actively drive further strategic acquisitions and expansion.

TARGET SECTORS

• IT - Services or products in a sector with substantial regional potential, leveraging the ongoing trend of business process digitalization, e-government services, and artificial intelligence. The fund’s IT investments are developed under Aeon Digital Group (ADG), which holds a majority stake in Margis, a provider of business and public administration digitalization solutions.
• Energy solutions and renewable energy - Capitalizing on the global supercycle across various segments of the value chain at a time when the region is entering the energy transition but lacks the clear strategic direction. The fund’s energy investments are developed under Advance Energy Solutions, which owns a majority stake in Croatian solar panel manufacturer and provider of energy solutions Solvis and a portfolio of project companies developing solar power plants and storage systems.
• Specialized retail / e-commerce - Acquisition and growth, brand revitalization, market share expansion, and consolidation in a regional market of 20 million inhabitants. The fund owns a majority stake in A2U, a fast-growing specialized retailer of bicycles and e-bikes. The footwear and fashion accessories retail segment are developed under Advance Fashion Group, which is in the final stages of acquiring a majority stake in Mass, a leading regional retailer of footwear and accessories.
• Healthcare - Benefiting from supportive demographic trends.
• Industrial technology - Tapping into the trend of reshoring production to Europe.
• Health, adventure and sports tourism: The fund owns Unitur, a tourism company operating popular Rogla ski resort and Terme Zreče spa. 
• Modern mobility & logistics – A strong secular growth trend supported by significant in-house expertise and experience gained building Nomago, one of the largest mobility companies in the region.
• Special opportunities – Exploiting major market shifts and inefficiencies.

*Investment in Advance Capital Partners d.d., SIS, k.d. is an investment with a limited liquidity, intended for professional investors as defined in Article 31 of the Act on Alternative Investment Fund Managers (ZUAIS)and for non-professional investors as defined in Article 199/2 of ZUAIS. Shares or Units of the Fund are not marketed outside the territory of the Republic of Slovenia. Investors who are not residents of the Republic of Slovenia may be admitted to the Fund solely based on their request, which is not given on the basis of active marketing of the Fund by the Manager.