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Studenac acquired 100% of Pemo, the most respected retail brand in the Dubrovnik region, becoming the largest Croatian retail chain by number of stores and solidifying its position as a leader in the Adriatic region. The acquisition will add nearly 40 stores to Studenac network, bringing the total to almost 750, on more than 500 locations. Pemo’s 300 employees will join more than 3,700 already working at Omiš-based Studenac.
The takeover builds on Studenac’s successful history of acquisitions , including Istarski Supermarketi and Sonik in 2019. Studenac has been operating since 1991 and in 2018 it was taken over by the Polish Enterprise Investors investment fund.
Enterprise Investors is the oldest and one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds with total capital exceeding EUR 2.5 billion.
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