On 7 February 2020, GTH catering a.s., one of the biggest providers of catering services in the Czech Republic signed the agreement on takeover of 100% ownership stake in the Slovak subsidiary of global provider of integrated facility management services Sodexo. This way GTH catering enters the Slovak market, where it plans to utilise its experience as well as mutual synergies to create a strong Czech-Slovak player in the catering industry and use the opportunity to expand its service portfolio to include facility management services.
Sodexo s.r.o. (Slovakia) provides catering and facility management services on the Slovak market since 1997. Over more than 22 years of its activity, Sodexo grew into one of the key players in the catering business in Slovakia, whose client portfolio includes companies such as Kia in Žilina, Whirlpool in Poprad, Panasonic in Trstená and Stará Ľubovňa, Duslo Šaľa and other renowned international and local companies in the Slovak market. Currently, the company provides complex on-site services at more than 30 operating sites.
In accordance with the global strategy of Sodexo group and the decision of its shareholders, the parent company decided to abandon selected markets of central Europe. Its Slovak subsidiary was therefore taken over by GTH multicatering. The new successor provides a guarantee for the original owner, ensuring continuity of the operations, sales, tax and financial commitments and labour (employee) contracts. For GTH catering this takeover represents an opportunity to build on its experience from the Czech Republic on the Slovak market, utilise synergy effects of both companies and create a strong player active in both countries.
“The takeover of Slovak Sodexo opens a similar opportunity for us as the original investment into Czech GTH catering ten years ago. An opportunity to create a strong, customer oriented, modern and flexible provider of catering and facility management services, combining traditional and modern approach to service provision, mainly to food catering services“, comments Daria Choděrová, managing director of GTH catering, on the takeover.
Following the signing of the transaction, a 30-day period starts, during which GTH catering will gradually take over all operating activities of Sodexo in Slovakia and will start operating them under GTH multicatering brand.
Sodexo s.r.o. is a subsidiary of global integrated facility management services provider Sodexo. It provides catering and facility management services on the Slovak market since 1997. Over more than 22 years of its activity, Sodexo grew into one of the key players in the segment in Slovakia. Currently, the company provides complex on-site services at more than 30 operating sites.
For more information, visit sk.sodexo.com
GTH catering a.s. is a purely Czech company, providing catering services already since 1996. In 2010, it became part of GTH multicatering group covering the entire Czech Republic, which had been formed via a combination of GTH catering, GTH zařízení školního stravování and MULTI-Catering. Individual companies of the group provide food catering services to a wide variety of customer segments including industry, administration, healthcare, education and army.
The company’s vision in catering is an individual approach to its customers, high quality of food served without using ready-to-cook meals and respect for local traditions and customs.
For more information, visit www.gthcatering.cz
Genesis Capital provides advisory to private equity funds (development capital) offering financing for growth and development to small and medium companies in Central Europe. Since its foundation in 1999, Genesis Capital has advised five private equity funds with a total volume exceeding EUR 200 million. These funds have already supported more than 50 companies and provided over CZK 3 billion for their development. It was also due to the cooperation with Genesis Capital that many of them rose to the top positions within their fields of activity.
The investor group of Genesis funds incudes mainly international and local institutions such as the European Investment Fund (EIF), Česká spořitelna (member of the Erste group), Amundi Czech Republic (member of the international group Amundi), Kooperativa pojišťovna and Česká podnikatelská pojišťovna (both from the Vienna Insurance Group), Finnish fund-of-funds firm eQ Private Equity, pension fund of an important multinational company, investment company RSJ Investments or a Czech family office SPM Capital. At present, Genesis funds have their share in the following companies - GTH multicatering, ST Security, Quinta-Analytica, HP Tronic/Datart, D2G, Sanborn, Stangl Technik Holding, CN Group and 11 Entertainment Group.
Genesis Capital Private Equity Funds are private equity funds aimed at investments into small and medium companies in the Czech Republic, Slovakia, Poland, Hungary and Austria. At present, the investment fund Genesis Private Equity Fund III (GPEF III) is open for investments within this segment with a volume exceeding EUR 80 million and average size of one investment between EUR 4 and 12 million.
Genesis Capital Growth Equity Funds represent growth equity funds focused on investments into smaller and mid-size companies primarily in the Czech Republic and Slovakia with a significant growth potential. Currently active fund, covering this investment segment, is Genesis Growth Equity Fund I (GGEF I) with the first closing size of EUR 31 million and typical size of equity investments in the range of EUR 1-4 million.
For more information, visit www.genesis.cz
PR activities for Genesis Capital:
Kamil Chalupa, CHM Communications
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