Generali Growth Equity Fund in the process of acquiring a share in the company Zobozdravstvo Diamant, Celje

 

Zobozdravstvo Diamant d.o.o. is the largest private dental centre in Slovenia headquartered in Celje, currently operating with ten dental chairs. Its core activities include prosthetics, orthodontics, implantology, dental conservation and endodontics. The company pursues a clear business strategy, focusing on customers – patients. Thanks to using sophisticated high-tech instruments and materials, the company provides its patients with high-quality services according to the one-stop-shop principle, satisfying medical, functional and aesthetic needs.

Through the Fund’s entry in the ownership structure, Zobozdravstvo Diamant will gain more financial strength and at the same time benefit from additional professional support and expertise in business expansion, thereby further consolidating its leading role in providing high-quality dental services.

Together with the founder, who is keeping a share in the company, the Fund plans expansion throughout Slovenia. This will help Zobozdravstvo Diamant bring its high-quality services closer to people in the entire country.

Generali Growth Equity Fund is a special investment fund managed by Generali Investments, Slovenia’s oldest management company with subsidiaries in Croatia and North Macedonia. Generali Growth Equity Fund invests in ambitious small and medium-sized companies, offering support for growth financing, capacity expansion, sales network building and new product development as well as the acquisition of competitors and management of succession matters.

 

The Generali Growth Equity Fund investment in Zobozdravstvo Diamant, d.o.o., is co-financed by the European Investment Fund and the SID Bank. Generali Growth Equity Fund was founded in 2019 as part of the Slovene Equity Growth Investment Programme (SEGIP), which was launched upon the initiative of the SID Bank in cooperation with the European Investment Fund (EIF). It offers equity and quasi-equity financing to Slovenian SMEs and mid-cap companies. The SID Bank committed to contributing EUR 50 million of its own funds to this programme (without state guarantee), and the EIF has provided an additional EUR 50 million under the European Fund for Strategic Investments (with EFSI guarantee). By mobilising additional funding from other private investors through the SEGIP programme, overall investments for Slovenian companies could exceed EUR 150 million, which is 3-times the contribution of the SID Bank.

 

Generali Growth Equity Fund completes the acquisition of a share in Rolnet d.o.o.

 

 

Established in 2004, Rolnet d.o.o operates in the markets of Slovenia, Croatia, Serbia, Bosnia and Herzegovina, Montenegro and Austria. Today, the company is a reliable partner in the sports nutrition industry and one of the leading specialised sellers of sports nutrition, health and wellness products in the region of South-East Europe. It develops and markets sports nutrition products and food supplements, focusing on sales in franchise stores, shopping centres, gyms, via online shops and through other distributors (retailers). The company owns the Proteini.si and Battery Nutrition brands, and has over the years gradually secured distribution and agency for the most established European brands of sports nutrition.

Through the equity investment of Generali Growth Equity Fund, Rolnet will be able to strengthen the further development of its services and their provision in the markets of the region.

Generali Growth Equity Fund is a special investment fund managed by Generali Investments, Slovenia’s oldest management company with subsidiaries in Croatia and North Macedonia. Generali Growth Equity Fund invests in ambitious small and medium-sized companies, offering support for growth financing, capacity expansion, sales network building and new product development as well as the acquisition of competitors and management of succession matters.

 

 

The Generali Growth Equity Fund investment in Rolnet d.o.o. is co-financed by the European Investment Fund and the SID Bank. Generali Growth Equity Fund was founded in 2019 as part of the Slovene Equity Growth Investment Programme (SEGIP), which was launched upon the initiative of the SID Bank in cooperation with the European Investment Fund (EIF). It offers equity and quasi-equity financing to Slovenian SMEs and mid-cap companies. The SID Bank committed to contributing EUR 50 million of its own funds to this programme (without state guarantee), and the EIF has provided an additional EUR 50 million under the European Fund for Strategic Investments (with EFSI guarantee). By mobilising additional funding from other private investors through the SEGIP programme, overall investments for Slovenian companies could exceed EUR 150 million, which is 3-times the contribution of the SID Bank.

