Jet Investment exits MSV Metal Studenka
Czech private equity firm Jet Investment has sold its 100% stake in rail components producer MSV Metal Studenka to strategic buyer Moravia Steel.
Jet Investment bought MSV out of receivership via its subsidiary, Roca Capital, in 2013. The PE house deployed capital from its €128m Jet I fund.
The GP said it invested around €15m in MSV and helped double the profits and revenues of the company. In addition to the organic growth, MSV acquired Polish competitor Kuźnia Ostrów Wielkopolski (KOW) in 2017.
Company
Founded in 1901, MSV is the direct successor of Vagonka Studenka, a manufacturer of forgings and components for rail vehicles. It is headquartered in Studenka, with manufacturing operations in the Czech Republic and in Poland, via its subsidiary KOW. The company generates CZK 1.1bn in annual sales and CZK 152m in EBITDA. It employs 625 staff.
People
Jet Investment – Marek Malík (partner); Jan Sklenar (project director).
Advisers
Vendor – PwC (corporate finance).
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