Uloga fondova rizičnog kapitala u procesu spajanja i preuzimanja na primjeru odabranog poduzeća

master's thesis

• Title (english): The role of private equity funds in the process of mergers and acquisitions on the example of selected company
• Author: Petra Turković
• Mentor: Jakša Krišto (mentor)
• Committee member: Maja Mihelja Žaja (predsjednik povjerenstva)
• Committee member: Dajana Barbić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Finance); Zagreb
• Defense date and country: 2022-09-27, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

Cilj ovog rada je analizirati ulogu i značaj fondova rizičnog kapitala u procesima spajanja i preuzimanja te kritički sagledati odabranu transakciju i poslovanje odabranog poduzeća prije i nakon preuzimanja. Fondovi rizičnog kapitala pomažu vlasnicima i menadžmentu da poslovanje njihovih poduzeća dosegne razinu koja im je do tada bila nezamisliva. Izvrstan primjer upravo takve ekspanzije je i poduzeće Studenac d.o.o. - lokalni lanac trgovina, koji je bio prepoznatljiv na području Dalmacije, ali koji kvalitetom nije mogao konkurirati „velikim“ igračima na domaćem maloprodajnom tržištu. Međutim, nepune četiri godine nakon preuzimanja od strane poljskog private equity fonda Enterprise Investors postao je lanac s najvećim brojem trgovina u Republici Hrvatskoj te s velikim potencijalom za daljnje širenje i ekspanziju.
Ovaj rad pruža i cjelovit pogled na trendove u spajanjima i preuzimanjima u Europi i Hrvatskoj te na prisutnost i dostupnost fondova rizičnog kapitala u Hrvatskoj.
Pri izradi analize poslovanja poduzeća Studenac d.o.o. prije i nakon preuzimanja korištene su vertikalna i horizontalna analiza financijskih izvještaja uz samostalni izračun pojedinih financijskih pokazatelja. Uz metodu analize, korištene su i metode kompilacije, deskripcije, sinteze, komparacije, klasifikacije i dedukcije.

Abstract (english)

The aim of this thesis is to analyze the role and significance of private equity funds in the process of mergers and acquisitions, and to critically review the selected transaction and operations of the selected company before and after the acquisition. Private equity funds assist the owners and the management of the target company to raise their business operations on a previously unimaginable level. An excellent example of such expansion is the company Studenac d.o.o. - a Croatian retail chain, which was well-known in the region of Dalmatia, but whose quality could not compare to the large retailers on the domestic market. However, less than four years after being acquired by the Polish private equity Enterprise Investors, it became the chain with the largest number of stores in the Republic of Croatia and with great potential for further expansion and growth.
This thesis also provides a comprehensive view of M&A trends in Europe and Croatia, as well as the presence and availability of private equity funds in Croatia.
When analyzing the operations of Studenac d.o.o. before and after the acquisition, vertical and horizontal analysis of financial statements were used, along with independent calculation of individual financial indicators. In addition to the analysis method, compilation, description, synthesis, comparison, classification and deduction methods were also used.

• Keywords: spajanja; preuzimanja; fondovi rizičnog kapitala; Studenac d.o.o.; Enterprise Investors
• Keywords (english): mergers; acquisitions; private equity funds; Studenac d.o.o.; Enterprise Investors
• Language: croatian
• URN:NBN: urn:nbn:hr:148:031416
• Study programme: Title: Business Economics; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Created on: 2022-10-03 08:12:56