Quaestus recapitalizes Tvornica tekstila Trgovisce

Consumer Discretionary · Croatia · Undisclosed

Quaestus Private Equity recapitalized the near-insolvent damask linen mill Tvornica tekstila Trgovisce in 2012, backing new ownership and management that grew revenue from roughly 9 million to 37 million kuna by 2018. Quaestus sold the mill in 2021 to entrepreneur Nikola Gadza, though Croatian registry records also list Quaestus founder Zeljko Lukac among current owners.