Corporate finance
Committed to finding winning strategies.
With our knowledge and experience to joint victories. We have advised clients in the largest and most notable acquisitions in recent years in the region.
Why ILIRIKA
Your partner for corporate finance.
Years of experience
We have advised clients in the largest and most significant takeovers in the region in recent years.
We have participated in some of the largest and most demanding acquisitions in the region. Today, we use this knowledge for you.
Knowledge and expertise
Deep market knowledge
Excellent knowledge of the region and international experience.
We understand the local business environment, regulations and key players, and know how to use this advantage to your benefit.
Global reach
International reach
With local expertise, we help achieve a global vision.
Through our established network of partners, we connect your business with investors and buyers across Europe and beyond.
Our services
A comprehensive range of financial services.
Mergers and acquisitions advisory
Searching for and analysing suitable acquisition targets
Independent business valuation and risk assessment
Structuring the transaction and negotiating in your interest
Managing the entire acquisition process from start to finish
Advising on the sale of a business
Preparing the company for sale
Developing the sales strategy and finding the right buyers
Professional sales documentation
Protecting your interests in negotiations and when closing the deal
Other financial solutions
Equity or debt recapitalisation and restructuring
Initial public offering (IPO) and preparation for public markets
Issuance of bonds, commercial papers and other debt instruments
Due diligence in buying or selling
Squeeze-out of minority shareholders in accordance with the law
Selected transactions
Many years of experience in the region.
Year
Client
Target company
2024
Consortium
LON d.d., Kranj
2024
Consortium
TANIN SEVNICA plc
2024
Consortium of individuals
SGP GRADITELJ d.d.
2023
MLINO Ltd.
VIPA HOLDING d.d.
2023
PA d.o.o.
ELMA TT plc
2023
Rucio Investment S.à r.l. and Andrej Mertelj
DATALAB d.d.
2023
GONVARRI CORPORACION FINANCIERA, S.L.
H & R d.d.
2022
BHM Logistics II a.s.
ILANA d.d.
2022
REGAL d.o.o.
PANVITA Mesnine d.d.
2022
REGAL d.o.o.
PANVITA plc
2021
MINERAL Ltd.
CP Ptuj plc
2021
REGAL d.o.o.
PANVITA Meats plc
2021
REGAL d.o.o.
PANVITA plc
2021
FORTENOVA GRUPA d.d.
MERCATOR, d.d.
2021
Republic of Slovenia (SDH, plc)
TERME OLIMIA d.d.
2021
KM Installations, Ltd.
REMONT d.d.
2020
AKAI, business consulting, Ltd.
AGIS TECHNOLOGIES, plc
2020
Alex Luckmann and others
H & R d.d.
2020
KOMPAS KAPITAL Ltd. and IBL CROMING Ltd.
ZR INVEST d.d.
2020
Jože Šinkovec
KOPITARNA SEVNICA d.d.
2020
POMIN, authorised company plc, Ljubljana
MINERVO d.d. Ljubljana
2020
OTP BANK NYRT.
SKB Bank plc Ljubljana
2019
ILIRIKA plc Ljubljana
ILIRIKA Blue Star plc
2019
MAX-RENT Business Services Ltd.
Celje Fair plc
2019
AE Real Estate Ltd.
REGIA GROUP d.d.
2019
Telemach, broadband communications, Ltd.
Telemach Tabor d.d.
2019
Telemach, broadband communications, Ltd.
Telemach Tezno d.d.
2019
Telemach, broadband communications, Ltd.
Telemach Pobrežje d.d.
2019
AIK Banka A.D. Belgrade
Gorenjska Bank d.d.
2019
COFACE SA
First Credit Insurance Company plc
2019
MAX-RENT, business services Ltd.
Celje Fair d.d.
2018
SALUS trading in pharmaceutical, medical and other products, plc, Ljubljana
SANOLABOR, company for the sale of medical, laboratory and pharmaceutical products, plc
2018
ALEA Engineering, Ltd.
TERME DOBRNA, thermal spa plc
2018
RRC Computer Services, Ltd.
