Slovenia's PRVA Capital Partners buys stake in IT group ASCALAB
What's the deal? Slovenian private equity fund manager PRVA Capital PartnersDealroom has a profile for this one. Try Dealroom → has agreed to acquire a stake in Ljubljana-based technology group ASCALABDealroom has a profile for this one. Try Dealroom →, it said in a LinkedIn post. Financial terms were not disclosed. The purchase runs through PRVA Capital Partners Succession & Growth Fund I.
What does ASCALAB do? Founded in 2012, it builds software for regulated industries — banking, insurance, energy, and pharmaceuticals — delivering engineering teams, cloud and DevOps, and test automation. The group employs just over 100 engineers across four locations in Slovenia and the wider region.
The financials: ASCALAB posted revenue of €4.8 million ($5.5 million) in 2025, up from €3.7 million in 2023, according to portal CompanyWall. Smart Data Security Adriatic, owned by co-founder Predrag Krtsic, holds a 51% stake, with the rest held by Ninoslav Djordjevic's Aorta Holding.
What's the endgame? PRVA wants to turn ASCALAB into a hub for wider dealmaking. "Our ambition is to build ASCALAB into a platform for consolidating IT services in regulated industries across the region," the firm said.
Why now? This is only the fund's second investment. In September 2025, it bought a majority stake in Slovenian stainless-steel kitchen equipment maker CookinoxDealroom has a profile for this one. Try Dealroom → for an undisclosed sum.
The signal: The fund holds total commitments of €64.5 million and is backed by the European Investment Fund and Slovenia's SID BankaDealroom has a profile for this one. Try Dealroom →. It targets profitable, family-owned companies ready for regional expansion, writing cheques of €2 million to €25 million — a sign of steady buy-and-build activity across Southeast Europe's mid-market.
Read more: seenews.com
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