Croatian companies seeking capital for growth, acquisitions, and expansion into other markets have another potential investor. The private equity firm CEECAT Capital, based in Luxembourg announced that it has raised 135 million euros in the first closing of its third fund, CEECAT Capital Fund III. What is particularly interesting is that Croatia is explicitly mentioned as one of the main target markets.
Support from EBRD and EIF
The new fund aims to raise a total of 200 million euros, with a maximum size of 250 million euros. The first closing was supported by the European Bank for Reconstruction and Development (EBRD) and the European Investment Fund (EIF), as well as existing investors and new institutional investors and family offices. EBRD will invest up to 40 million euros in the fund, while EIF has also committed to investing a total of 40 million euros.
On the occasion of the announcement of the first closing, Anthony Stalker, a partner at CEECAT Capital, emphasized that their capital will primarily follow companies that have a clear strategy for expansion beyond their home borders.