Pomurske Dairies plc
2018
HISENSE
GORENJE, d.d.
2018
INTUS INVEST d.o.o.
TERME TOPOLŠICA, d.d.
2018
Alpine Investment Company Ltd.
RTC KRVAVEC, plc
2018
CAPITAL COOPERATIVE, z.b.o.
Advisory services for the sale of a stake in DEŽELNA BANKA SLOVENIJE d.d.
2017
IMO-REAL d.o.o.
PANVITA Meats plc
2017
IMO-REAL d.o.o.
PANVITA plc
2017
KOLPA HOLDING Ltd.
KOLPA plc, Metlika
2017
RRC d.d., Ljubljana
Vogel Bohinj Cable Cars, plc
2017
KOMPAS SHOP Ltd.
NAMA d.d.
2017
ALEA d.o.o.
TERME DOBRNA plc
2017
KJK Investments 7, Ltd.
Kovinoplastika Lož plc
2016
SVILA IN d.o.o.
TEKSTINA plc Ajdovščina
2016
PERSPEKTIVA DZU, d.o.o.
HIDROTEHNIK plc
2016
FMR HOLDING - authorised company
FMR d.d.
2016
MLINO Ltd.
MLINOTEST d.d.
2016
MLINO Ltd.
VIPA HOLDING d.d. – in liquidation
2016
BISER BIDCO
KBS BANKA, d.d.
2016
EBS GROUP d.o.o.
JELOVICA, d.d.
2016
ISTRABENZ TURIZEM plc
Advisory services for the sale of the Grand Hotel Adriatic hotel
2016
EUROPEAN ARCHITECTURAL SYSTEMS
TRIMO plc
2016
IMO-REAL Ltd and others
SGP POMGRAD d.d.
2016
AA INTERNATIONAL AVIATION HOLDING
ADRIA AIRWAYS plc
2015
RRC plc, Ljubljana
Vogel Bohinj Cable Cars, plc
2015
HEINEKEN INTERNATIONAL
Pivovarna Laško plc
2015
PODRAVKA plc
ŽITO plc
2015
ARRIVA
ALPETOUR d.d.
2015
LOXODONTA, Ltd.
HOTEL SLON d.d.
2015
KOFOLA a.s.
RADENSKA d.d.
2015
PRIMORJE plc - in bankruptcy (advising on the sale of a subsidiary)
Road Enterprise Požarevac plc (Serbia)
2015
CINVEN LLP
Telekom Slovenije plc
2015
Deutsche Bahn
Project in Slovenia
2015
KOFOLA GROUP
RADENSKA d.d.
2015
KOMPAS SHOP Ltd.
VELANA d.d.
2014
TRIGLAV Insurance Company plc,
Joint Pension Company plc
2014
CARLSBERG GROUP
Pivovarna Laško plc
2014
TALANX GROUP
Project in Slovenia
2014
VINCI
Ljubljana Airport plc
2014
AGROKOR d.d.
MERCATOR d.d.
2014
M1 plc, DZS plc, MORPHEUS Ltd, TEM ČATEŽ plc
ELMO plc
2014
DNEVNIK d.d., DZS d.d., AB SISTEMI d.o.o., M1 d.d.
DELO Sales plc
2014
MAHLE GROUP
LETRIKA plc
2013
LACTALIS GROUP
Ljubljanske Mlekarne d.d.
2012
Gorenjski Tisk plc
CETIS d.d.
2012
Gorenjski Tisk plc
CETIS GRAF d.d.
2012
FRUTAROM SCHWEIZ AG (Withdrawal and squeeze-out)
ETOL d.d.,
2012
PLATANUS, d.o.o. (Purchase of 93% of shares and squeeze-out)
Terme Maribor plc
2012
TRIGLAV NALOŽBE d.d. (subsidiary, ZAVAROVALNICE TRIGLAV d.d.)
AVRIGO d.d.
2012
CASINO BLED plc
Casino Portorož plc
2012
GERFLOR Spa (co-operation in a potential acquisition)
JUTEKS plc
2011
HIT CASINOS, public limited company
Hospitality and gambling
2011
AGROKOR, plc (participation in the potential €881 million purchase in collaboration with J.P. Morgan)
MERCATOR d.d.
