C2H acquires Kara

The firm acquired the business from Czech businessman Zdenek Rinth, who retains a 10% stake.

C2H is eyeing the European fashion retail sector for more opportunities, according to a local press report citing the GP's CEO Michal Micka.

The private equity house has favoured the IT and technology sector until recently, when it started an acquisition trail in the fashion sector with the buyout of Czech fashion retail chain Pietro Filipi at the end of 2017.

Company
Founded in 1997 and headquartered in Trutnov, Kara is a manufacturer and retailer of leather and fur clothing. The firm owns 37 shops in the Czech Republic and a further 10 in Slovakia. It employs a staff of 185 and it reported sales of CZK 365m last year.

People
C2H – Michal Micka (CEO).
Kara – Zdenek Rinth (owner).

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• Buyouts
• CEE
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• Czech Republic