Elvin Guri, CEO of Empower Capital, participated at the Balkans M&A and Private Equity Forum organized by MergerMarket. The conference took place in Belgrade on 05th June 2018. The topic of discussion was ‘ Taking advantage of the untapped M&A and Private Equity opportunities in the Balkans’.
As keynote speaker, Mr. Guri, presented the case study of Mundus Services, an investment in facility management business, to illustrate Empower Capital’s buy-and-build strategy.
‘Investing in services, especially process-heavy and people-dependent ones such as facility management, is notoriously difficult. It is even more so in SEE, where lack of market sophistication contribute to the industry being very fragmented, lacking the capability to invest for the long term, and generally operating firmly in the grey area. Consolidating the industry, therefore, could potentially be quite an attractive investment, provided that the investors are committed to changing the rules by which the industry plays. The experience of Empower Capital with Mundus Services illustrates both the pitfalls and the attractiveness of such a strategy.’