Success based on considerate acquisitions and experienced management
In November 2003, GPEF invested into AB Facility – a provider of integrated facility management services focusing on technology systems. The transaction as carried out in cooperation with the ABB Czech Republic division‘s managers as co-investors (management buy-out).
The core of the investment was the acquisition of the Czech Facility Management division of the multinational industrial group ABB. A part of the investment was used to boost the working capital of the company. Under the guidance of GPEF, the management developed the whole infrastructure of the newly created company. After the investment, GPEF negotiated on consolidation of ownership in the subsidiary EPC MOTOL – provider of energy and heat services for the largest hospital in Central Europe, and successfully sold this company with a profit in 2006.
In 2006, GPEF also decided to strengthen the management team – Miroslav Tvrdy, a former CFO of Skanska CZ, joined the team as the company‘s new CEO. The new team focused, among other things, on expanding the company’s field of activity by acquisitions. In 2007, AB Facility acquired Energ – a provider of consultancy and sales services in energy management, and Nový Úklid – a cleansing services company. In 2008, GPEF increased the equity capital of AB Facility and proceeded to another acquisition – Tompex, a company specialising in green area design and maintenance.
During 2009, the newly acquired companies were integrated into AB Facility Group and the group achieved substantial savings from synergies and sharing of support services. In 2011, GPEF sold the entire AB Facility Group to a regional financial group that used it as a basis for its further expansion across the region.