 

 

NLB Banka Skopje in cooperation with Generali Investments AD Skopje introduces a new product – sale of units from investment funds

 

Today the cooperation between the two companies was marked with a donation for the young mathematics genius Damjan Davkov from Štip to whom the Council of the Municipality of Štip recently awarded the highest municipal distinction, the 8th of November award. The President of the Management Board of NLB Banka Skopje, Antonio Argir, President of the Management Board of Generali Investments, Luka Podlogar and Chief Executive Officer of Generali Investments AD Skopje, Laze Kamchev, presented Damjan with a voucher worth 3,000 euros, funds that will be invested in units in “Generali Top Brands”, in order to achieve additional income that he will be able to use in the future for his education and training.

“NLB Banka continuously introduces new and innovative products, at the same time enabling sophisticated and advanced consulting and optimal management of clients’ funds through products that correspond to their current needs and ensure future financial stability. Trading in units of investment funds is one of the fastest growing financial activities in our country, and additionally, after stabilising the situation arising from the pandemic and consequently, the domestic and world economy, even greater and faster growth of this industry is expected in the future. With this product NLB Banka Skopje completes its offer of non-banking financial products and thus equals the services offered by Western European banks by enabling wide opportunities for clients, comprehensive financial advice and access to a range of instruments that can meet even the most complex needs of clients and achieving their financial goals,” said Antonio Argir, President of the Management Board of NLB Banka Skopje, who congratulated Damjan and his family and expressed confidence that the units of the investment fund will bring Damjan a return that will provide him with a decent education in the future.

The President of the Board of Generali Investments, Luka Podlogar welcomed the cooperation between the two companies and on this occasion said: “We nurture the cooperation with NLB Banka Skopje and recognise the Bank as an important business partner. We strongly believe in synergy and I am convinced that this is just the beginning for further joint local and international growth and expansion of our product portfolio. I would say we are the best at what we do.”

“First of all, I would like to thank NLB Banka Skopje for the cooperation, the vision of the management for the future of the financial products and the comprehensive approach to the needs of the clients. Together with NLB Banka Skopje we are building a strong partnership and we are confident that this cooperation will provide a special approach and range of products that will benefit existing and future clients. I am convinced that our products, now available in all branches of NLB Banka Skopje, add value to the Bank’s offer because investment funds are becoming an increasingly important savings and investment product,” stated Laze Kamchev, Chief Executive Officer of General Investments AD Skopje.

Some of the products that are subject to this cooperation are: sale of units in equity funds with one-time payment, sale of units in equity funds with programmed payment, and sale of units in cash funds – intended for legal entities, as well as sale of units in investment deposit.

Both companies, Generali Investments AS Skopje and NLB Banka Skopje, are subsidiaries of two big and eminent Slovenian companies, the first one of Generali Investments, one of the largest and the oldest asset management companies in South-East Europe and the oldest asset management company in Slovenia; the second one of NLB Group.

THE GENERALI INVESTMENTS AD SKOPJE

Established in 2008, Generali Investments AD Skopje manages seven investment funds with EUR 37 million of assets of approximately 3.000 investors under management. Generali Investments AD Skopje is owned by Generali Investments Slovenia, and is part of the Generali Group.

THE GENERALI GROUP

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of € 70.7 billion in 2020. With more than 72,000 employees serving 65.9 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Commitment to sustainability is one of the enablers of Generali’s strategy, inspired by the ambition to be the Lifetime Partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network.

In Austria, Central and Eastern Europe and Russia the Group operates through its Austria, CEE & Russia Regional Office (Prague) in 13 countries being one of the top three insurers in the Region.

THE GENERALI INVESTMENTS
Generali Investments has EUR 563 billion in assets under management globally, and EUR 25 billion in assets under management in the CEE countries, which makes it one of the largest asset management companies in the CEE region.

 

 

 

Generali Growth Equity Fund closes the acquisition of a stake in Diverto d.o.o., Zagreb

 

 

Headquartered in Zagreb, Diverto was established in 2007 as a Comprehensive Information Security Provider. Since starting out as a pioneer in this field, it has grown to become one of the leaders within the region.

