Studenac, the main retail chain in the Adriatic, and portfolio company of the regional private equity fund Enterprise Investors, bought a 100 percent stake in Bure Trgovina d.o.o., a Biograd retail chain that operates in 29 retail stores in the Zadar County and employs 120 employees.This is a continuation of the continuous growth and improvement of business that Studenac has achieved in recent years, and thus strengthening its leadership position in the Adriatic, but also the position of one of the leading retail chains in the country.
"In the period of the pandemic, which affected the entire market, I am extremely pleased that Studenac, despite the challenges we all face, is achieving its business goals and continues to expand and develop its business. By joining the retail chain Bure Trgovina d.o.o. Studenac network, as in our previous acquisitions, our goal is to preserve the value that the company represents for its customers, but also to introduce special benefits that Studenac brings to its customers and gradually enrich the entire offer, "said Michal Senczuk, CEO of Studenac. At the same time, Senczuk emphasizes, they want to provide new as well as existing employees with an opportunity for learning and business development based on synergy and joint work.
The corporate culture and values of Studenac are the basis for the growth of Studenac, and they will gradually be incorporated into the expanded network of stores. In the period that follows, the integration of the acquired stores will be carried out, which includes their redevelopment, enrichment of the range and the introduction of many other benefits for customers.
"Bure Trgovina d.o.o. is a recognizable retail chain in the Zadar County, which is recognized by its quality, availability, professionalism and range by local and tourist consumers, and I believe that the new business synergy and future with Student will bring improvement of the entire business to the satisfaction of all customers and employees“, said Darko Eškinja, director of Bure Trgovina d.o.o.
Enterprise Investors is a member of, the Croatian Private Equity and Venture Capital Association (CVCA).