Kinstellar has advised Genesis Private Equity Fund III on its acquisition of what the firm describes as "a material minority share" in a new player on the consumer electronics market.
According to Kinstellar, "the owners of the respective companies have agreed to combine HP TRONIC, the operator of the Euronics retail chain and owner of the Kasa.cz and Hej.sk e-shops, with DATART, one of the biggest retail entities in the Czech Republic. The structure will receive a capital contribution from Genesis Private Equity Fund III, which will gain a material minority share."
The merger, according to Kinstellar, will create an enterprise with revenue in excess of CZK 15 billion per year and "a high-quality chain of more than 130 specialized electronics shops that are visited by more than 22 million customers annually."
The transaction remains subject to the approval of the Office for the Protection of Competition in the Czech Republic and the Antimonopoly Office of the Slovak Republic.
The Kinstellar team was led by Partner Jan Juroska, assisted by Senior Associate Michal Kniz and Junior Associate Kristyna Del Maschio.
