PCP SEE Fund II

Croatia
Series B
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About PCP SEE Fund II

Croatia's growth-buyout fund targeting market-leading firms in SE Europe (healthcare, tech, consumer) with equity tickets of ~€15-25M.

Investment Focus

Location / RegionCroatia
Funding StageSeries B
Industry Focus
Consumer Commerce
Digital Health
Enterprise Software

Investor Signals Profile

active

Sweet Spot

Profitable SEE SME owner seeking PE partner €10–25M

SEE private equity
healthcare consolidation
buy-and-build
€10–25M tickets
profitable SMEs

Bullish Signals

€250M+ raised, 3 offices, 9 portfolio companiesexternal
Fund II first close + first deal completedexternal
Won Fundraising of Year 2025 award recognitionexternal
9 portfolio cos manage 1700+ employees combinedexternal
Regional expansion into Romania & Bulgaria officesexternal
Ophthalmology platform launch, regional healthcare playexternal
Arsano acquired Prima Nova Dec 2025, consolidatingexternal
Haelan Bulgaria healthcare, largest outpatient networkexternal
Seatbelt Consulting leading occupational health Romaniaexternal
Burra Group technology services consolidation platformexternal
Vetti Group largest veterinary network CEE regionexternal
DSD Slovenia 70K+ radiology services annually, leadingexternal
Adria Dental Group 55K patients, 240K procedures/yrexternal
Keindl Sport omnichannel bicycles, 7 stores + webshopexternal
Igor panelist Lider Financial Forum Apr 2026external

Contrarian Signals

Niche SEE geography limits deal sourcing velocityexternal
Heavy healthcare concentration risk in portfolioexternal
PE-only strategy excludes VC/early-stage foundersexternal

Founder Do's

Operate in Healthcare, Tech, Consumer, Business Services
Based in South Eastern Europe
Profitable with growth potential
Open to hands-on operational support & governance
Seeking expansion capital, M&A, or consolidation play

Founder Don'ts

Early-stage or pre-revenue startups
Outside SEE geography
Unwilling to share governance or partner with PE

Key GPs & Partners

Igor Čičak
Managing Partner & CEO
operatorstrategistfounder
MG
Marko Galić
Partner
deal-makerEBRD backgroundM&A
ID
Ivan Dujmović
Partner
bankingasset managementoperator
SR
Silvijo Radušić
Managing Director
M&A advisorinterim CEOdealflow
SG
Sinja Gerić Sattler
CFO
FCCAKPMG backgroundfinance
MM
Mislav Medved
Managing Director
CFACAIAops leader
SA
Sanja Ančić Ćurković
Director – ESG & Portfolio
McKinseyhealthcareESG
LC
Luka Certić
Director
Big 4M&Adental
US
Una Savić
Director – Investor Relations
LSE PhDCitigroupIR
BK
Borna Krištović
Principal
Big 4buy-and-buildM&A
CC
Cosmin Comsa
Director – Romania
KPMGM&ACEE
GT
Georgi Tsonev
Director – Bulgaria
ACCAUniCreditIB
TH
Toma Haffner
Senior Analyst
KPMGM&ARomania
HN
Hristiyan Nedkov
Senior Analyst
CFAUniCredit IBBulgaria
IV
Ivo Divizić
Senior Analyst
CFA L3KPMGdeal advisory
AR
Antonija Radoš Šimac
Office Manager
operationsadmin
ŽL
Željka Lušičić
Office Administrator
admin

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Fund Overview

Fund Size€163M
Saves0

Key People

Igor Čičak

Igor ČičakManaging Partner & CEO
Marko GalićPartner
Ivan DujmovićPartner
Silvijo RadušićManaging Director
Sinja Gerić SattlerCFO
Mislav MedvedManaging Director
Sanja Ančić ĆurkovićDirector – ESG & Portfolio
Luka CertićDirector
Una SavićDirector – Investor Relations
Borna KrištovićPrincipal
Cosmin ComsaDirector – Romania
Georgi TsonevDirector – Bulgaria
Toma HaffnerSenior Analyst
Hristiyan NedkovSenior Analyst
Ivo DivizićSenior Analyst
Antonija Radoš ŠimacOffice Manager
Željka LušičićOffice Administrator

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