May 30, 2011

Profimedia becomes the 100% owner of Red Dot corporation

Profimedia, the largest provider of images for media and the advertising industry in the Czech Republic and Slovakia, has strengthened its position in other Central and South-East European markets. In line with its development strategy, it has become the 100% owner of Red Dot – a leading supplier of photo content in Hungary, Croatia, Slovenia, Serbia, and Bulgaria.

The majority owner of the Profimedia photo agency is Genesis Capital that acquired a 60% interest in Profimedia through its Genesis Private Equity Fund (GPEF II). The interest was purchased from the Profimedia founder and director Petr Novák last June. Petr Novák also co-invested in the Red Dot acquisition.