Owner Rogle in the hands of the Advance Capital Partners Fund
The Unitur Tourist Board has passed into the property of the Advance Capital Partners -by -Special Investment Fund, the current owner – Unior, reported through Seonet. The Supervisory Board of Zreče Society yesterday approved the conclusion of the Annex number 1 k Sales and Business Sales Treaty at Uniturthereby all the conditions for completing the business. According to the newspaper Financethe purchase price was € 12.2 million.
Advance Capital Partners signed an agreement on the purchase of Unitur in mid -March. In addition to paying the purchase price, the company’s ownership share will also be assumed by the company’s financial obligations. At the end of 2023, they amounted to EUR 16.8 million, and the company has not yet published the annual report for last year.
A difficult but thoughtful decision
CEO of Unior Robert Vuga said it was a difficult but thoughtful decision, which also has many positive consequences: “It will be a strategic step Unior financially relieved somewhat relievedwhich will allow us to focus more on our core business. At the same time, Unitur will receive the owner with a strong financial hinterland and a vision for the further development of tourism in Zreče and Rogla. We believe that Advance Capital Partners, with their knowledge, experience and financial power, will enable the strong development of Unitur and its unique tourist facilities. ”He stressed that the new owner brings stability and predictability to all employees as well.
Advance Capital Partners specializes in fund management, which in the first three rounds of fundraising raised € 198 million for its special investment fund, which has also become the largest private capital fund in the region.
The deleveraging of the company
The Zreče company had to sell Unitur at the request of banks to reduce the debt of the company. Unior also sold the Serbian company Unior Components from Kragujevac in early May, namely Kolektor Technologies, FMR financing and investment management, collector investment management and FI financial engineering. The business will be concluded when all conditions are fulfilled. At the end of last year, the Unior Group had financial liabilities, and the net debt and EBTIDA ratio amounted to as much as 28.74.