2011
KS Investments plc (co-operation in a potential takeover)
Pivovarna Laško plc
2008
ZAVAROVALNICA TRIGLAV plc (120,000 minority shareholders of the target company. Value EUR 23.7 million)
TRIGLAV INVESTMENTS plc
2008
PREVENT d.d.
2008
AKTIVA INVEST d.d.
Assets
2006
OMX (Ilirika advised on the potential takeover of LJSE on the basis of J.P. Morgan's recommendation)
Ljubljana Stock Exchange plc
2006
ALTIMA PARTNERS, London (value EUR 137 million)
MERCATOR d.d.
2006
MAOS d.o.o. (Transaction value EUR 39.5 million)
ISKRA d.d.
2006
CAPITAL CO-OPERATIVE z.b.o. (Transaction value 38.3 million EUR)
Regional Bank of Slovenia z.b.o.
2006
ARCELOR MITTAL
ALPOS d.d.
2005
CELESIO AG, Stuttgart (Acquisition worth EUR 51 million)
KEMOFARMACIJA plc
2005
IRLES d.o.o.
Postojna Forestry
2005
HERAKLITH AG (Acquisition worth EUR 57 million)
TERMO d.d.
2005
PREVENT d.d.
RGD-E
2005
TRIGLAV FINANCIAL COMPANY d.d. (a subsidiary of TRIGLAV. Transaction value EUR 14.2 million)
SLOVENIJALES d.d.
2005
TITUS INTERNATIONAL Plc. (Company based in Great Britain)
LAMA d.d.
2004
BPT d.d.
SVILANIT d.d.
2004
GORENJE d.d.
ATAG
2004
BOLETA Ltd.
D HOLDING d.d.
2004
GORENJE d.d.
ATAG
2004
GORAZD FALE
TUS-KOSI d.d.
2003
VIATOR VEKTOR d.d.
INTEGRAL LENDAVA d.d.
2003
LEYKAM TISKARNA Ltd. (sale of a stake in VEČER plc)
2003
CARISMA Ltd.
CREINA d.d.
2002
PRIMORJE d.d. (Withdrawal and squeeze-out)
GRADIS
2002
SAVA plc (Transaction value EUR 32.2 million)
Moravske Toplice plc
2002
VIATOR VEKTOR d.d.
TRANSPORT
2002
KZ VIPAVA Ltd.
Vipava
2002
TEVA (cooperation in a potential acquisition with Deutsche Bank)
LEK d.d.
2001
PREVENT d.d.
when you are
2001
HELIOS d.d. (Ilirika suggested the target and led the process)
Chromos Paints and Varnishes
2001
CAP TRADE Ltd. 6 private investors
CAPITA d.d.
2001
VIATOR & VEKTOR d.d.
TRANSAVTO POSTOJNA plc
2000
PRIMORJE plc (Squeeze-out and withdrawal)
RUDIS
2000
GORENJE d.d.
Gorenje Notranja Oprema d.d.
2000
PREVENT d.d.
LGM
2000
PREVENT d.d.
LESNA plc
1999
TRIGLAV Insurance Company d.d. (transaction value EUR 33.6 million)
TRIGLAV Financial Company plc
1999
INTEREUROPA d.d.
SCT d.d.
1999
KOBRAM d.o.o.
GRAD OGP BLED plc
1999
KOBRAM d.o.o.
GRAD OGP BLED plc
1999
NLB plc
Bank Domžale plc
1999
NLB d.d.
Bank Zasavje d.d.
1999
NLB plc
Koroška Bank plc
1998
NLB plc
Dolenjska Bank plc
1998
PREVENT d.d.
LESNA Ltd.
1996
SAVA plc (management consultancy)
GOODYEAR
Year.
Client
Target company
2024
Consortium
LON d.d., Kranj
2024
Consortium
TANIN SEVNICA plc
2024
Consortium of individuals
SGP GRADITELJ d.d.
2023
MLINO Ltd.
VIPA HOLDING d.d.
2023
PA d.o.o.
