March 2024 – Kinstellar's Prague office has successfully advised Genesis Private Equity Fund IV (GPEF IV), from the established private equity group Genesis Capital, on the acquisition of Schulte Group, a key player in heating and cooling installations. Genesis Capital is buying a majority stake.
Private equity investors believe that businesses will continue to focus on energy savings and emissions reductions.
The fact that multinational corporations are demanding a greener approach from their suppliers in the Czech Republic contributes to this. We expect Schulte's sales to reach CZK 1 billion within three years.
Tomáa Sýkora, Investment Director of Genesis
The fund' s goal, he said, is to confirm Schulte's position as a local leader in warehouse space and industrial real estate.
Kinstellar advised Genesis Capital on all aspects of the transaction, including due diligence, preparation and negotiations of the transaction documents and merger clearance filing.
The transaction is subject to the approval of the Antimonopoly Office.
The Kinstellar team was led by Jan Juroaka (Partner) and Michal Kníz (Managing Associate) and included Tomáa Čihula (Partner), Denisa `imanská (Associate), Simona Semanová, Paul Válka (Junior Associates) and Jakub Rubáa (Research Assistant).
