KASPER KOVO is an engineering company based in Trutnov, specialising in the production of metal components for industrial and technological applications, with a turnover of approximately CZK 800 million and 400 employees. The company focuses on the high quality of its production and services, including an innovative approach to development, and its main area of activity is the production and assembly of components for the engineering, automotive and other industries. Genesis Private Equity Fund IV, a private equity fund from the Genesis Capital group, is entering the company following an agreement with its founder Rudolf Kasper to jointly transform KASPER KOVO into a company run by independent professional management and to ensure continuity for its further successful development.
“KASPER KOVO is a major regional company with an international reach, known for its reliability, professionalism, and flexibility towards the needs of its customers as well as its employees. It is our intention together with Mr. Kasper to prepare the company for the next stage of its growth, and to build a strong independent management team to execute our strategy for new products and markets. This acquisition reflects the Genesis funds' long-term investment thesis of supporting regional leaders in their industry,” commented Martin Viliš, Partner at Genesis Capital Equity.
Mr. Rudolf Kasper, the founder of KASPER KOVO, stated, "After 32 years of KASPER KOVO’s existence, I believe it is time for more effective and sustainable utilization of the company’s growth potential. I am convinced that the transaction and the collaboration with the partners from Genesis will fulfil these goals. One of the main goals is also to eliminate the considerable risks arising from the company’s heavy dependence on one individual, the founder, the 100% owner, and the managing director. This collaboration lays a good foundation for the long-term success of our company, and I look forward to the partnership with Genesis.
I am very pleased that we have joined forces with Mr. Kasper to further develop the company, which already possesses strong expertise and an established market position. In addition to a long history of business success, we also appreciate the numerous successful regional projects supporting culture and sports, executed mainly thanks to Mr. Kasper, which we will happily continue to support," added Adam Ruta, Senior Investment Manager at Genesis Capital Equity.
About Genesis Capital
Genesis Capital is a private equity group that offers 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, STT Servis, AV Media, KASPER KOVO, HP Tronic/Datart, 11 Entertainment Group, Summa Linguae Technologies, Conectart, GTH catering, R2B2, Home Care Promedica, HC Electronics, JP-Prolak, SEA – Chomutov and UPS Technology.
For more information, please visit: www.genesis.cz/en
About KASPER KOVO
KASPER KOVO s.r.o. is an engineering company established in 1992. It owns two production facilities in Trutnov, which are very well invested in terms of infrastructure and modern technologies. The main production program includes demanding sheet metal parts, production and assembly of complex units for foreign customers, and production of special pressure vessels. Exports account for 70-80% of sales in the long term, and the company invests heavily in digitalization and the introduction of modern processes. The workforce is stable, highly qualified and has a low turnover. The level and capacity of the production facilities enable the company to pursue a strategy of significant growth in sales and profitability in the medium term. KASPER KOVO is very well positioned as a reliable supplier, with a diversified product portfolio that is resilient to market fluctuations. As the largest Czech company in the Trutnov region, KASPER KOVO is an important partner and supporter for the town of Trutnov and the entire region.
For more information, please visit: www.kasperkovo.cz/en
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Genesis Capital media representative:
David Vondra, Insighters
E-mail: david.vondra@insighters.cz, tel: +420 776 700 131