Element Capital Partners acquires stake in NFD

Elements Capital Partners Ltd said Tuesday that it has that it has bought a minority stake in NFD d.o.o.. No financial terms were disclosed. As a result of the transaction, Elements Capital Partners and the NETA financial group own 82% of NFD. Headquartered in Ljubljana, Slovenia, NFD is that country’s largest mutual fund group.


LJUBLJANA, Slovenia and NICOSIA, Cyprus, November 12, 2013 /PRNewswire/ —
Elements Capital Partners Ltd, the emerging private equity firm, has announced today that it has acquired 40.84% of NFD d.o.o., – the Slovenian mutual fund company. Along with the NETA financial group, the two companies now control 82% of NFD d.o.o. Financial terms have not yet been released and the transaction is subject to regulatory approval.
Headquartered in Ljubljana, NFD is Slovenia’s largest mutual fund group with over 80 million Euro in assets under management. “NFD has a footprint in the Balkans that few other firms have, in addition to a seasoned management team,” said Karl E. White, one of the three founders of Elements Capital: “This transaction is a considerable accomplishment for us and an excellent example of the exciting investment opportunities in the rapidly developing South East Europe region.”
The acquisition of NFD by Elements provides the company with a vehicle and management team that allow them to be in the best possible position to benefit from the expected recovery in the Balkan markets, especially Greece. “Our vision is that of firmly establishing NFD as the premier mutual fund company in the Balkans,” said White.
Founded in 1994 by distinguished banks and an insurance company, NFD has been actively present in Slovenia in the financial markets from the onset. “We look forward to this new chapter for NFD,” said Roman Ambroz, CEO of NFD. “A collaborative approach and investor support services will bolster our ability to serve our fund investors.”
NFD’s flagship, NFD 1 investment fund (LJSE listed: NF1N) has been one of the best performing funds since its inception back in 1998. NFD currently has 82m Euro under management within its umbrella fund.
About Elements Capital Partners
Elements Capital Partners Limited is a boutique investment firm specializing in real estate and private equity opportunities throughout South East Europe.
Elements Capital Partners Limited was established in 2010 by Savvas A. Liasis, Karl E. White and Ugur Yildirim. The company’s mission statement is “To deliver exceptional returns from investments throughout South East Europe and inspire the confidence and loyalty of our investors.
Elements focuses on South East Europe – a region of 150 million people that boasts favorable demographic trends and economic growth prospects in comparison to a number of other better known regions. A number of countries in the region have become full members of the EU or are candidates for accession. These factors have created an environment that is supportive of substantial returns on private equity investments.
Elements investment activities focus on heritage property, renewable energy, and financial services. http://www.elements-capital.com