Over more than 20 years of its existence STT Servis has become a leading exporter of precision machined parts and assemblies with a focus on single unit and small batch production. Key competitive advantages include the ability to supply atypical components with dimensions up to 8 metres and top-quality production. Genesis Private Equity Fund IV, a private equity fund from the Genesis Capital group, has decided to join forces with the founders and has acquired a majority stake in the company. Simultaneously with GPEF IV, key managers also invested in the company. The common goal is to accelerate the group's growth through expanding production capacity, developing cooperation with existing customers and gaining new business partners.
"The acquisition of the majority stake seals our joint efforts with the founders, the Ticháček family, to strengthen STT Servis and develop the company dynamically. The selected and strengthened management team will now be responsible for the expansion and further extension of STT Servis's reputation and goodwill on the market.", comments Tomáš Sýkora, Investment Director at Genesis Capital Equity.
Tomáš Ticháček, one of the founders and CEO of STT Servis, said: "Genesis Capital is a reliable and transparent partner, who shares our growth vision and is able to provide capital to support our ambitious future plans. It is key for me, that continuity in the management team will be maintained and that we now have a partner with experience in building market leaders. I am confident that together we will seamlessly build on and exceed our existing efforts and results."
"In the early days of our business our father played an important role and I dare say he is proud of us. We have come a long way since we started with one machine in a small shed on a dirt floor. We have now reached a point where only the entry of a major investor such as GPEF IV will take us significantly further," said Šárka Ticháčková, another founder and CFO of STT Servis.
"STT Servis is another natural investment in line with the strategy of GPEF IV. The topic of succession and new opportunities for the management team are at the heart of our philosophy and the light and medium manufacturing is one of our long-term successful and preferred investment industries.", added Pavel Kvíčala, Legal Partner at Genesis Capital Equity.
About Genesis Capital
Genesis Capital is a private equity group offering growth and development financing to small and medium-sized companies in Central Europe. Since its foundation in 1999, Genesis Capital has advised six private equity funds with a total volume exceeding EUR 350 million. These funds have already supported more than 70 companies. At present, Genesis funds hold investments in the following companies: Hecht Motors, Borcad CZ, TES Vsetín, XBS Group, PFX Group, HP Tronic/Datart, Sanborn, 11 Entertainment Group, Summa Linguae Technologies, Conectart, GTH catering, R2B2, Home Care Promedica, HC electronics and JP-Prolak.
For more information, visit: https://genesis.cz/en/
About STT Servis
STT Servis is a family business founded in 2001 by Šárka and Tomáš Ticháček and is based in Dlouhá Loučka. Over time, the company has refocused from the production of metal pallets and adapters to precision CNC machining and has expanded its range of services to include welding, cutting, painting or surface finishing. The current turnover of STT Servis already exceeds a quarter of a billion Czech crowns annually and it prides itself of a highly modern and very superior machinery equipment.
For more information, visit: https://en.sttservis.cz/
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Genesis Capital media representative:
Matěj Fürst, Insighters
E-mail: matej.furst@insighters.cz, tel: +420 777 600 630