The company protects clients against security threats that can cause data breaches, financial loss and damaged credibility and is solely focused on information security. It offers a range of information security services, from consultancy to managed services. Its service portfolio consists of governance, risk & compliance, assessments and tests, education and training, incident response, defence services and Security Operations Centre (SOC). The company is the holder of one of the widest range of industry relevant certificates in the region.

The Generali Growth Equity Fund’s equity investment in Diverto will help the company continue its development activities in Cyber Security Solutions and expansion into the wider region.

Generali Growth Equity Fund is a special investment fund managed by Generali Investments, Slovenia’s oldest management company with subsidiaries in Croatia and North Macedonia. Generali Growth Equity Fund invests in ambitious small and medium-sized companies, offering support for growth financing, capacity expansion, sales network building and new product development as well as the acquisition of competitors and management of succession matters.

 

The Generali Growth Equity Fund investment in Diverto d.o.o., is co-financed by the European Investment Fund and the SID Bank. Generali Growth Equity Fund was founded in 2019 as part of the Slovene Equity Growth Investment Programme (SEGIP), which was launched upon the initiative of the SID Bank in cooperation with the European Investment Fund (EIF). It offers equity and quasi-equity financing to Slovenian SMEs and mid-cap companies. The SID Bank committed to contributing EUR 50 million of its own funds to this programme (without state guarantee), and the EIF has provided an additional EUR 50 million under the European Fund for Strategic Investments (with EFSI guarantee). By mobilising additional funding from other private investors through the SEGIP programme, overall investments for Slovenian companies could exceed EUR 150 million, which is 3-times the contribution of the SID Bank.

 

Generali Investments consolidates its position in North Macedonia

 

With the completion of the merger with DRUŠTVO ZA UPRAVUVANJE CO INVESTICIONI FONDOVI ILIRIKA FUND MENAĐMENT AD SKOPJE, abbreviated name ILIRIKA FM AD SKOPJE, Generali Investments AD Skopje will increase its market share in asset management in North Macedonia to 26%. The transaction is subject to relevant regulatory and competition approval.

Established in 2008, Generali Investments AD Skopje manages four investment funds with EUR 31.3 million of assets of approximately 2000 investors under management. Upon the merge with ILIRIKA FM AD SKOPJE, the company will take over three Ilirika investment funds and discretionary mandates, with 1900 investors, increasing its total assets under management to EUR 46 million of 3900 investors.

Luka Podlogar, President of the Management Board of Generali Investments AD Skopje, says: “Generali Investments remains firmly anchored in North Macedonia’s market, and with this acquisition strengthens its position as a top asset manager in the region. Under the umbrella of Generali Investments, the doors are opening for further local and international growth and expansion of the product and service offering for investors.”

Laze Kamčev, CEO, of Generali Investments AD Skopje, commented: “We combine our excellent asset management performance and best knowledge of the local market with global strength. For all our clients, our goal is to offer innovative, well-managed products backed by the knowledge, resources and power of the large Generali Group.”

THE GENERALI GROUP
Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of more than EUR 69.7 billion in 2019. With nearly 72,000 employees serving 61 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali’s ambition is to be the “Life-time Partner” to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network. In Austria, Central and Eastern Europe and Russia the Group operates through its Austria, CEE & Russia Regional Office (Prague) in 13 countries being one of the top three insurers in the Region.
Generali Investments has EUR 630 billion in assets under management globally, and EUR 23 billion in assets under management in the CEE countries, which makes it one of the largest asset management companies in the CEE region.

 

 

Generali Investments with the Best Asset Manager of the Decade

 

Each year, the Moje finance magazine proclaims the best mutual and pension funds and the best asset manager. At this year’s annual event held as a video conference, the Best Asset Manager of the Decade was selected for the first time – a title that went to Primož Cencelj, CFA, Senior Portfolio Manager at Generali Investments.

Primož Cencelj, who manages two bond funds, Generali Bond and Generali Corporate Bonds, and a money market fund, Generali MM, won the title of the Best Fund Manager in 2014, at the age of only 29. He later won this prestigious title two more times, in 2016 and 2018. This year, he missed it by a hair’s breadth, finishing second. His bond fund won five stars and three silhouettes for the best managed funds in Slovenia for all the three relevant periods (3, 5 and 10 years). With its long-standing experience in the Slovenian and regional capital markets, and excellent international connections, the asset management team of Generali Investments won the Best Fund Manager title a record six times in the decade, in 2011, 2014, 2016, 2017, 2018 and 2019.