ELMA TT plc
2023
Rucio Investment S.à r.l. and Andrej Mertelj
DATALAB d.d.
2023
GONVARRI CORPORACION FINANCIERA, S.L.
H & R d.d.
2022
BHM Logistics II a.s.
ILANA d.d.
2022
REGAL d.o.o.
PANVITA Mesnine d.d.
2022
REGAL d.o.o.
PANVITA plc
2021
MINERAL Ltd.
CP Ptuj plc
2021
REGAL d.o.o.
PANVITA Meats plc
2021
REGAL d.o.o.
PANVITA plc
2021
FORTENOVA GRUPA d.d.
MERCATOR, d.d.
2021
Republic of Slovenia (SDH, plc)
TERME OLIMIA d.d.
2021
KM Installations, Ltd.
REMONT d.d.
2020
AKAI, business consulting, Ltd.
AGIS TECHNOLOGIES, plc
2020
Alex Luckmann and others
H & R d.d.
2020
KOMPAS KAPITAL Ltd. and IBL CROMING Ltd.
ZR INVEST d.d.
2020
Jože Šinkovec
KOPITARNA SEVNICA d.d.
2020
POMIN, authorised company plc, Ljubljana
MINERVO d.d. Ljubljana
2020
OTP BANK NYRT.
SKB Bank plc Ljubljana
2019
ILIRIKA plc Ljubljana
ILIRIKA Blue Star plc
2019
MAX-RENT Business Services Ltd.
Celje Fair plc
2019
AE Real Estate Ltd.
REGIA GROUP d.d.
2019
Telemach, broadband communications, Ltd.
Telemach Tabor d.d.
2019
Telemach, broadband communications, Ltd.
Telemach Tezno d.d.
2019
Telemach, broadband communications, Ltd.
Telemach Pobrežje d.d.
2019
AIK Banka A.D. Belgrade
Gorenjska Bank d.d.
2019
COFACE SA
First Credit Insurance Company plc
2019
MAX-RENT, business services Ltd.
Celje Fair d.d.
2018
SALUS trading in pharmaceutical, medical and other products, plc, Ljubljana
SANOLABOR, company for the sale of medical, laboratory and pharmaceutical products, plc
2018
ALEA Engineering, Ltd.
TERME DOBRNA, thermal spa plc
2018
RRC Computer Services, Ltd.
Pomurske Dairies plc
2018
HISENSE
GORENJE, d.d.
2018
INTUS INVEST d.o.o.
TERME TOPOLŠICA, d.d.
2018
Alpine Investment Company Ltd.
RTC KRVAVEC, plc
2018
CAPITAL COOPERATIVE, z.b.o.
Advisory services for the sale of a stake in DEŽELNA BANKA SLOVENIJE d.d.
2017
IMO-REAL d.o.o.
PANVITA Meats plc
2017
IMO-REAL d.o.o.
PANVITA plc
2017
KOLPA HOLDING Ltd.
KOLPA plc, Metlika
2017
RRC d.d., Ljubljana
Vogel Bohinj Cable Cars, plc
2017
KOMPAS SHOP Ltd.
NAMA d.d.
2017
ALEA d.o.o.
TERME DOBRNA plc
2017
KJK Investments 7, Ltd.
Kovinoplastika Lož plc
2016
SVILA IN d.o.o.
TEKSTINA plc Ajdovščina
2016
PERSPEKTIVA DZU, d.o.o.
HIDROTEHNIK plc
2016
FMR HOLDING - authorised company
FMR d.d.
2016
MLINO Ltd.
MLINOTEST d.d.
2016
MLINO Ltd.
VIPA HOLDING d.d. – in liquidation
2016
BISER BIDCO
KBS BANKA, d.d.
2016
EBS GROUP d.o.o.
JELOVICA, d.d.
2016
ISTRABENZ TURIZEM plc
Advisory services for the sale of the Grand Hotel Adriatic hotel
2016
EUROPEAN ARCHITECTURAL SYSTEMS
TRIMO plc
2016
IMO-REAL Ltd and others
SGP POMGRAD d.d.
