Private equity backers to turn Link Group division into Southeast Europe IT and education champion
Bulgarian investment company Invenio Partners and Vienna-based Accession Capital Partners have acquired the vocational education unit of Serbia's Link Group and plan to use it to build a leading provider of IT and business professional education in Southeast Europe, Invenio Partners said in a press release on November 7. It did not disclose the value of the acquisition.
Invenio and ACP will support Link’s leadership team to expand the company’s geographic footprint. They will also help the company develop its product offering to meet the constantly growing need for upskilling of young professionals while introducing new programmes to meet the dynamic requirements of the B2B segment.
“This investment represents a significant milestone for Invenio and fully exemplifies our dedication to invest in and support the continued growth of successful regional endeavours,” Invenio partner and CIO Tihomir Dyankov said in the press release.
Link Group’s vocational division educates 6,000 students per year in the B2C segment in Serbia, Bosnia & Herzegovina, Romania and Moldova. The group also provides distance learning courses and has schools in Romania and Bosnia, as well as offices in Serbia, Moldova and Ukraine.
“We are very impressed with what the LINK team have achieved and can see it has further to go. We believe this investment and our partnership with Invenio will help LINK become the leading provider of IT and business professional education in Southeastern Europe and we look forward to working together on this journey,” said Marko Mitrovic, head of Western Balkans at Accession Capital Partners.
Invenio’s advisers on the transaction were Advokati and Dentons Reczicza Law Firm. ACP were advised by Schoenherr and Norton Rose Fulbright. KPMG Serbia led the financial and tax analysis. Deloitte Serbia was Link Group’s provider of legal, financial and tax advice.
Lately, Russian businesses have been actively adopting solutions based on artificial intelligence (AI) and machine learning (ML), while the government is also incentivising the use of these technologies.
Engaged in sweeping transformations since the death of dictator Islam Karimov just seven years ago, Uzbekistan is seeing first results in the investment they’ve made to boost their IT sector.
The quality of the internet has been severely compromised by restrictions placed on the market.
Activists were openly critical of Serbia’s government, which NGOs say has a track record of deploying spyware and other digital surveillance tools.
Officials say that it will make government spending more transparent.
SELECT `n`.`nid` AS `id`, `n`.`title`, 'bne IntelliNews' AS authors, 'bne IntelliNews' AS bylines, `wc`.`field_website_callout_value` AS `summary`, `smc`.`field_social_media_callout_value` AS `social`, `pd`.`published_at` AS `date`, `p`.`field_publication__tid` AS `publication_id`, `fm`.`uri` AS `image`, `fspcaption`.`field_story_photo_caption_value` AS `image_credit`, `fspcredit`.`field_story_photo_credit_value` AS `image_author`, `ws`.`field_website_sections_tid` AS `section_id`, `fdfs`.`field_subject_tid` AS `subject_id`, `db`.`body_value` AS `body`, `fm2`.`uri` AS `pdf`, `et`.`field_enable_tracking_value` AS `tracking`, `ht`.`field_head_tags_value` AS `headTags`, `bt`.`field_body_tags_value` AS `bodyTags` FROM `node` AS `n`
LEFT JOIN `field_data_field_website_callout` AS `wc` ON wc.entity_id = n.nid
LEFT JOIN `field_data_field_social_media_callout` AS `smc` ON smc.entity_id = n.nid
LEFT JOIN `publication_date` AS `pd` ON pd.nid = n.nid
LEFT JOIN `field_data_field_publication_` AS `p` ON p.entity_id = n.nid
LEFT JOIN `field_data_field_story_picture` AS `sp` ON sp.entity_id = n.nid
LEFT JOIN `file_managed` AS `fm` ON fm.fid = sp.field_story_picture_fid
LEFT JOIN `field_data_field_story_photo_caption` AS `fspcaption` ON fspcaption.entity_id = n.nid
LEFT JOIN `field_data_field_story_photo_credit` AS `fspcredit` ON fspcredit.entity_id = n.nid
LEFT JOIN `workflow_node` AS `wn` ON wn.nid = n.nid
LEFT JOIN `field_data_field_website_sections` AS `ws` ON ws.entity_id = n.nid
LEFT JOIN `field_data_field_subject` AS `fdfs` ON fdfs.entity_id = n.nid
LEFT JOIN `field_data_body` AS `db` ON db.entity_id = n.nid
LEFT JOIN `field_data_field_file` AS `ff` ON ff.entity_id = n.nid
LEFT JOIN `file_managed` AS `fm2` ON fm2.fid = ff.field_file_fid
LEFT JOIN `field_data_field_enable_tracking` AS `et` ON et.entity_id = n.nid
LEFT JOIN `field_data_field_head_tags` AS `ht` ON ht.entity_id = n.nid
LEFT JOIN `field_data_field_body_tags` AS `bt` ON bt.entity_id = n.nid WHERE (n.status = 1) AND (n.type = 'article') AND (n.nid = 300236) AND (wn.sid= 3) AND (p.field_publication__tid IN (2465,2851,3184,3159,3266,3264,3270,3265,3267,3268,3269,3171,3168,3185,3170,1346,1345,3180,3175,3254,3249,1207,1208,3181,3231,3177,3186,3178,1003,3187,2975,3204,3198,3188,3202,3196,3250,3189,3160,3161,3312,3313,3173,3314,3315,3167,3259,3257,3263,3258,3260,3261,3262,3174,3316,3165,3192,3163,3282,3190,2811,3256,3317,3162,3318,3191,3297,3182,3179,3166,3319,3376,3320,3172,3255,3169,1008,3203,3197,3321,3252,3164,1307,3322,3183,3220,3176,3201,3323,1327,1020,1006,1009,1013,1014,1018,1005,1328,1010,1011,1002,1012,1311,1330,1017,1016,1019,1004,1001,1334,1335,1336,1015,1337,1338,1339,1340,1341,2496,2501,2517,2529,2506,2505,2524,2513,2526,2537,2489,2490,2520,2536,2488,2532,2500,2515,2503,2493,2527,2523,2510,2525,2498,2499,2528,2507,2487,2511,2521,2502,2491,2519,2497,2492,2514,2495,2509,2512,1629,3358)) LIMIT 1