(Ljubljana, Zagreb, 9 September 2021) Generali Growth Equity Fund, a private equity fund established and managed by Generali Investments, closes the acquisition of a 74% stake in Diverto d.o.o., a cyber security company based in 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.