2016
AA INTERNATIONAL AVIATION HOLDING
ADRIA AIRWAYS plc
2015
RRC plc, Ljubljana
Vogel Bohinj Cable Cars, plc
2015
HEINEKEN INTERNATIONAL
Pivovarna Laško plc
2015
PODRAVKA plc
ŽITO plc
2015
ARRIVA
ALPETOUR d.d.
2015
LOXODONTA, Ltd.
HOTEL SLON d.d.
2015
KOFOLA a.s.
RADENSKA d.d.
2015
PRIMORJE plc - in bankruptcy (advising on the sale of a subsidiary)
Road Enterprise Požarevac plc (Serbia)
2015
CINVEN LLP
Telekom Slovenije plc
2015
Deutsche Bahn
Project in Slovenia
2015
KOFOLA GROUP
RADENSKA d.d.
2015
KOMPAS SHOP Ltd.
VELANA d.d.
2014
TRIGLAV Insurance Company plc,
Joint Pension Company plc
2014
CARLSBERG GROUP
Pivovarna Laško plc
2014
TALANX GROUP
Project in Slovenia
2014
VINCI
Ljubljana Airport plc
2014
AGROKOR d.d.
MERCATOR d.d.
2014
M1 plc, DZS plc, MORPHEUS Ltd, TEM ČATEŽ plc
ELMO plc
2014
DNEVNIK d.d., DZS d.d., AB SISTEMI d.o.o., M1 d.d.
DELO Sales plc
2014
MAHLE GROUP
LETRIKA plc
2013
LACTALIS GROUP
Ljubljanske Mlekarne d.d.
2012
Gorenjski Tisk plc
CETIS d.d.
2012
Gorenjski Tisk plc
CETIS GRAF d.d.
2012
FRUTAROM SCHWEIZ AG (Withdrawal and squeeze-out)
ETOL d.d.,
2012
PLATANUS, d.o.o. (Purchase of 93% of shares and squeeze-out)
Terme Maribor plc
2012
TRIGLAV NALOŽBE d.d. (subsidiary, ZAVAROVALNICE TRIGLAV d.d.)
AVRIGO d.d.
2012
CASINO BLED plc
Casino Portorož plc
2012
GERFLOR Spa (co-operation in a potential acquisition)
JUTEKS plc
2011
HIT CASINOS, public limited company
Hospitality and gambling
2011
AGROKOR, plc (participation in the potential €881 million purchase in collaboration with J.P. Morgan)
MERCATOR d.d.
2011
KS Investments plc (co-operation in a potential takeover)
Pivovarna Laško plc
2008
ZAVAROVALNICA TRIGLAV plc (120,000 minority shareholders of the target company. Value EUR 23.7 million)
TRIGLAV INVESTMENTS plc
2008
PREVENT d.d.
2008
AKTIVA INVEST d.d.
Assets
2006
OMX (Ilirika advised on the potential takeover of LJSE on the basis of J.P. Morgan's recommendation)
Ljubljana Stock Exchange plc
2006
ALTIMA PARTNERS, London (value EUR 137 million)
MERCATOR d.d.
2006
MAOS d.o.o. (Transaction value EUR 39.5 million)
ISKRA d.d.
2006
CAPITAL CO-OPERATIVE z.b.o. (Transaction value 38.3 million EUR)
Regional Bank of Slovenia z.b.o.
2006
ARCELOR MITTAL
ALPOS d.d.
2005
CELESIO AG, Stuttgart (Acquisition worth EUR 51 million)
KEMOFARMACIJA plc
2005
IRLES d.o.o.
Postojna Forestry
2005
HERAKLITH AG (Acquisition worth EUR 57 million)
TERMO d.d.
2005
PREVENT d.d.
RGD-E
2005
TRIGLAV FINANCIAL COMPANY d.d. (a subsidiary of TRIGLAV. Transaction value EUR 14.2 million)
SLOVENIJALES d.d.
2005
TITUS INTERNATIONAL Plc. (Company based in Great Britain)
LAMA d.d.
2004
BPT d.d.
SVILANIT d.d.
