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Kinstellar Advises Genesis Private Equity Fund III on Investment into New DATART and HP TRONIC Structure

Kinstellar Advises Genesis Private Equity Fund III on Investment into New DATART and HP TRONIC Structure

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Kinstellar has advised Genesis Private Equity Fund III in connection with its investment in the combination of DATART and HP TRONIC on the Czech and Slovak market.

According to Kinstellar, "the owners of the respective companies have agreed to combine DATART, one of the biggest retail entities in the Czech Republic, with HP TRONIC, the operator of the Euronics retail chain and owner of the Kasa.cz and Hej.sk e-shops. The newly created structure will represent both companies, which have been operating separately to date, on the retail market. The structure will receive a capital contribution from Genesis Private Equity Fund III, which will gain a material minority share."

The new structure, according to Kinstellar, has "annual revenues of more than CZK 15 billion (approximately EUR 600 million) and a network of approximately 130 specialized electronics shops that are visited by more than 22 million customers annually."

The Kinstellar team was led by Partner Jan Juroska and included Senior Associate Michal Kniz and Junior Associate Kristyna Del Maschio.