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Genesis Capital Newsletter 09/2022

Genesis Capital invests in Hecht Motors

Genesis Private Equity Fund IV (GPEF IV), the latest private equity fund of Genesis Capital, has acquired a minority shareholding in Hecht Motors s.r.o, the central European supplier and manufacturer of garden machinery and equipment. Genesis Capital joined forces with the company's founders, Jan Kovačka and Rudolf Runštuk, to accelerate regional expansion and enter new markets.

Team of Genesis Capital was strengthened by senior lawyer Vojtěch Novák

Genesis Capital, one of the most established institutional private equity players in Central Europe, expands its team by Vojtěch Novák, previously senior lawyer at Dentons. Vojtěch joins as Senior Counsel strengthening the legal team of Genesis Capital alongside its current legal partner Pavel Kvíčala.

Genesis Capital and Integral Venture Partners acquire BORCAD cz s.r.o., a Czech developer and producer of seats for passenger trains

Genesis Private Equity Fund IV (GPEF IV), the newest private equity fund of Genesis Capital, and Evolving Europe Principal Investments I (EEPI I), a private equity and growth capital fund advised by Integral Venture Partners, team up to acquire 100% of BORCAD cz s.r.o., innovative producer of train seats and interior equipment for passenger trains based in Fryčovice, Czech Republic.

Genesis Capital and Avallon MBO private equity funds have successfully finalized the sale of Stangl Technik Holding. SPIE, the independent European leader in multi-technical services, became a new majority shareholder on 3 August 2022.

On 15 June 2022, Genesis Private Equity Fund III (GPEF III) and Avallon MBO Fund II signed an agreement to divest a majority ownership stake in Stangl Technik Holding, a leading provider of comprehensive engineering and technical building services in Poland and the Czech Republic. The closing of the transaction was subject to Polish anti-monopoly authority approval. Given the satisfaction of all pre-closing conditions, the transaction has been closed as of today.

Genesis Capital and Avallon MBO private equity funds announce an agreement for the divestment of Stangl Technik Holding to be acquired by SPIE, the independent European leader in multi-technical services.

Stangl Technik Holding, a leading provider of comprehensive engineering and technical building services in Poland and the Czech Republic, will change its ownership. Genesis Private Equity Fund III (GPEF III) and Avallon MBO Fund II have agreed with SPIE on the sale of a majority ownership stake. The closing of the transaction is expected to take place in July 2022 and is subject to approval by the Polish anti-monopoly authority.

Genesis Capital finalised the fundraising of its new private equity fund GPEF IV, reaching the maximum hard cap of EUR 150 million

Genesis Capital, one of the most established institutional private equity players in Central Europe, has finalised the fundraising of its new fund, Genesis Private Equity Fund IV (GPEF IV), reaching its maximum hard-cap of EUR 150 million. It is already the sixth private equity fund of Genesis Capital in over 22 years since its establishment.

The largest Czech call centre operator Conectart acquires Atoda

Conectart with its more than two thousand call centre operators, is the largest contact centre service provider in the Czech Republic. Since the beginning of April, it has further strengthened its position via the acquisition of Atoda, a regional call centre running its branches mainly in southern Bohemia and employing approximately four hundred operators. As a new subsidiary of Conectart, Atoda became part of GPEF III fund of Genesis Capital, which had acquired Conectart in 2020.