Genesis acquires stake in D2G

Genesis tapped its €80m buyout vehicle Genesis Private Equity Fund III to provide equity for the transaction.

The Czech-based private equity firm said the deal will enable it to offer customers a consolidated portfolio of products and services in the sector of industrial automation.

Genesis held a final close for its third fund in September 2016 on its €82m hard-cap. The firm typically makes two-to-three investments a year, and seeks to acquire majority stakes in Czech and Slovakian small and medium-sized companies.

Equity tickets are generally in the range of €4-8m, with enterprise values of €8-16m. The fund's terms allow for as much as 20% of its overall size to be committed to neighbouring countries Poland, Austria and Hungary, according to unquote" data.

Company
Founded in 1992, D2G is a Czech company specialising in industrial automation and robotics. It recently announced the acquisition of KVELB, a Czech distributor of industrial motors. KVELB expects 2017 turnover of around CZK 150m.

People
Genesis Capital – Lucie Balekova (member of investment committee).
D2G – Jan Kilsinger (CEO).

Advisers
Equity – Deloitte (financial due diligence); Kinstellar (legal).
Company – PwC (corporate due diligence); Jaroš & Vávra (legal).

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• Topics
• Buyouts
• CEE
• Industrials
• Czech Republic
• Genesis Capital