Background & History

PROGARD was founded in 1992 by Mr. Miroslav Gojković (former Deputy Chief of Belgrade Police Department) and Ms. Milena Ignjatović who recognized the need and future for a professional managed security company in the Belgrade area.

In the beginning, with a force of 20 security officers, the Company only offered to its clients manned guarding services (first client - Hotel HYATT Regency Belgrade).

The Company then grew very quickly and started offering other security services such as cash handling (CHS), monitoring, mobile guarding, investigations, security system projects and security consulting, VIP drivers, etc.

Local company FINAR acquired 80% of shares in 2002, which attracted other investors to recognize PROGARD as reliable partner with huge growth potentials. As of November 2003 CC Partnership L.P., a private equity fund, with European Bank For Reconstruction and Development (EBRD) and International Finance Corporation (IFC) as the lead investors, possesses 30% of ownership holding in PROGARD Securitas.

In February 2006. another private equity fund, Consolidated Developments Limited, purchases all shares from FINAR and becomes leading shareholder of PROGARD.

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