Ingra refinances debt as CEECAT Capital raises €135 million for regional expansion

Ingra has completed a €22.4 million refinancing of its existing debt through a new long-term loan from Zagrebačka banka. This move consolidates four existing loans into a single arrangement with a more favorable interest rate and repayment structure aligned with the company's cash flows. The refinancing also releases cash deposits previously used as collateral, providing liquidity for new projects.

Following a period of financial and operational consolidation, Ingra plans to enter a new development phase. Key revenue drivers include Arena Zagreb, which has contracts secured through 2036, and a growing investment portfolio featuring solar power plants in Roviška and Ivanić-Grad, alongside residential projects in Zagreb.

Separately, Luxembourg-based private equity firm CEECAT Capital has announced the first closing of its third fund, CEECAT Capital Fund III, raising €135 million. The fund aims to reach a total of €200 million to €250 million, with support from the European Bank for Reconstruction and Development (EBRD) and the European Investment Fund (EIF), both committing up to €40 million each. The fund specifically targets companies in Croatia and the broader region that demonstrate strategies for cross-border expansion and regional consolidation.