JSK has advised Genesis Private Equity Fund IV on its acquisition of the AV Media Group. CK Legal reportedly advised the buyer as well. Tarpan Legal reportedly advised AV Media.
The transaction remains contingent on regulatory approval.
According to JSK, since its establishment in 1992, "AV Media has established a leading position in the field of audio-visual technology in the Czech Republic and surrounding countries. Its business consists of two main pillars: AV Media Systems, which designs and integrates complete audio-visual solutions for customers in the education, public administration, cultural, and commercial sectors, and AV Media Events, which provides complete technology solutions for organizers of conferences, exhibitions, social, cultural, and sporting events."
The Genesis Private Equity Fund IV is a private equity fund of Genesis Capital that offers financing for growth and development to small and medium-sized companies in Central Europe. Since 1999, Genesis Capital has advised six private equity funds with a total volume exceeding EUR 350 million.
According to JSK, "GPEF IV will acquire a majority stake in AV Media and two of the three founders will also keep a stake. The key managers of the group will also become shareholders. The joint intention is to accelerate the growth of the group, either through the expansion of the product portfolio or through selected acquisitions in the region."
The JSK team included Partner Tomas Dolezil and Senior Associates Klara Smidova, Daniel Pospisil, and Vladena Svobodova.
Editor's Note: After this article was published, CK Legal confirmed its involvement to CEE Legal Matters. The firm's team included Managing Partners Magdalena Golonka and Antoni Liskiewicz and Partner Agata Kowalska.