GroundStone and Elements Sign Cooperation for Croatian Market

The companies GroundStone Capital and Elements Capital Partners decided to join forces on the Croatian market and will focus on uncovering unique opportunities, offering traditional and innovative value-added advice and integrated solutions that help their investors and portfolio companies achieve their business goals. The agreement will focus on telecommunications, media, ICT, real-estate and tourism.

The two companies will collaborate on mutually identified business opportunities and investments in Croatian companies that present significant growth potential. Elements’ presence in South East Europe, the team’s deep industry knowledge, significant transaction experience and GroundStone's expertise in the local markets coupled with an extensive network will help to identify and capture attractive investment opportunities.

“Croatia plays an important role in the political and economic stability of Southeast Europe, with numerous innovative and well run companies that possess strong potential to transform the Croatian economy. Often, the only thing lacking is financial support necessary to reach that full potential,“ Ugur Yildirim, Elements Capital Co-Founder said.

Elements Capital Partners was established in 2010. as an investment management and advisory firm. The company is specialized in special situations investments, distressed debt, privatizations and turnaround opportunities. Elements has issued over the last 12 months 1 billion EUR worth of binding bids and executed just under 200 mil EUR, including the acquisition of a substantial amount of debt claims of Slovenian financial holding companies Istrabenz and Sava. GroundStone Capital is managing more than 25 million EUR in assets and has an impressive track record of building up and restructuring companies, as well as an entrepreneurial nose for opportunities.