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HP TRONIC, whose portfolio includes the electronics retailer DATART and the brand ETA, has agreed with Genesis Private Equity Fund III (GPEF III) of the Genesis Capital group to buy-back all the shares held by the fund. As a result, 100% of the shares are now within the corporate structure of the HP TRONIC Group, strengthening control over strategic decisions and allowing for flexibility and autonomy in future development.
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.
GAF specializes in complex custom processing of steel, stainless steel and aluminium. The company's products are characterized by high quality and precision, meeting strict certification criteria, and have a wide market application in the food industry, healthcare, textile or rail transport industries, among others. Genesis Private Equity Fund IV, a private equity fund from the Genesis Capital group, has entered into an agreement to invest in a majority stake in GAF. The founder and current 100% owner, Mr. Luděk Fofoňka, will retain a significant stake in the company. The key managers are investing in the company alongside Genesis and Mr. Fofoňka. At the same time, they take over Mr. Fofoňka's role in the top management and together with the new owner plan to build on the successful development of the company in recent years. The transaction is expected to be completed in April 2024.
Since its foundation in 1998, Schulte Group has gradually become a partner for major industrial real estate projects. The company offers its customers comprehensive services, mainly in the field of HVAC, including design preparation, warranty and post-warranty service, with an emphasis on the latest technologies and long-term sustainability of operation. Genesis Private Equity Fund IV (GPEF IV), a private equity fund of Genesis Capital, has agreed with the founders to acquire a majority stake in the company. Key managers will also become shareholders alongside GPEF IV. The common goal is to leverage the expertise and experience of the entire Schulte team for further dynamic development of the business. Completion of the transaction is subject to the approval of the Czech Antimonopoly Authority.
Genesis Capital, one of the most established institutional private equity players in Central Europe, expands its team by the arrival of Petr Müller, previously associate at Dentons and Michal Mikeš, until recently senior investment associate at KKCG. Petr joins as Legal Counsel, strengthening the legal team of Genesis Capital. Michal is a new Investment manager of Genesis Capital Private Equity Funds.