JSK has advised the Genesis Private Equity Fund IV on its acquisition of STT Servis in the Czech Republic alongside some of the company's management. Wolf Theiss reportedly advised the sellers.
GPEF IV is a private equity fund of Genesis Capital that offers financing for growth and development 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.
STT Servis is a supplier of quality precision machine components and assemblies. It is headquartered in Dlouha Loucka, the Czech Republic.
According to JSK, “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.”
Earlier in 2023, JSK also advised Genesis Private Equity on its PFX investment (as reported by CEE Legal Matters on October 9, 2023).
The JSK team included Partner Tomas Dolezil and Senior Associates Klara Smidova and Daniel Pospisil.
Editor's Note: After this article was published, Wolf Theiss confirmed it had advised the founders of STT Servis. The firm's team included Counsels Tereza Naucova and Tomas Kren, Senior Associate Michal Matous, and Associate Maros Kandrik.