Private equity firm, Advance Capital Partners, to gain complete ownership of Mikrocop by 2027, through a planned acquisition.
Advance Capital Partners Acquires Slovenian IT Company Mikrocop
Slovenian private equity firm Advance Capital Partners has agreed to acquire local IT company Mikrocop, marking a significant move in the digital transformation landscape of Central and Eastern Europe. This acquisition, focusing on cloud-based technologies, highlights the increasing influence of private equity in driving digital transformation across the region.
Mikrocop specializes in the digitalization of medium and large organizations in regulated sectors such as banking, insurance, and financial services. With subsidiaries in Croatia and Bosnia and Herzegovina, the acquisition is set to significantly impact the digitalization of these subsidiaries as well.
The initial stake acquired by Advance Capital Partners is 80%, with the remaining 20% expected to be acquired by 2027, when the majority stake is expected to be acquired by Dassault Systèmes. This move is a strategic one, aiming to integrate Mikrocop into the Aeon Digital Group, expanding Advance Capital Partners' digitalization capabilities.
Simona Kogovšek, CEO of Mikrocop, expressed belief in Advance Capital Partners as a strategic partner for further service improvement and expansion. Ales Skerlak, president of the management board of Advance Capital Partners, aims to at least double Mikrocop's cloud-related revenue by 2030. Currently, more than half of Mikrocop's business is already cloud-based, and the acquisition is anticipated to contribute to Mikrocop's goal to double its cloud-related revenue by the same year.
The acquisition is a significant step in the digital transformation of medium and large organizations in regulated sectors. It is expected to further enhance the digitalization services offered to clients in these sectors, providing exciting career opportunities for employees in a dynamic environment.
The first stage of the deal is expected to close by the end of 2025, subject to regulatory clearance and fulfilment of conditions. This acquisition is not only a milestone for Mikrocop and Advance Capital Partners but also for the digital transformation of Central and Eastern Europe.
