(Ljubljana, 9 March 2020) Generali Growth Equity Fund, a private equity fund established and managed by Generali Investments, is in the process of acquiring its second investment, the agricultural company Panorganix d.o.o., Ljutomer, from the Pomurje region.
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.