Tag: transaction

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9th September 2019, Prague / Luxembourg

A key ownership change in the market of public transport in the Czech Republic was done in the group 3ČSAD. Transdev Česká republika s.r.o., a member of the transnational concern Transdev, became the new majority shareholder.

By closing the transaction, Transdev strengthened its position on the Czech market and now belongs to four largest private carriers in the country. The company thus continues the trend of expansion in the Czech Republic and in the Central European region. The Transdev Group is a global transport operator with operations in 20 countries on five continents.

MiddleCap was a strategic advisor for Transdev Česká republika s.r.o. the purchaser. The successful transaction resulted in the acquisition of 87.04% of shares in ČSAD Havířov a.s. and 25% share in BUS MANAGEMENT s.r.o. The MiddleCap team was managed by Sabina Matzenauerová, Head of Advisory and Managing Director MiddleCap CZ in cooperation with Josef Pokorný, Tomáš Zeľo and Martin Proksa, Head of Private Equity in MiddleCap Group, S.A.

Sabina Matzenauerová from MiddleCap commented:
“We appreciate the trust we have received from Transdev in preparing and the execution of a demanding transaction. At the same time, we value transparent and fair negotiations on both sides of the transaction, i.e. Transdev Czech Republic s.r.o. and CIDEM Hranice, a.s.. We believe that our team contributed to Transdev’s continued development of the group in the Czech Republic,”

About MiddleCap Group S.A.

MiddleCap Group, S.A., is an established investment and consulting company based in Luxembourg with offices in London, Bratislava, Prague, Dubai, Berlin and Monaco. In addition to providing a full range of advisory services in the areas of M&A, restructuring acquisitions and corporate finance, the group acts as a long-term investor focusing on real estate market, private equity investment, intergenerational ownership changes, start-ups and capital market investments. Over the past three years, the company has advised transactions in excess of 800 million euros. The total volume of real estate projects carried out so far exceeded EUR 110 million. More information: www.middlecap.com

About Transdev

As an operator and a global mobility integrator, Transdev – the company for mobility, provides people with freedom of movement at any time and whatever they choose. 11 million passengers travel every day thanks to efficient, easy-to-use and environmentally friendly transport services that connect people and communities. Transdev belongs to the Caisse des Dépôts group (66%) and the Rethmann group (34%). The Transdev Group employs 82,000 people in 20 countries and generated total revenues of EUR 6.9 billion in 2018.

About 3ČSAD

3ČSAD is a traditional carrier with a strong focus on low-emission transport, operating more than 300 CNG (compressed natural gas) buses and 12 electric buses in its fleet. The 3ČSAD Group providing public transportation in cities of Havířov, Karviná, Orlová, Frýdek-Místek, Hranice na Moravě and in the area of Českotěšínsko, is the largest transportation group in North Moravia and also one of the top five largest transportation groups in the Czech Republic.

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Luxembourg / Prague / Bratislava  FOKUS optik and FOKUS očná optika are the largest eyewear retail network in the Czech and Slovak Republic. By closing both transactions, MiddleCap Group has become one of the largest players in the Central European eyewear retailers market, now operating more than 150 stores. MiddleCap is the owner of both companies.

Both retail networks have been active in the relevant markets for a long time, deriving their history from the foundations back in the 1950s. With its 66 operations, FOKUS očná optika has been the leader on the Slovak market for a long time. Czech FOKUS optik is the number one in the number of stores (90) and number two based on the revenues. The assortment of both companies consists of a wide and attractive product portfolio in the range of prescription glasses, sunglasses, spectacle frames, contact lenses and accessories. In Slovakia, several operations include also a Vision centre – the connection of opticians with an outpatient medical facility under one roof, which provides the customer with comprehensive eye care. In the Czech Republic, gel contact lenses, designed by world-renowned Czech inventor Otto Wichterle, were applied for the first time in the world in Prague stores operated by FOKUS optik.

“We perceive FOKUS as a traditional strong brand, known for its reliability, product quality, and especially for highly qualified personnel. With the purchase of Czech and Slovak FOKUS, we want to leverage the existing market potential and synergies from the integration of the brand in the two countries, thus strengthening the position of the FOKUS brand as a leader in the Slovak and Czech optical retail market. At the same time, we see great potential in developing the FOKUS brand in other Central European countries,” commented Martin Proksa, Head of Private Equity at MiIddleCap Group, S.A. and a member of the Board of Directors of FOKUS očná optika andFOKUS optik.

In this transaction, MiddleCap was advised by a Slovak law firm MCL providing complex services including acquisition, financing and structuring advisory and the Czech law firm Urban & Hejduk.

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Bratislava, November 12, 2018

MiddleCap sold to the First Real Estate Fund managed by IAD Investments an office building that grew up on the premises of the former Stein brewery in Bratislava. This acquisition is one of the largest real estate transactions in Slovakia in 2018. It is a project with more than 12,000 m2 of administrative and commercial premises, which will thus be added to the real estate portfolio of the First Real Estate Fund, o.p.f.

The project and subsequently also the development of the mentioned object was realized by MiddleCap Real Estate Ltd. through the subsidiary AMW Development a.s. At the end of 2015, the company bought the land from YIT Reding with the aim of building administrative and commercial premises.

