Health Chain Group
Nutraceutical CDMO
Undisclosed
Advisory to ANJAC Health & Beauty (France) in the acquisition of HCG — joint cross-border mandate with Mergers Alliance partner Ethica Group
SLOVENIA · 2025
InterCapital Investment Banking · Slovenia
Lep Elevate Partners operates InterCapital's investment banking practice in Slovenia, advising business owners and investors on company sales, acquisitions, and capital raises — with senior attention on every mandate, and the execution power of the SEE region's leading independent investment banking group and the Mergers Alliance global partnership behind it.
Track record
* M&A advisory on the sell- or buy-side. Aggregate value reflects transactions closed or with the share-purchase agreement signed. Includes transactions in which Tim Lep advised while working within other legal entities, including UniCredit Group and as InterCapital's Investment Banking Partner for Slovenia. Counterparties and values disclosed only where public or with client consent.
Why retain an advisor
A structured, competitive process — run by an experienced advisor — corrects that asymmetry. Our founder Tim Lep's award-winning research analysed 104 Slovenian M&A transactions over twenty years and quantified what professional sell-side advice is worth to owners.
Source: T. Lep, “The value of advisors to business owners in the process of selling an equity stake,” Prešeren-award-winning study, Faculty of Economics, University of Ljubljana. Sample: 104 transactions.
How we help
A structured, confidential sale process designed to create competition among qualified buyers — and to protect your price, your terms, and your people.
Sell-side advisory →Target identification, valuation, negotiation, and execution support for strategic and financial buyers in Slovenia and across the region.
Buy-side advisory →The right industrial or financial partner for growth, succession, or new markets — found discreetly and structured to protect your interests for years.
Strategic partner →We typically advise on transactions with enterprise values between €5 million and €250 million. If your situation falls outside this range, we will tell you honestly — and refer you to someone better placed.
Who we work with
Entrepreneurs preparing to sell the company they built, on their terms and timeline.
Owners navigating succession, partial exits, or bringing in a strategic partner.
Funds seeking proprietary deal flow, buy-and-build platforms, or exits in Slovenia and the region.
Industrial buyers pursuing targets, market entry, or consolidation in Southeast Europe.
Companies executing divestitures, carve-outs, or capital-raising transactions.
Why Lep Elevate Partners
We advise on one side of every transaction — yours. No lending book, no proprietary positions, no other product to sell. Our only incentive is the outcome of your deal.
We advise a small number of clients at a time. The person you meet in the first conversation is the person negotiating on your behalf at the closing table.
We operate under the InterCapital name — the SEE region's leading independent investment banking group since 2001, with 75+ professionals and the region's largest capital-markets research team.
Global reach · Mergers Alliance
Through InterCapital's membership of Mergers Alliance — the top-ranked international mid-market M&A partnership — every Slovenian mandate is marketed to qualified strategic and financial buyers across Europe, the Americas, and Asia. Our 2025 sale of Health Chain Group to France's ANJAC, executed jointly with Italian partner Ethica Group, is exactly how it works.
Source: LSEG Mid-Market League Tables, Full Year 2025 (deals under $500m). Competitor names anonymised.
Leadership
Tim is InterCapital's Investment Banking Partner for Slovenia and the founder of Lep Elevate Partners. With 9+ years in investment banking — including M&A advisory at UniCredit Group and two years as Head of Corporate Development at Batagel Group — he has advised on 17 transactions worth over €500 million, including landmark Slovenian deals such as the €245m acquisition of Adriatic Slovenica and the €63m sale of Gorenjska Banka.
The process
A well-run process typically takes 6–9 months. Read the full guide: How to sell a company →
Get in touch
The best outcomes start with preparation, not a process. Request a confidential, no-obligation conversation — we will tell you honestly whether, and when, a transaction makes sense.
All inquiries are treated in strict confidence. NDA available on request.
Prefer email or phone?
info@lep-elevate.si · +386 41 998 038