PCP recognised by the Award Committee for its investments in 2021
Zagreb, July 6th, 2022 – Provectus Capital Partners (PCP) received the Investor of the Year award at the BestInvest Croatia conference organised by
the Croatian Private Equity and Venture Capital Association.
PCP has raised EUR 94 million for Adriatic Structured Equity Fund (ASEF), making it the largest fund based in Adria region. The LP base consists of 19 leading institutional investors, including European Investment Fund, Croatian Bank for Reconstruction and Development, regional pension funds, and other investors.
Since Feb 2021, the fund has made a total of 14 investments, three in initial platforms (specialty retail, private healthcare and private dental care) and eleven add-on acquisitions to strengthen the platforms.
In specialty retail segment, PCP invested in Keindl Sport, the leading regional sports equipment wholesaler & retailer. Following the PCP investment, Keindl Sport engaged in retail expansion strategy, by opening three new stores and acquiring three specialty bicycle retailers: SV Sport and On-off in Croatia and Energija in Slovenia.
In private dental care segment, PCP created Adria Dental Group (ADG) – the largest dental group in Adria region – via a series of acquisitions of leading dental clinics and laboratories in Croatia: (i) Polyclinic Arena (Zagreb); (ii) Salona Dental Polyclinic and Dental Laboratory VT (Split); and (iii) Rident and Ridental (Rijeka & Poreč). ADG has 350+ employees, 60+ high-tech dental offices and 140+ specialists across all branches of dental medicine.
In private healthcare, PCP created Aviva Medical Group (AMG) – the largest healthcare provider which operates on private market in Croatia. The group consists of (i) Aviva Poliklinika, (prevention, diagnosis, treatment, and rehabilitation); (ii) Dijagnostika 2000 Polyclinic (focus on radiology); (iii) Uro Centar Polyclinic (focus on urology); and (iv) Special Hospital Nemec (focus on orthopedics). AMG has 170+ employees, of which 80+ doctors in 24 medical departments.