Provectus Capital Partners SEE Fund II

Croatia
Growth
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About Provectus Capital Partners SEE Fund II

Healthcare, technology, consumer, business services, high-growth and fragmented sectors in Southeast Europe. Growth buyouts, "Buy & Build" strategy (equity tickets €15-25M per platform).

Investment Focus

Location / RegionCroatia
Funding StageGrowth
Industry Focus
Consumer Commerce
Digital Health

Investor Signals Profile

active

Sweet Spot

Profitable SEE business owner seeking PE partner for regional expansion

SEE private equity
healthcare buy-and-build
€10-25M tickets
fragmented sector consolidation
operational value creation

Bullish Signals

€250M+ capital raised, 9 portfolio companiesexternal
40+ add-on acquisitions completed successfullyexternal
Fund II first deal closed Feb 2026external
Fundraising of the Year 2025 awardexternal
9 portfolio companies across 4 sectorsexternal
Strong healthcare buy-and-build track recordexternal
New ophthalmology platform launched 2026external
Igor panel speaker Apr 2026 Vienna PE eventexternal
Arsano acquired Prima Nova Dec 2025external
ADG: 12 clinics, 700+ staff, 55K patientsexternal
Vetti: largest vet group in Croatia/regionexternal
DSD: 70K+ radiology services/year, Sloveniaexternal
Arsano: 100K+ patients, leading Adria groupexternal
Keindl Sport: 7 stores, omnichannel bikesexternal
Haelan Bulgaria healthcare platform addedexternal
Seatbelt occupational health Romania platformexternal
Burra Group technology services consolidatorexternal
Three offices covering SEE region expansionexternal

Contrarian Signals

Niche geography limits deal volumeexternal
Heavy healthcare sector concentration riskexternal
Small team for multi-country coverageexternal
Geopolitical uncertainty in SEE regionexternal

Founder Do's

Profitable, established business in fragmented sector
Open to PE partnership & governance upgrade
Healthcare, Tech, Consumer, Business Services focus
Based in South Eastern Europe (multi-country)
Ready for M&A-driven regional expansion

Founder Don'ts

Early-stage or pre-revenue startups
Outside SEE geography
Resistant to hands-on operational involvement

Key GPs & Partners

Igor Čičak
Managing Partner & CEO
strategy-ledoperatorfounder-background
MG
Marko Galić
Partner
deal-focusedEBRD-backgroundM&A
ID
Ivan Dujmović
Partner
banking-backgroundhands-onexec
SR
Silvijo Radušić
Managing Director
M&A-advisoroperatorinterim-CEO
SG
Sinja Gerić Sattler
CFO
FCCAKPMG-backgroundfinance-ops
MM
Mislav Medved
Managing Director
CFACAIAops-expert
SA
Sanja Ančić Ćurković
Director – ESG & Portfolio
McKinsey-backgroundESGhealthcare-expert
US
Una Savić
Director – Investor Relations
LSE-PhDCambridge-backgroundCiti-IB
CC
Cosmin Comsa
Director – Romania
KPMG-backgroundM&ARomania-focused
GT
Georgi Tsonev
Director – Bulgaria
UniCredit-IBACCA-FellowBulgaria-focused
LC
Luka Certić
Director
Big4-backgrounddeal-executiondental-focus
BK
Borna Krištović
Principal
buy-and-buildBig4-backgroundPE-portfolio
TH
Toma Haffner
Senior Analyst
KPMG-backgroundRomania-focuseddeal-support
HN
Hristiyan Nedkov
Senior Analyst
CFALSE-backgroundBulgaria-focused
IV
Ivo Divizić
Senior Analyst
KPMG-backgroundCFA-candidatedeal-support
AR
Antonija Radoš Šimac
Office Manager
operationsoffice-management
ŽL
Željka Lušičić
Office Administrator
administration

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Fund Overview

Fund Size€162.5M
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
Una SavićDirector – Investor Relations
Cosmin ComsaDirector – Romania
Georgi TsonevDirector – Bulgaria
Luka CertićDirector
Borna KrištovićPrincipal
Toma HaffnerSenior Analyst
Hristiyan NedkovSenior Analyst
Ivo DivizićSenior Analyst
Antonija Radoš ŠimacOffice Manager
Željka LušičićOffice Administrator

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