KKCG sells Conectart to Genesis

The company will become part of the portfolio of Genesis Private Equity Fund III, a 2014-vintage vehicle that held a final close on its hard-cap of €82m in 2016.

Under the new ownership, Conectart plans to further expand its operations in the central and eastern European region.

The transaction is expected to close this summer and is subject to approval from the relevant competition authorities.

Company
Conectart, which claims to be the largest operator of contact centres in the Czech Republic, was established in 2016 through targeted development by the KKCG group. Four years earlier, the group had bought the 1188 information line from operator O2, resulting in the creation of a standalone company. Conectart now operates call centres in eight towns in the country and employs 1,000 operators.

People
Genesis Capital – Martin Viliš (partner).
Conectart – Petr Studnička (CEO).
KKCG group – Michal Tománek (investment director for technology).

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• Topics
• Buyouts
• CEE
• Exits
• Support services
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• Secondary buyout
• Genesis Capital