At this year’s event, stars were also assigned to funds for 3-year, 5-year, and 10-year periods, representing the highest recognition in the mutual fund industry and expressing unparalleled excellence in fund management.

This year’s top awards – five stars – went to the following funds:
– For 3-year, 5-year and 10-year periods in the European Corporate and Aggregate Bond category: Generali Bond
– For a 10-year period in the Equity Information Technology category: Generali Technology

In the category of the Best Asset Manager of the five-year period 2015–2019, Primož Cencelj won second place, and also became the Best Asset Manager of the Decade – from 2010 to 2019. In the same category, David Zorman of Generali Investments came fourth.

Upon receiving the Moje Finance award for the Best Asset Manager of the Decade from Andrej Šircelj, the Minister of Finance, Primož Cencelj, CFA, said: “I am grateful to my wife for all her support, and to my current and former colleagues and bosses. I wish the next decade to be a period of inflows into mutual funds. And I wish Slovenians to recognise the investment opportunities presented by this industry.”

Luka Podlogar, the President of the Management Board of Generali Investments, stressed: “I am proud of our team, and – frankly speaking – not surprised that we won the Best Asset Manager of the Decade award. Winning numerous national and international awards in the past, we have repeatedly proven that we work with a top team characterised by a winning mindset.”

 

Growth Equity Fund in the process of acquiring a share in the company LIT Tranzit d.o.o., Trzin

LIT Tranzit d.o.o. is a global high-tech company with its headquarters in Trzin, Slovenia, and a development centre in Maribor. This innovative business develops and integrates intelligent public transport and mobility solutions. Its products are used in more than 25,000 buses around the globe, directly benefitting more than 5 billion passengers annually on all continents. Its solutions are implemented in cities with the most advanced public transport systems in the world, such as Hong Kong, Singapore, Nagoya and Tel Aviv. LIT Tranzit solutions come in four clusters:

  • a cloud platform for public transport operations management;
  • fare and revenue management solutions for cities and public transport operators;
  • computation and distribution of passenger information and
  • general mobility solutions.

The company’s biggest competitive advantage is a vertically integrated system with accurate and reliable algorithms predicting arrivals in public transport.

 

The Generali Growth Equity Fund’s equity investment in Lit Transit will help the company continue its research and development activities in today’s mobility challenges and environment protection through high-tech software solutions that are an essential contribution to sustainable development.

Generali Growth Equity Fund is a special investment fund managed by Generali Investments, Slovenia’s oldest management company with subsidiaries in Croatia and North Macedonia. Generali Growth Equity Fund invests in ambitious small and medium-sized companies, offering support for growth financing, capacity expansion, sales network building and new product development as well as the acquisition of competitors and management of succession matters.


The Generali Growth Equity Fund investment in LIT TRANZIT, programske rešitve, d.o.o., is co-financed by the European Investment Fund and the SID Bank. Generali Growth Equity Fund was founded in 2019 as part of the Slovene Equity Growth Investment Programme (SEGIP), which was launched upon the initiative of the SID Bank in cooperation with the European Investment Fund (EIF). It offers equity and quasi-equity financing to Slovenian SMEs and mid-cap companies. The SID Bank committed to contributing EUR 50 million of its own funds to this programme (without state guarantee), and the EIF has provided an additional EUR 50 million under the European Fund for Strategic Investments (with EFSI guarantee). By mobilising additional funding from other private investors through the SEGIP programme, overall investments for Slovenian companies could exceed EUR 150 million, which is 3-times the contribution of the SID Bank.

 

 

Generali Growth Equity Fund in the process of acquiring a share in the company Panorganix d.o.o., Ljutomer

 

 

Panorganix d.o.o., a modern agricultural production business, is a pioneer of selling “living” products, that is products with their roots still in the ground and packaged in special biodegradable packaging, representing “a step forward in organic production”. The company’s production processes follow contemporary nutrition trends. The existing range is being constantly expanded with new products, using the latest agricultural production technology that includes the protection of a clean environment.

