Penta, a Central European investment group, has entered the facility management market with its new acquisition. Today, Penta and the Genesis Private Equity Fund, managed by Genesis Capital, concluded a purchase agreement for AB Facility. AB Facility is currently among the three most important providers and integrators of facility management on the Czech market. The transaction is subject to approval by the Anti-monopoly Office and its value will not be disclosed.
December 16th, 2010, Prague
„AB Facility represents a suitable platform for entering the market and building a strategic subject in the future. We plan to develop both the company and its portfolio of services. Penta's goal is to internally-consolidate the existing holding, add new acquisitions and finally to consolidate the facility management market in Central Europe,“ said Zdeněk Kubát, Penta's Investment Director.
„At the moment, the market is very fragmented and a strong investor will enable us to use our company's growth potential to its full. Together with the new owner, the existing management is ready to develop AB Facility into a strong regional player,“ adds Miroslav Tvrdý, AB Facility's CEO.
„The sale of AB Facility has completed a very successful investment transaction for us. During the seven years that Genesis Capital owned AB Facility, its revenue grew from CZK 175 million to 1.3 billion and its value followed a similarly steep course. The role of venture capital has been very successful in this case,“ said Genesis Capital's Managing Partner Jan Tauber.
About AB Facility
Originally, AB Facility a.s. was founded in 1999 as a facility management company within the ABB Group.
AB Facility is currently present on the Czech and Slovak markets.
Its holding includes a total of 6 companies
The company provides facility management, building technology services, cleaning services, construction and landscaping, energy management and integrated facility management
Revenue: CZK 1.3 billion
Penta is a Central European investment group which was established in 1994. It operates in the private equity and real estate sectors. In private equity it manages an evergreen fund of its five partners, the company's only shareholders. Its portfolio companies provide jobs to more than 25,000 people, and the consolidated revenues of these companies reached EUR 2.2 billion in 2009. Penta invests mainly into retail, health care, aerospace, metal industries, energy, entertainment, telecommunications and private banking. In 2005 Penta began investing into real estate development and currently runs ten projects in the Slovak Republic and one in the Czech Republic. Penta works in more than ten European countries with offices in Prague, Bratislava, Warsaw, Limassol and Amsterdam.
About Genesis Capital
Genesis Capital is a renowned private equity fund management company, focusing exclusively on the segment of small and medium-size businesses in the Czech Republic and Slovakia since 1999. Genesis Capital manages two private equity funds with a total volume of EUR 70 million. It has invested into more than 20 companies within the last decade. Apart from AB Facility, these companies include pietro filipi, CCS, ETARGET, Gumotex, Energetické strojírny Brno, Profimedia and others.