November 24, 2013

Genesis Capital Acquires a 100% Interest in Sieza

Genesis Capital, one of the largest venture capital fund managers in the Czech Republic, has added another acquisition to its investment portfolio. Through its GPEF II fund, it acquired a 100% interest in Sieza, s. r. o.,a leading Czech provider of services connected with supplying and installing integrated security systems.

Sieza is a well-established company with a stable market position, sound financial situation, and highly qualified employees. Sieza’s quality is continuously supported through reinvestments of a large portion of its income into development, production, and distribution of innovative security systems and control technologies. “We want to achieve further growth in the production and supply of security technologies, including their export abroad. We also plan to support the expansion of the offered services through add-on acquisitions in related areas. The development will be achieved in close cooperation with the current management team that will continue in the company under the new ownership structure,” explains Jan Tauber, Managing Partner of Genesis Capital.

GPEF II acquired the 100% interest in Sieza, which was established in 1991, by purchasing the ownership interests from the company’s previous owners.

“Sieza features a history of more than twenty years. We have been considering the entry of a new investor for a long time and one of the reasons for the ultimate decision to enter into an agreement with Genesis Capital is the fact that the new owner strives to achieve further development and yet better results while using the company’s existing employees and the know-how it has built,”says Naděžda Waksmundská, one of the sellers.

The management team, led by the CEO Ferdinand Dvořák and the sales director Tomáš Kostúr, will stay with the company and is prepared to work on its further development.

The change in ownership is a transformation that will not have any major impact on how Sieza works and where it is headed. It is very important for us that we do not fail to maintain the confidence entrusted in us by our customers. I also believe that this acquisition will help us initiate new processes and services with which we would like to approach our customers in the near future,” saysFerdinand Dvořák, CEO of Sieza who has been working for the company in various positions since 1992.

About Sieza, s. r. o.

Sieza, s.r.o., established in 1991, has now 86 employees and is a leading Czech company providing integrated security systems delivery and installation services. The integrated security systems it supplies meet the highest security standards. They are used in state administrative buildings, industrial facilities, private buildings, and anywhere else where special emphasis is put on security and the functioning of a security system. As a leader in security solutions in the Czech Republic, Sieza has gradually introduced its own products to the market, which have become the standard in certain fields, particularly in the sphere of perimeter systems.

Sieza’s customers include Skanska, the ČEZ Group, Škoda Auto, OBI, Telefónica CZ, Komerční banka, the Czech Ministry of Defence, the Czech Ministry of Foreign Affairs, Český Aeroholding, Net4Gas, and other companies from the Czech Republic and abroad.

The high quality and professionalism of the services offered are ensured primarily due to the complete business and technical support that the company provides its clients. Sieza cooperates exclusively with reputable domestic and foreign producers and suppliers for whom quality is a priority. All of the technical solutions presented by the company are adapted to the specific requirements of its customers.

About Genesis Capital, a. s.

Genesis Capital, a. s. offers financing to small and medium sized companies in the Czech Republic and Slovakia to support their successful growth and development.It has already supported more than 25 companies through the private equity funds under its management. Through their cooperation with Genesis Capital many of these have become leaders in their fields. Genesis Capital has already secured more than two billion crowns for the development of Czech and Slovak companies. Since its inception in 1999, Genesis Capital has managed three private equity funds with a total of nearly EUR 100 million. Two of these funds have already fully committed their capital to selected Czech and Slovak companies. At present, the newest Genesis Private Equity Fund II, with EUR 40 million, is open for investments.

Current companies in which Genesis Capital has invested: Profimedia.CZ, Servodata, VYDIS, KS Klima-Service, JRC Czech, HSW Signall, AZ KLIMA, GTH catering, Roltechnik.