MiddleCap Real Estate Ltd., owned by Miroslav Výboh, got the authorised approval of administration building of the multifunctional complex NEW STEIN at the end of 2017 and the first tenants moved to the new administrative premises in March 2018. Currently, the largest tenants are the international companies Deutsche Telekom Services Europe and Lucron Group. The building is located at the crossroads of the streets Krížna and Legionárska. On seven floors, it combines mostly the administrative part with the premises for providing services (900m2) and 170 parking spaces. The new building meets strict environmental criteria and is in the process of obtaining the environmental certification LEED Gold. With the change of owner, the name of the office building is changed to STEINERKA Business Center. The aim is to build on the history of Krizna Street, which the inhabitants of Bratislava remember just as “Steinerka”

“The fact that we managed to conclude the transaction involving the sale of the building in a relatively short time, less than 10 months after final building operation approval, clearly shows the high standard of project processing and finalization. We are sincerely pleased that we have fulfilled our public commitment to quality, which we gave at the very beginning.” commented Matúš Výboh, Chairman of the Board of Directors of AMW Development.

“The NEW STEIN multifunctional office building, now the STEINERKA Business Center, is another valuable asset that diversifies our real estate portfolio. We expect this investment to help us to stabilize and possibly increase the positive performance of the fund, ”states Ing. Vladimír Bencz, Chairman of the Board of Directors of IAD Investments, spol.

“The purchase of a newly-built office building brings to the portfolio of the First Real Estate Fund, o.p.f. another new quality real estate in an attractive location of Bratislava. Together with the above-mentioned tenant structure and the above-standard length of lease contracts, the acquisition represents strong potential for the appreciation of the asset,” said Mgr. Vladimír Bolek, Member of the Board of Directors of IAD Investments reports. spol., a.s. responsible for managing real estate investments. On the seller’s side, MiddleCap Advisory provided complete transaction advice. IAD Investments, správ. spol., a.s. he was represented by the team of CMS, the financial and tax consultancy was provided by Deloitte and the technical consultancy was provided by Sentient ČR.

General information about MiddleCap Real Estate.

MiddleCap Real Estate (formerly Mayfair Assets) is part of MiddleCap Group, S.A., an established investment and consulting firm based in Luxembourg with offices in London, Bratislava, Prague, Dubai and Monaco. It was established in 2018 by the merger of MiddleCap Equity Partners, a.s. and Mayfair Assets Ltd. Partners of the newly formed business group MiddleCap Group, S.A. are Miroslav Výboh, Matúš Výboh, Matej Majerčák, Roman Guniš and Michal Kviečinský.
The Group provides a full range of financial advisory services, acts as a long-term real estate investor and actively seeks opportunities with hidden investment potential in private equity, venture capital and capital markets.
Over the past three years, the company has provided transactional advice in excess of 800 million euros. The total volume of real estate projects carried out so far exceeded EUR 110 million. More information: www.middlecap.com

Basic information about IAD Investments, reports. spol., a.s. and First Real Estate Fund o. p. f.

IAD Investments is the oldest independent Slovak management company. It has been providing financial services to individuals and corporate clients in Central European countries since 1991. Within its European operations, it manages assets in Slovakia, the Czech Republic, Hungary and Slovenia, totalling more than EUR 800 million. EUR. First Real Estate Fund o. p. f is the oldest mutual fund in Slovakia and the Czech Republic, which invests in real estate market assets. Its portfolio consists of investments in various classes of real estate assets – real estate (offices, logistics, retail, etc.) and in the long term brings positive performance to investors with the potential for long-term growth in the value of assets.

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Holding of entrepreneur Miroslav Výboh Mayfair Assets Ltd., recently active in real estate projects in Bratislava, has merged with consulting company MiddleCap Equity Partners by renowned restructuring Sibamac or Doprastav or auctioning of former Stein brewery. They created the investment advisory and real estate holding MiddleCap Group based in Luxembourg.

The new holding will focus on seeking new opportunities in consulting, the real estate market, venture capital and venture capital markets. The Group intends to strengthen its venture capital business considerably by investing more than € 10 million in new business and start-ups in the Central European region over the next three years.

The first new joint holding real estate project is the construction of a 14-21 Rushworth Street office building in Blackfriars, central London, with an estimated investment of up to £ 60 million. After the completed acquisition of the land with a valid permit, the project will enter the implementation phase in the coming months. The partner responsible for the real estate division is Tomáš Jurdák, who started the expansion of HB Reavis in London six years ago.

The merger process, lasting ten months, was contractually concluded at the end of June. Partners of the newly formed business group MiddleCap Group, S.A. are Miroslav Výboh, Matúš Výboh, Matej Majerčák, Roman Guniš and Michal Kviečinský. Formally, the merger will be completed by entry in the Luxembourg Commercial Register within the next few weeks. “This merger increases our potential for investment impact on new projects, opening up new markets primarily in European space, while improving our position in raising new capital,” comments Matej Majerčák, one of the partners and CEO of MiddleCap Group, S.A.

“For a long time I watched the work of people around Mr Majerčák, Guniš and Kviečinský, also in the context of my son Matúš working with MiddleCap Partners on several projects. In recent years, the company has been among the top Czechoslovak advisory and investment leaders and represents a strong group in terms of expertise, creativity and talent, ” adds Miroslav Výboh. This cooperation includes, for example, advice on the purchase of the premises of the former Stein brewery, which was purchased by MiddleCap’s DreamField Property at auction. While the residential part is being realized by YIT Slovakia, the office building was recently completed by AMW Development from Mayfair Assets, which is currently reconstructing the only listed part of the brewery, the Spilka Building.

Miroslav Výboh built his armaments business, later began investing in real estate and consolidated his activities in Mayfair Assets Ltd. based in London. Another current real estate project of the Výbohov family is the reconstruction and reconstruction of the former protected palace of the Chamber of Commerce and Industry on Gorky Street in the historical center of Bratislava.

MiddleCap was particularly successful in the restructuring of large construction companies Sibamac and Doprastav. