Serbian Private Equity Association (SPEA) has celebrated its five year anniversary in Radisson Blu hotel on Friday, November 13th. Celebration cocktail was held during the 4th Belgrade Venture Forum, as SPEA was one of the partners of the forum. Cocktail was visited by numerous guests, while Daniel Berg, president of EBRD for Serbia gave a toast and welcome speech.
SPEA was established in October of 2010 at the Euromoney conference in Belgrade by a small group of professionals with a strong desire to see the industry develop in Serbia and the broader region. Since then, it has grown its membership from a small base to over 30 members, hosted over 50 events and sponsored multiple conferences that have had over 1,000 cumulative delegates in attendance. Further, SPEA produced a Private Equity Research Report, analyzing the investments of 14 funds from 2003 through 2011, which invested €280M into 22 different companies across seven different industries.
’The market has seen considerable growth, Serbia has seen well over €1.5Bn in transaction value across key sectors in the past several years into industries as varied as telecommunications and broadcasting, financial services, retail, food processing and fast moving consumer goods. The market is now poised for significant growth as new funds have entered the market in the past several years and SPEA looks forward to helping the market continue down the path to prosperity for both entrepreneur and investor.’ said David Schoch, President of SPEA.