Invera Equity Partners is wrapping up its first fund and has already begun preparations for the second one.
This fall brings new investments in the beauty industry and specialized manufacturing.
Future plans include expanding the portfolio and diversifying into different sectors.
Slaven Kordić, managing partner at investment firm Invera Equity Partners.
Invera Equity Partners is Entering an Exciting New Phase of Its Investment Journey
The first fund, which has achieved significant results, is entering its final phase, while the team is already actively working on preparing a second fund. This new fund aims to broaden the investment base by including new partners and investors.
“We’re nearing the end of investments in this fund, which is an important milestone. We’re starting to think about fundraising for the second fund, which would include all current investors as well as new individual and institutional investors who didn’t participate in the first round,” said Slaven Kordić, managing partner at Invera Equity Partners, in an interview with Bloomberg Adria.
For the second fund, Invera plans to maintain its focus on companies with high-quality, scalable products, especially in the B2C segment.
Key Upcoming Investments
Invera is working on two major new investments that will be critical for the second fund. One targets the beauty industry, while the other involves highly specialized manufacturing, though details remain confidential for now. If everything goes as planned, these investments will be revealed by late October.
Investment Criteria
Invera Equity Partners evaluates potential investments based on several key criteria to ensure long-term success. Their focus is on companies with strong products or services that are competitive in European and global markets and have significant scaling potential.
“We like companies with good products in the B2C segment that can grow quickly,” emphasized Kordić.
The evaluation process begins with weekly meetings where the team reviews projects and assesses their value. This is followed by industry research and financial analysis. “We consult with industry experts to better understand specific sectors. If we determine the company is worth our investment, we move on to due diligence,” he explained.
Global Success: Museum of Illusions
One of Invera Equity Partners’ most notable successes is the Museum of Illusions, which has achieved worldwide recognition and extraordinary success.
“They nailed the product—it’s excellent, people love it and recognize it. It translates easily across cultures without needing much adaptation,” said Kordić.
From an initial team of five employees, the Museum of Illusions has grown to 500 staff members, with plans to reach 600 by the year’s end. Currently, there are 60 museums globally, and 30 more are expected to open next year, focusing on the U.S. and Western Europe.
In June, Entrio secured a strategic investment of over €9 million from Invera Equity Partners, marking the largest investment cycle in the ticketing industry in Southeast Europe.
“Entrio meets all three key criteria we look for—a good product, scalability, and market recognition,” noted Kordić. The company has doubled its revenue every year for the past three years, demonstrating exceptional growth potential.
Invera plans to invest heavily in expanding Entrio’s functionality and geographic reach. The platform currently dominates event and music ticketing but aims to branch out into other sectors and regions, including Slovenia and Bosnia and Herzegovina.
Looking Ahead
Invera Equity Partners envisions itself as a key partner for small and medium enterprises in the region, with ambitions to expand globally.
“In five to ten years, we hope to be working on our third or fourth fund. We aim to do more, faster, and across more markets,” concluded Kordić.
The firm is already preparing for fundraising for its second fund, with future plans focusing on sectors with high growth potential. “Fundraising is a challenging and time-consuming process, but we believe in our vision and are ready to continue growing,” Kordić said optimistically.
Author: Danijela Goreta
September 13, 2024, 5:56 AM
Source: https://hr.bloombergadria.com/biznis/investicije/66247/invera-sprema-drugi-fond-slaven-kordic-nam-otkrio-u-sto-ce-ulagati/news
