Kinstellar has advised the Czech Republic's Genesis Capital on its acquisition of a 47% share in the POS Media Group from founder and CEO Richard van het Bolscher, who remains the controlling shareholder.
POS is a provider of point-of-sale advertising and in-store communications solutions.
The GP bought its stake in the business with capital from Genesis Private Equity Fund III, a EUR 82 million buyout fund that held its final close in September 2016. POS is the second investment by the fund, following the buyout of pharmaceuticals company Quinta-Analytica in June of last year.
POS, which is headquartered in Prague, was founded in 1998 as International Media Ideas Group and operates in the Czech Republic, Hungary, Slovakia, Poland, Russia, and Ukraine. It reported revenues of EUR 29 million in 2016 and has 170 employees.
The Kinstellar team was led by Partner Jan Juroska and included Associates Kristyna Del Maschio and Michal Kniz.
Kinstellar did not reply to an inquiry about the identity of van het Bolscher's counsel.
Image Source: pos-media.eu