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Genesis Capital & Value4Capital agreed conditions to acquire XBS Group, a Poland based provider of supply chain management solutions. The existing management team is taking part in the transaction.
With more than 100 years history TES Vsetín s.r.o. (“TES / the Company“), based in Vsetín, Czech Republic, is an expert in complex engineering and production of its own proprietary electric machines and related system components. Genesis Private Equity Fund IV, the private equity fund of Genesis Capital, and Avallon MBO Fund III, a management buyout private equity fund of Avallon, team up with the existing management team of TES to acquire 100% of the Company from funds managed by ARX Equity Partners. The closing of the transaction is expected in February 2023 and is subject to approval by the Czech anti-monopoly authority.
Genesis Private Equity Fund IV (GPEF IV), the latest private equity fund of Genesis Capital, has acquired a minority shareholding in Hecht Motors s.r.o, the central European supplier and manufacturer of garden machinery and equipment. Genesis Capital joined forces with the company's founders, Jan Kovačka and Rudolf Runštuk, to accelerate regional expansion and enter new markets.
Genesis Capital, one of the most established institutional private equity players in Central Europe, expands its team by Vojtěch Novák, previously senior lawyer at Dentons. Vojtěch joins as Senior Counsel strengthening the legal team of Genesis Capital alongside its current legal partner Pavel Kvíčala.