The Generali Growth Equity Fund’s equity investment in Panorganix will help the company further develop its innovative, high-tech methods of growing the highest quality fruit and vegetables, delivering them to customers full of freshness, flavour and rich in nutritional value. It will also help the business spread its sustainable agriculture, using cutting-edge technology and innovative, nature and environment friendly methods, to the broader region.

Generali Growth Equity Fund is a special investment fund managed by Generali Investments, Slovenia’s oldest management company managing EUR 1,025 million of assets together with its subsidiaries in Croatia and North Macedonia. Generali Growth Equity Fund invests in ambitious small and medium-sized companies, offering support for growth financing, capacity expansion, sales network building and new product development as well as the acquisition of competitors and management of succession matters.

The Generali Growth Equity Fund investment in Panorganix is co-financed by the European Investment Fund and the SID Bank. Generali Growth Equity Fund was founded in 2019 as part of the Slovene Equity Growth Investment Programme (SEGIP), which was launched upon the initiative of the SID Bank in cooperation with the European Investment Fund (EIF). It offers equity and quasi-equity financing to Slovenian SMEs and mid-cap companies. The SID Bank committed to contributing EUR 50 million of its own funds to this programme (without state guarantee), and the EIF has provided an additional EUR 50 million under the European Fund for Strategic Investments (with EFSI guarantee). By mobilising additional funding from other private investors through the SEGIP programme, overall investments for Slovenian companies could exceed EUR 150 million, which is 3-times the contribution of the SID Bank.

 

Notice of change in the ownership structure

By virtue of the merger, Generali zavarovalnica d. d. became the holder of the 100% interest in Generali Investments d. o. o. and thus the direct holder of a qualifying holding in Generali Investments d. o. o., whilst Adriatic Slovenica d. d. ceased to be the holder of a direct qualifying holding in Generali Investments d. o. o.

Investors may request additional information by sending an e-mail to objave@generali-investments.si.

Generali Investments, družba za upravljanje, d. o. o.
Management Board

KD Funds again the best Slovenian asset management company with the best asset management team

 

In the nine years’ history of these awards, which are presented by the magazine Moje finance, a KD Funds manager has been selected as the top fund manager of the year for six times, and the fourth consecutive year. Four other members of the managers’ team of KD Funds, the best management company, were ranked among the top 10 asset managers in Slovenia: Primož Cencelj, the Best Fund Manager of 2018, was ranked second, Aleš Lokar, the Best Fund Manager of 2017 was ranked third, David Zorman, the Best Fund Manager of 2010, was ranked fifth and Sašo Šmigić, a KD Funds team members, was ranked ninth. KD Funds has again been recognised as the best management company for a five-year period. KD Funds was also awarded with 7 Zvezdonos statuettes – that is the highest rating of 5 stars, which testify to the supreme quality of fund management.

The awards and star-based ratings given to these funds for three- and five-year periods represent the highest recognition in the industry, and are proof of the supreme quality of management of the funds in their respective categories.

 

This year’s highest award – five stars – went to the following winning funds:

For a three-year period:

KD Bond, EUR

KD Rastko, Europe Equity

KD Eastern Europe, Equity

For a five-year period:

KD Galileo, Mixed Flexible Fund

KD Rastko, Europe Equity Fund

KD Eastern Europe, Equity

KD Bond, EUR

 

Photo: Jure Makovec

 

Luka Flere, CFA is Director of Asset Management at KD Funds and is in charge of managing regional fund, KD Eastern Europe. The Best Mutual Fund Manager award has been bestowed by a Slovenian financial magazine »Moje finance« and Mr. Andrej Bertoncelj, Minister of Finance. At this occasion Luka Flere said: »This award is a confirmation of our good work. Asset Management is a team effort. The Asset Management team of KD Funds always strives to work for the benefit of our investors. Our main advantage is the common potential of the entire team«.

 

Luka Podlogar, CEO of KD Funds said: »We are proud to be a part of a team where a winning mindset is one of our core values. We prove our winning mentality with great results. Our achievements are the result of the work and determination of our employees«.