Slovenian fund ACP acquires Croatian IT company Mikrocop

Slovenian Advance Capital Partners has entered into a strategic partnership with the IT company Mikrocop, which has been operating in Croatia for over three decades. Once all contractual conditions are met, the investment fund managed by Advance Capital Partners will take ownership of Mikrocop – a company specialized in the digitization of medium and large organizations in highly regulated sectors. The completion of the transaction is planned by the end of 2025.

Mikrocop was founded in 1976 as a service company for microfilm equipment owned by Ljubo Koritnik. During the 1990s, the company began to focus on the digitization of larger organizations, particularly those in strictly regulated industries. As early as 2005, Mikrocop was among the first in the region to introduce a cloud storage solution, and four years later, it built its own data center – one of the largest private ones in Slovenia.

– IT is one of the main target sectors of our fund, and Mikrocop will become one of the key investments within Aeon Digital Group after the transaction is completed, a group under which we will develop all our IT investments. In the first phase, an acquisition of 80 percent of the shares is planned, while an increase to 100 percent is expected in 2027. Mikrocop expanded its business beyond Slovenian borders very early and has companies in Croatia and Bosnia and Herzegovina.

The company has been collaborating for many years with numerous large banks, insurance companies, and financial groups in Slovenia, Croatia, and the Adriatic region, which primarily seek reliable, secure, and proven solutions. In its nearly 50-year history, Mikrocop has repeatedly demonstrated not only its ability to adapt to changes but also to implement them quickly and effectively in its operations. It should not be overlooked that they were among the first in the region to recognize the trend of moving to the cloud, said Aleš Škerlak, CEO of Advance Capital Partners.

– Today, more than half of Mikrocop’s revenue comes from cloud solutions, and by 2030, we aim to at least double that revenue, added Škerlak.

Mikrocop’s director, Simona Kogovšek, emphasized that the company has always built growth and development alongside its partners and continuously improved customer support.

– As our partners grew and developed, we at Mikrocop have always strived for improvements, development, and the best possible support for our customers. Over the years, we have undergone several technological transformations. Old solutions have been replaced with new ones, data storage and processing are increasingly moving to the cloud, business digitization has become a necessity, and security and regulatory requirements are becoming stricter.

The incorporation of artificial intelligence into our solutions opens new opportunities for enhancing the customer experience, achieving greater efficiency, and adapting more quickly to client needs. That is why we wanted to find a strategic partner who understands our industry and can help us take the next step, both in technological development and in expanding into new markets. I believe we have found the right partner in Advance Capital Partners with whom we will further enhance and expand services for our clients, while providing employees with interesting career challenges in a stimulating environment, said Kogovšek.

This summer, Advance Capital Partners reached an agreement to acquire a majority stake in Massa, a leading regional footwear retailer. After fulfilling the contractual conditions and obtaining approval from the competition protection regulator, the investment fund managed by Advance Capital Partners will become the owner of 60 percent of the shares in Massa.

The completion of the transaction is expected during the autumn. Advance Capital Partners manages two private equity funds with a total value of 250 million euros, and in Croatia, it is already known for the acquisitions of the consumer electronics retail chain Sancta Domenica and the solar panel manufacturer, Solvis.