GRUBISIC & Partners Corporate Finance

GRUBISIC & Partners Corporate Finance acted as the exclusive financial advisor to Entrio on EUR 9m growth equity investment by Invera Equity Partners. Founded in 2011, Entrio is the fastest growing regional ticketing platform operating across Croatia, Slovenia, and Bosnia and Herzegovina. In 2023, the group sold more than one million tickets for over 3,000 events continuing on high double digit growth trajectory. Invera Equity Partners is entrepreneur run private equity fund with global presence through its portfolio. Entrio is the fourth investment for Invera, alongside Museum of Illusions, Marles, and kompare.hr. We are very grateful to all shareholders of Entrio, in particular the company's founders - Berislav Marszalek and Sonja Trajanovski Marszalek - for their utmost trust in our team led by Darijo Krešić and Antonio Tandara, supported by legal advisors from LOVRIĆ NOVOKMET & PARTNERS LLC. Invera was advised by Schoenherr Attorneys at Law.

GRUBISIC & Partners Corporate Finance acted as the exclusive financial advisor to shareholders and management of ITgma in the sale of majority ownership stake to Modirum. This transaction adds to a dozen of technology related deals completed by our team in the last 3 years. It also reflects on our efforts to advise increasing number of regional clients on cross-border transactions. Founded in 2009, ITgma Group is one of the leading South East European software service providers with focus on telco, banking and finance sectors. In addition to focus on complex end-to-end software development solutions, with exceptionally strong backend expertise, ITgma has developed array of its proprietary products which are catered to enterprise clients worldwide. ITgma Group employs 125 specialists across its Macedonian, Serbian and UAE (ITgma EMEA) delivery centers. Founded in Helsinki, Finland, in 1997, Modirum has been a global leader in payment authentication until the divestiture of this segment in late 2023 to Entersekt, Accel-KKR backed platform. Following this strategic shift, Modirum expanded its focus to include professional services, security technologies, and fintech, while broadening its scope into payment and security technology. We are pleased with professional work of our legal advisor Schoenherr Attorneys at Law led by Luka Lopicic in cooperation with Andrea Lazarevska, and highly appreciate constructive contribution made by PwC Legal under coordination of Vasko Sotkaroski who advised the buyer. Congratulations to the entire Modirum team led by Tero Silvola. Finally, we greatly appreciate the trust of Dejan Gicevski, Sasko Celakovski, Riste Kolev and Filip Petkov from ITgma who worked closely with our Darijo Krešić and Mario Bajlović on bringing this joint endeavor to a successful realization.

Our 2023 deal book snapshot is here 📣 ✅ 7 closed and 9 signed deals across United States, Estonia, Serbia and Croatia ✅ third year in a row with annual closed deals value above EUR 100m bringing our trailing 36 months total to well over EUR 500m           ✅ third year in a row as most active Croatian M&A advisor ✅ #1 M&A advisor in ex-Yugoslavia region and #2 in Southeastern Europe by deal count according to Mergermarket. Large thanks to GRUBISIC & Partners Corporate Finance colleagues, our great clients and friends as well as legal advisors and other partners for enabling us to move forward at fast pace while being super committed to every deal that enters the house. Looking forward to 2024! Andrej Grubišić Marko Klipic Mario Bajlović Neven Cvitas, CFA Antonio Tandara Roman Lovrić Ivan Rajevac Bruno Babić Leonardo Matanović

GRUBISIC & Partners Corporate Finance acted as the exclusive financial advisor to the management and shareholders of EURO POSREDOVANJE in the sale to Unilink S.A., a member of the U.S. based Acrisure group. EURO POSREDOVANJE is one of the largest Croatian insurance brokers specialized in insurance and reinsurance mediations for all types of life and non-life insurance, insurance counselling, risk and damage assessment, and damage compensation assistance. Unilink S.A., a member of Acrisure group, is the leading insurance broker in Central and Eastern Europe. Acrisure is the fastest growing global insurance broker and one of the largest providing customers with intelligence-driven financial services solutions for insurance and reinsurance. The group employs over 16,000 employees in 20+ countries. We would like to thank both legal counsels, BMWC headed by Ivan Luetić and Ignacija Glavina (on the sellers' side), and Wolf Theiss led by Dora Gaži Kovačević (on the buyer's side). Our utmost gratitude goes to Domagoj Bešić and Vladimir Mihelj who have built an exquisite business and entrusted GRUBISIC & Partners Corporate Finance team led by Darijo Krešić and Marko Klipic to prepare, structure, and execute this transaction. This is our 3rd USA - Croatian deal in the last 24 months and 4th insurance brokerage deal in our portfolio. With one more announcement soon to be made with regards to deals of 2023, we at GRUBISIC & Partners Corporate Finance are concluding 2023 with 8 transactions and a total deal value of EUR 101m.