Advance Capital Partners completes acquisition of Mikrocop

Ljubljana, 22^nd December 2025 - After securing regulatory approvals from the relevant competition authorities and fulfilling the conditions precedent, the private equity fund Advance Capital Partners SIS (ACP SIS) has acquired an ownership stake in the successful Slovenian IT company Mikrocop. Aeon Digital Group, under which Advance Capital Partners develops its IT investments, has become the 80% owner of Mikrocop, with the acquisition of the remaining equity stake planned for 2027.

“With great expectations, we are embarking on a joint venture with Mikrocop, which has repeatedly proven in the past that it can respond quickly and effectively to market demands. The company itself is also an excellent example of digital transformation. Over the years, Mikrocop has transformed from a provider of paper document management services into a leading provider of SaaS solutions in the region and has established itself as a reliable partner in the digitalization of business operations for the most reputable Slovenian companies and leading regional banks. I am convinced that this partnership marks the beginning of a new successful chapter,” said CEO of Aeon Digital Group, Andrej Fajfar, at the closing of the transaction, announcing ambitious growth and expansion for Mikrocop.

The entire management team of Mikrocop will remain with the company following the completion of the transaction. “With our new strategic partner, we are opening a new chapter, while at the same time numerous opportunities are emerging for us to achieve greater efficiency and adapt more quickly to a constantly changing market. Above all, being part of Aeon Digital Group will now make it even easier for us to develop new solutions and integrate artificial intelligence into the solutions we provide for our clients,” said Mikrocop CEO Simona Kogovšek. This year, Mikrocop, together with its subsidiaries in Croatia and Bosnia and Herzegovina, is expected to generate around EUR 11 million in revenue, and the group is expected to achieve double-digit growth rates in the coming years as well.

“When we established our IT platform Aeon Digital Group, we set ourselves the goal of building the strongest IT pillar in the entire region. With the addition of Mikrocop, we are now one step closer to this goal. I am confident that, within the Aeon Digital Group, the company will continue to thrive and provide secure and scalable solutions,” said President of the Management Board of Advance Capital Partners, Aleš Škerlak. As he added, IT is one of the key target sectors of the ACP SIS fund, which has so far successfully completed six investments.

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 four fundraising rounds, Advance Capital Partners secured EUR 249m 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 regional footwear and fashion accessories retailer Mass, the Croatian solar panel manufacturer Solvis, the specialized e-bike retailer A2U, the IT company Margis, the IT company Mikrocop and the tourism company Unitur, which operates Terme Zreče and Rogla ski resort. The conclusion of the acquisition of Austrian footwear giant Leder & Schuh, that operates 290 stores in 9 European countries, is expected in the first half of 2026.

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: 684,200.00 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. This is a marketing communication. Please refer to the Offering Memorandum of the Advance Capital Partners d.d., SIS, k.d., and Advance Capital Partners d.d., AIS II, k.d., and the KID before making any final investment decisions.