Advance Capital Partners Enters into Strategic Partnership with Mikrocop

Ljubljana, 1st September 2025 – Advance Capital Partners has reached an agreement to enter into a strategic partnership with Mikrocop, one of the oldest and most successful Slovenian IT companies. Upon fulfilment of the suspensive conditions and securing clearance from the relevant competition authorities, the fund managed by Advance Capital Partners will become the owner of the company, which specializes in the digitalization of medium and large organizations in highly regulated industries. The transaction is expected to be completed by the end of 2025.

“IT is one of the key target sectors of our fund. Following the completion of the transaction, Mikrocop will become one of the core investments within the Aeon Digital Group, under which we aim to further develop all our IT investments. In the first phase, the acquisition of an 80% stake is planned, with an increase to 100% in 2027. Mikrocop expanded its operations beyond Slovenia early on and now has subsidiaries in Croatia and Bosnia and Herzegovina. For many years, the company has been a trusted partner to several major regional banks, insurance companies, and financial groups that, above all, require reliable, secure, and proven solutions. Throughout its nearly 50-year history, Mikrocop has consistently demonstrated not only the ability to adapt to change, but also the agility to implement it swiftly and effectively. It is also worth highlighting that Mikrocop was among the first in the region to recognize the shift toward cloud-based solutions,” said the President of the Management Board of Advance Capital Partners, Aleš Škerlak.  “Cloud-based services already account for more than half of Mikrocop’s business, and by 2030, we aim to at least double the company’s cloud-related revenue,” Škerlak added.

“Just as our partners have grown and evolved, at Mikrocop we have always strived for improvement, development, and the best possible support for our clients. Over the years, we have repeatedly undergone technological transformation. Old solutions gave way to new ones, data storage and processing rapidly moved to the cloud, digitalization became essential, and security and regulatory requirements grew increasingly stringent. Incorporating AI into our solutions opens up new opportunities to enhance the user experience, achieve greater efficiency, and adapt more quickly to customer needs. This is why we sought a strategic partner who understands our industry and can help us take the next step, both in terms of technological development and market expansion. I believe we have found the right partner in Advance Capital Partners, with whom we will further improve and expand our services for clients, while offering employees exciting career opportunities in a dynamic environment,” said Mikrocop CEO Simona Kogovšek, who, alongside the full management team, will remain with the company following the completion of the transaction.

Mikrocop was founded in 1976 by Ljubo Koritnik as a service company for microfilm equipment. In the 1990s, the company began shifting its focus to digitalization of medium and large organizations, especially in highly regulated industries. As one of the pioneers of digitalization in Slovenia, Mikrocop introduced cloud-based e-archiving as early as 2005 and, four years later, built its own data center, one of the largest private facilities in the country. Today, Mikrocop ranks among Slovenia’s leading IT service providers specializing in business process automation and legally compliant electronic archiving. With subsidiaries in Croatia and Bosnia and Herzegovina, Mikrocop is strengthening its position as a leading provider in the Adriatic region. Revenue from cloud-based IT services now accounts for more than half of the company’s total revenue, while its cloud-based InDoc EDGE is one of the largest SaaS platforms in the region. It connects over 10,000 users and several hundred organizations, enabling the secure management of over one billion documents.

Advance Capital Partners specializes in private equity and is led by a team of seasoned professionals with an outstanding track record that has successfully completed over 30 of the most complex mergers and acquisitions in the region. For each portfolio company, Advance Capital Partners defines a clear strategy and fosters growth in partnership with existing owners and management. In the first three fundraising rounds, Advance Capital Partners secured EUR 198m commitments for its ACP SIS fund, making it the largest private equity fund in the region. ACP SIS fund is subject to Securities Market Agency oversight and plans to invest in up to 12 companies, developing them into leading players in the Adriatic region with over 20 million inhabitants. The fund’s target sectors include energy solutions, IT, mobility/logistics, specialized retail/e-commerce, healthcare, industrial technologies, and other special opportunities that may emerge on the market. ACP SIS fund holds majority ownership stakes in the Croatian solar panel manufacturer Solvis, the specialized e-bike retailer A2U, the IT company Margis, and the tourism company Unitur, which operates Terme Zreče and Rogla ski resort. The conclusion of a strategic partnership and entry into the ownership of a successful regional footwear and fashion accessories retailer Mass is expected in the autumn. The company’s second alternative investment fund ACP AIS II holds a majority equity stake in Big Bang Group, which has expanded into Croatia, Serbia, and Bosnia and Herzegovina in recent years. By 2028, the group is expected to generate approximately EUR 600m in revenue.

This notice is of an informative nature and is intended solely to inform the public about the activities of Advance Capital Partners, upravljanje alternativnih investicijskih skladov, d.d., Dalmatinova ulica 8, 1000 Ljubljana, Company Registration Number: 9430598000, Tax Identification Number: SI63283069, Registered Capital: 650,000.00 EUR, which is registered with the District Court in Ljubljana, www.acp.si (Advance Capital Partners d.d.), and is authorized by the Securities Market Agency to manage alternative investment funds. Nothing in this notice shall be construed as a promise, guarantee, or projection of future performance or results. Advance Capital Partners d.d. manages two alternative investment funds, i.e., Advance Capital Partners d.d., specialni investicijski sklad, k.d., Dalmatinova ulica 8, 1000 Ljubljana, Company Registration Number: 9450017000, Tax Identification Number: SI75430576, which has the status of a special investment fund and is subject to the supervision of the Securities Market Agency, and Advance Capital Partners d.d., alternativni investicijski sklad II, k.d., Dalmatinova ulica 8, 1000 Ljubljana, Company Registration Number: 9699597000, Tax Identification Number: 40649466, which is intended exclusively for professional investors. This notice does not constitute a marketing communication, an offer, or an invitation to subscribe to or acquire units of the specialized investment fund Advance Capital Partners, d.d., SIS, k.d., or the alternative investment fund Advance Capital Partners d.d., AIS II, k.d.