Advance Capital Partners has reached an agreement to acquire a 60% equity stake in Mass, a leading specialised footwear retailer in the Adriatic region. The transaction is subject to regulatory approvals and customary closing conditions, with completion expected in the autumn.
Our colleagues from Ketler & Partners, member of Karanovic, advised the sell-side on this transaction. The team was led by Partner Igor Angelovski, supported by Senior Associate Maja Kreča and Junior Associate Luka Skledar.
Advance Capital Partners is a private equity firm led by a team of seasoned professionals with a strong regional track record, having successfully executed over 30 complex M&A deals in Southeast Europe.
Founded in 1990 with its first store in Ljubljana, Mass has grown into a strong regional brand with over 520 employees across Slovenia, Croatia, and Austria. The company has built a solid position in the footwear and fashion accessories sector, combining retail presence with growing digital capabilities.
The strategic partnership with Advance Capital Partners marks one of the largest M&A transactions in specialised retail in the Adriatic region. With this acquisition, ACP aims to strengthen Mass’s position in its current markets and support its expansion into new countries, transforming it into a leading omnichannel footwear and fashion accessories retailer in Central and Eastern Europe.
The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.
