ALFI Private Equity Fund (ALFI PE SIS) is an independent private equity fund focusing on investing in developing, innovative and fast-growing first class SMEs and midcaps based or doing business predominantly in Slovenia and in Croatia. We focus on identifying business opportunities in companies and in teaming up with people with whom we share passion and a strategic vision. We have strong focus on operational improvements, potential for international expansion and long-term performance. By making companies stronger and better positioned for long-term growth, we can help create good jobs, support local communities and, ultimately, secure the future of people.
Slovenian Capital Growth Investment Program – SEGIP
The ALFI PE SIS Fund was established with a payment of EUR 25 million, from otherwise EUR 100 million extensive Slovenian Capital Growth Investment Program – SEGIP, which was founded and co-financed by Slovenian Export and Development Bank (SID banka) and European Investment Fund (EIF), each investing EUR 50 million. Moreover, the fund mobilized additional funds from private investors in the amount of 1.8 times the SEGIP means of payment.
The purpose of SID Banks establishment of the SEGIP program is to support Slovenias innovative and fast-growing small, medium and mid-cap companies with up to 3,000 employees, as well as the activities of foreign companies in Slovenia. The key goals are to stimulate the growth, further development and expansion/entrance of Slovenian companies to foreign markets and the creation of new jobs in Slovenia through equity financing, as well as the long-term sustainable development of VC/PE investment funds on the capital market in the Republic of Slovenia.
More about SEGIP Programe at: https://www.eif.org/what_we_do/resources/slovene-equity-growth-investment-programme/index.htm
The Fund was established under Slovene Equity Growth Investment Programme (SEGIP), introduced by SID Bank and the European Investment Fund (EIF).
ALFI PE Fund acquired majority ownership stake in Elektronički računi d.o.o. (service “Moj-eRačun”) the largest, private information intermediary for the exchange of eInvoices in Croatia
"We are pleased to be able to participate in the further development and growth of the e-Invoices market in Croatia. Currently, only about 25 percent of invoices are issued in electronic form, which represents a big potential for further growth and development of the e-Invoices market and supplementary digital services. Moj-eRačun solutions are the basis for the digital transformation of business in Croatia”, explained ALFI PE.
"With the entry of the ALFI PE fund, we get additional funds for the development of infrastructure for the exchange of e-Invoices, especially in the context of the expansion to the B2B sector. Our primary goal is to create preconditions for the integration of entrepreneurs and the state, as well as for closing the entire process in inventory accounting, i.e. connecting e-Invoices with delivery notes and purchase orders in digital form, "said Marko Emer, director of Moj-eRačun. Mr. Emer also announced that the Moj-eRačun will develop the infrastructure for the so-called "real time invoicing" within 2021, which is already in use in some EU member states. https://www.moj-eracun.hr
We invest in accordance with The Slovene Equity Growth Investment Programme (SEGIP), introduced by SID Bank and the European Investment Fund (EIF).
Typical situations are growth acceleration and internationalization, replacement capital which would facilitate succession of founding entrepreneur, product/service offering expansion, new strategy or sector consolidation and MBOs.
We make controlling stake investments in companies operating in various industries with sales typically in a range of EUR 5 - 30 million with typicall investment in a range of EUR 2 - 10 million.
We invest in fast-growing first class companies with global potential.
We seek to build and develop businesses together with founders/management. Our objective is to improve the market position of the company in a sustainable manner. We aim to make successful companies even more successful.
ALFI PE focuses on fast-growing businesses with global potential
Focus territoryCompanies established or with main operations in Slovenia and Croatia
IndustryThe priority shall be investments in the following sectors:• Niche manufacturing• General services• Healthcare• General retail• Financial technology• Marine services• Software• Quick service restaurants
Ownership structure• Participation of founders/management is strongly encouraged• We are flexible and we do not exclude any form• Preferred majority stakes
Equity InvestmentPreferred equity value range EUR 2–10 million
Transactions TypesTypically Buy-out and succession-driven transactions with growth potential and clean path for consolidation or internationalization.
Investment Time Frame
Long term and flexible investment horizon (typically 5 – 8 years)
Exit strategyThrough trade sale, IPO, MBO