Advised on Sale of CompanyTransport & Logistics
Acquired 97.31% shares
Avrigo d.o.o. (The Company), is a bus transportation company based in Nova Gorica, Slovenia. The Company has a fleet of over 200 modern buses, 300 professional employees and it generates around 22 EUR mil. of revenue and EUR 5 mil. of EBITDA. The Company’s principal activity is to provide passenger services on inter-urban, suburban and urban lines, complemented by the services of an IATA registered tourism agency. Along with three 100% owned subsidiaries, since 2014, the Company also has 49,99% voting rights in Izletnik Celje d.d., a bus transportation company from Celje.
- No. 1 bus transportation provider in Slovenia - Avrigo is the leading bus transportation provider in Slovenia, creating more than EUR 22 million in revenue and covering more than 20 million kilometres a year.
- Integrated top quality service provider - Avrigo provides transportation services in modern, well equipped buses which offer high passenger security and comfort.
- Reliable transport provider - With its presence in western, southern and central Slovenia and a big influence on regular public transportation lines, school and work related transport, Avrigo has positioned itself as one of the most reliable transportation partners in Slovenia.
Adventura prevozi d.o.o. is company 100% owned by Mr. Darko Klarič, Avrigo ‘s partner and co-investor in Izletnik Celje, their join investment from 2014.
Investment in Avrigo d.o.o was a natural development of Mr. Klarič’s business endeavour in becoming no. 1 provider of bus transportation services in Slovenia.
IMAP SEE was the exclusive transaction advisor to the owners of Avrigo d.o.o., Zavarovalnica Triglav d.d. in the sale of 97,31% share in the Company.
I must admit that after signing contract with Ascendant I wasn't really convinced that we have made a right decision. But, after they have successfully finished their mandate I must say that I have only positive words about Ascendant's work and expertise. And of course not only after their task was completed, all the way through the mandate they convinced me that they offer the highest standards of quality, personal approach and a broad network of contacts. Through the whole mandate the Ascendant team was strongly dedicated, brought new contacts and perspectives to the discussion table, and invested a lot of time and resources to meet our requests. Due to all these reasons, I think that the Ascendant team is surely one of the best in the region and I can without hesitation recommend them for any sort of M&A and other activities.