Quaestus Private Equity eyes Nexe Grupa - Way for paying creditors proposed

Nexe Grupa has changed its financial and operational restructuring plan, where main guidelines now say that an investment of HRK 150 million (about EUR 20 million) is required from a financial partner, who would thus acquire a 76-percent stake in Nexe Grupa, reads a release published on the website of the Zagreb Stock Exchange. A consortium of investors that has submitted a letter of intent is led by the Quaestus Private Equity company owned by Borislav Skegra, SeeBiz.eu has reported.

It is suggested that bondholders should receive a 49-percent stake in the Division for Cement, Concrete and Aggreggates as well as get additionally paid using the mezzanine option.

According to the company website, Quaestus was established in 2003 as "the first Croatian risk capital management company, and it is now a leading Croatian group for managing alternative investment." The management of alternative investment involves two risk capital funds with the value of capital being managed exceeding EUR 100 million.