SANBORN, a key supplier of precision components and specialized parts for the power generation, oil & gas and transportation industry changes ownership. Genesis Private Equity Fund III (GPEF III) from the established private equity group Genesis Capital, sold its majority ownership stake in the company to Oriens.
Over more than 20 years of its existence STT Servis has become a leading exporter of precision machined parts and assemblies with a focus on single unit and small batch production. Key competitive advantages include the ability to supply atypical components with dimensions up to 8 metres and top-quality production. Genesis Private Equity Fund IV, a private equity fund from the Genesis Capital group, has decided to join forces with the founders and has acquired a majority stake in the company. Simultaneously with GPEF IV, key managers also invested in the company. The common goal is to accelerate the group's growth through expanding production capacity, developing cooperation with existing customers and gaining new business partners.
Since its foundation in 1992, AV MEDIA has built a leading position in the field of audiovisual technology in the Czech Republic and neighbouring countries. Its business consists of two main pillars: AV MEDIA SYSTEMS, which provides the design and integration of complete audiovisual solutions for customers in the education, public administration, cultural and commercial sectors, and AV MEDIA EVENTS, providing complete technology solutions for promoters of conferences, exhibitions, social, cultural and sporting events. Through Brill AV Media, the group has been also successfully developing business activities in Poland. Genesis Private Equity Fund IV, a private equity fund from the Genesis Capital group, will acquire a majority stake in AV MEDIA, while two of the three founders will retain a stake. Also, the key managers of the group will newly become shareholders. The joint intention is to accelerate the growth of the group, either through expansion of the product portfolio or through selected acquisitions in the region. Completion of the transaction is subject to approval by the Czech Antimonopoly Authority and is expected in November 2023.
Based in Prague, PFX is a trusted and innovative provider of creative solutions for various media platforms. With an international team of 160 experienced professionals and four modern offices, PFX is one of the leading companies offering visual effects, animation, advertising campaigns and post-production services. Genesis Private Equity Fund IV, the private equity fund of Genesis Capital, has partnered with the founders to acquire a significant stake in the company. Both parties are committed to pushing the boundaries of creativity and innovation in the dynamic world of media and entertainment, and to developing new opportunities for clients seeking quality creative solutions. The common goal is to create a leading player in Central and Eastern Europe via a combination of organic and M&A growth.