The supermarket chain is the undisputed market leader in the coastal region of Dalmatia within Croatia.
Source: https://www.esmmagazine.com/retail/croatian-retailer-tommy-put-up-for-sale-157640
According to unofficial information, confirmed by several market sources, negotiations have intensified in recent weeks, with CVC Capital Partners mentioned as the potential buyer for the business. The UK-based fund, whose portfolio includes 73 companies worldwide, is estimated at over $75bn. In recent years, CVC Capital Partners took over Polish retail chain Zabka, one of the largest in the country.
Split-based Tommy has annual revenues of around €465.4M and annual EBITDA of over HRK €33.2M. Its network consists of over 200 stores across a number of different formats (hypermarket, maxi market, supermarket, and market), visited by an estimated 250,000 customers a day.
With an estimated market value of €150-200 million, the group’s portfolio includes bakery and confectionery company Bobis, meat industry Petason, as well as a stake in coffee and tea producer Franck. In recent years, Tommy Group has also started investing in the tourism sector.
