Wolf Theiss advises founders of STT Servis on sale of majority stake in the company to Genesis Capital

Prague, 28 November 2023 – Wolf Theiss Prague’s M&A team successfully advised the founders and shareholders of a Czech CNC machining company that supplies to high precision industries on the successful sale of majority stake and simultaneous investment in the company.

The Wolf Theiss team, led by Tereza Naučová (Counsel, Corporate/M&A) and further comprised of Michal Matouš (Senior Associate, Corporate/M&A), Maroš Kandrík (Associate, Corporate/M&A) and Tomáš Kren (Counsel, Real Estate) assisted with the entire sale process, including negotiation and drafting of the transactional documentation, as well as completion of the transaction. The matter was particularly complex due to the involvement of two separate sellers and their continuation in the management of the company following completion.

“We are very pleased with the legal advice provided by Wolf Theiss’s team. They skillfully navigated us through the whole transaction, demonstrating exceptional expertise even in the face of its complexity,”

says Šárka Ticháčková, one of the two founders of the company.

STT SERVIS, s.r.o. has been acquired by GPEF IV, an investment vehicle from Genesis Capital group. The successful Czech family business operating in the Olomouc region is a leading manufacturer of high precision components for automotive, logistics and other industries. From the small Czech town of Dlouhá Loučka, the firm supplies production lines abroad, for example to the German automotive industry companies. The firm is an example of a successful local SME business within the CNC machining industry in the Czech Republic.

“We are thrilled to work for clients with such an impressive success story. We hope to see continued growth of the company in the years ahead”,

says Tereza Naučová, Counsel and Corporate/M&A team lead at Wolf Theiss Prague.

Genesis Capital is a Czech private equity fund offering financing for growth and development to small and medium-size companies in Central Europe. Since its founding in 1999, Genesis Capital has worked on six private equity funds jointly worth over 350 million euros.