InterCapital Investment Banking Team Supported Tankerska Plovidba in Acquisition of Turisthotel

InterCapital has successfully advised Tankerska plovidba in the acquisition of Turisthotel, a major tourist company in Croatia. On a 100% basis, this landmark transaction is valued at 224 EURm, making it the largest acquisition of a public company in Croatia in the past 5 years as well as one of the largest acquisitions in the history of Croatian tourism sector. Following the conclusion of the tender offer, Tankerska plovidba now controls 94.4% of voting shares. 

Turisthotel is a prominent hospitality company in the Dalmatia region of Croatia, with a flagship property, the Zaton holiday resort, an open-air family resort located north of Zadar that can accommodate up to 8,000 guests. For the year 2022, Turisthotel reported a consolidated revenue of 43 EURm and an EBITDA of 18 EURm.

This acquisition marks the entry of Tankerska plovidba, a renowned Croatian tanker operator, into the thriving Croatian tourism market and represents a significant milestone for both companies. We are confident that this acquisition will unlock tremendous value for both Tankerska plovidba and Turisthotel’s stakeholders, and we look forward to witnessing the continued growth and success of our client in the years to come.

We are proud to have played an important role in the success of this deal, which further attests to the robustness of InterCapital’s tourism practice.

Category : Blog

Want to invest? Do not know how and where? Contact us and we will solve everything for you.