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Horizonte sells stakes in HITRA and TRIGGER

15 Mar 2011

Horizonte announced today the sale of its stakes in HITRA produkcija dokumenata d.o.o. and in TRIGGER d.o.o., Zagreb, Croatia.

HITRA is a leading company in the Croatian market and specializes in providing document production services. This includes collection of files, formatting, printing on pre-defined forms, inserting in envelopes and delivering the prepared packages to the distributor of the customer's choice. The company holds a market share of about 70% in Croatia.

TRIGGER is an innovative company that has developed a unique marketing tool under the brand "Direct Marketing Solution" which is an innovative IT supported technological solution for the execution of direct marketing campaigns.

The stakes were sold to BRZA produkcija d.o.o., Zagreb, a 100% subsidiary of Nexus ALPHA Fund, a private equity fund managed by NEXUS Private Equity Partneri, Zagreb, for an undisclosed price.

"Through the strategic investment of NEXUS the success of HITRA and TRIGGER will be continued and expanded since this will allow HITRA to capitalize on providing an even more comprehensive offer to customers including distribution services", says Mag. Martin Wodak, Horizonte Partner. "We would like to thank the excellent management of HITRA and TRIGGER which has made this successful exit possible", he adds.