JŠK advised private equity funds GENESIS CAPITAL and Avallon MBO Fund on the acquisition of TES VSETÍN, a traditional Czech manufacturer of electrical machines and components.

With more than 100 years history TES Vsetín s.r.o., based in Vsetín, Czech Republic,is an expert in complex engineering and production of its own proprietary electric machines and related system components.

Genesis Private Equity Fund IV, the private equity fund of Genesis Capital, and Avallon MBO Fund III, a management buyout private equity fund of Avallon, team up with the existing management team of TES to acquire 100% of the Company from funds managed by ARX Equity Partners. The closing of the transaction is expected in February 2023 and is subject to approval by the Czech anti-monopoly authority.

“It was our pleasure to work with the JŠK team, Tomáš Doležil and Daniel Pospíšil in particular. We appreciate their business-oriented approach and deal-oriented focus,” Pavel Kvíčala, the Legal Partner of Genesis Capital said.

The legal team was led by partner Tomáš Doležil, strongly supported by the senior associate Daniel Pospíšil in the role of the executive lawyer and other team members Klára Šmídová and Hana Císlerová. Vladěna Svobodová was responsible for the competition matters.  

“More than pleased to support Genesis and Avallon on this quite unique private equity transaction. It is for the first time when Genesis and Arx as leading institutional private equity funds in the Czech market transacted with each other.” Tomáš Doležil said.  

You can find more information in the press release here

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