2004
GORENJE d.d.
ATAG
2004
BOLETA Ltd.
D HOLDING d.d.
2004
GORENJE d.d.
ATAG
2004
GORAZD FALE
TUS-KOSI d.d.
2003
VIATOR VEKTOR d.d.
INTEGRAL LENDAVA d.d.
2003
LEYKAM TISKARNA Ltd. (sale of a stake in VEČER plc)
2003
CARISMA Ltd.
CREINA d.d.
2002
PRIMORJE d.d. (Withdrawal and squeeze-out)
GRADIS
2002
SAVA plc (Transaction value EUR 32.2 million)
Moravske Toplice plc
2002
VIATOR VEKTOR d.d.
TRANSPORT
2002
KZ VIPAVA Ltd.
Vipava
2002
TEVA (cooperation in a potential acquisition with Deutsche Bank)
LEK d.d.
2001
PREVENT d.d.
when you are
2001
HELIOS d.d. (Ilirika suggested the target and led the process)
Chromos Paints and Varnishes
2001
CAP TRADE Ltd. 6 private investors
CAPITA d.d.
2001
VIATOR & VEKTOR d.d.
TRANSAVTO POSTOJNA plc
2000
PRIMORJE plc (Squeeze-out and withdrawal)
RUDIS
2000
GORENJE d.d.
Gorenje Notranja Oprema d.d.
2000
PREVENT d.d.
LGM
2000
PREVENT d.d.
LESNA plc
1999
TRIGLAV Insurance Company d.d. (transaction value EUR 33.6 million)
TRIGLAV Financial Company plc
1999
INTEREUROPA d.d.
SCT d.d.
1999
KOBRAM d.o.o.
GRAD OGP BLED plc
1999
KOBRAM d.o.o.
GRAD OGP BLED plc
1999
NLB plc
Bank Domžale plc
1999
NLB d.d.
Bank Zasavje d.d.
1999
NLB plc
Koroška Bank plc
1998
NLB plc
Dolenjska Bank plc
1998
PREVENT d.d.
LESNA Ltd.
1996
SAVA plc (management consultancy)
GOODYEAR
‘More important than how much to start with is when to start. That is why in the world of asset management,
— Igor Štemberger, President of the Board of Ilirika
Contact us
Do you have a question about taking over a company?
Leave us your details and we will call you back. We will be happy to help you choose the right investment solution for your goals.
Contact us
Do you have a question about taking over a company?
Leave us your details and we will call you back. We will be happy to help you choose the right investment solution for your goals.
Contact us
Do you have a question about taking over a company?
Leave us your details and we will call you back. We will be happy to help you choose the right investment solution for your goals.
Contact us
Do you have a question about taking over a company?
Leave us your details and we will call you back. We will be happy to help you choose the right investment solution for your goals.
Connect
with us.
With our knowledge and experience, we assist you with acquisitions, mergers, sales of companies, and other financial solutions.
Connect
with us.
With our knowledge and experience, we assist you with acquisitions, mergers, sales of companies, and other financial solutions.
Connect
with us.
With our knowledge and experience, we assist you with acquisitions, mergers, sales of companies, and other financial solutions.
ILIRIKA Stockbrokerage House d. d., Ljubljana
Slovenska cesta 54a, 1000 Ljubljana
VAT ID SI95168222
Registration number 5831652
You are investing
ILIRIKA INVESTS FOR YOU
© 2026 ILIRIKA d.d. Investments in financial instruments are associated with risks.
ILIRIKA Stockbrokerage House d. d., Ljubljana
Slovenska cesta 54a, 1000 Ljubljana
VAT ID SI95168222
Registration number 5831652
You are investing
ILIRIKA INVESTS FOR YOU
© 2026 ILIRIKA d.d. Investments in financial instruments are associated with risks.
ILIRIKA Stockbrokerage House d. d., Ljubljana
Slovenska cesta 54a, 1000 Ljubljana
VAT ID SI95168222
Registration number 5831652
You are investing
ILIRIKA INVESTS FOR YOU
© 2026 ILIRIKA d.d. Investments in financial instruments are associated with risks.