Croatian retail giant Studenac Market has acquired 36 stores from Zagreb-based retailer Decentia.
Studenac Market was established in 1991 in Omis, Croatia, and now claims to have more stores than any other food retailer in the country. According to the company’s website, “over the past six years, the company more than tripled the number of stores in its network, having completed eight significant acquisitions amounting to over 650 stores, and opening nearly 400 stores organically. By the end of 2023, the company managed over 1,250 stores across Croatia and had over 6,000 employees.”
Since 2018 the company has been owned by a fund managed by Enterprise Investors.
The Savoric & Partners law firm advised Studenac Market on the deal, and the Law Office Korotaj advised the sellers.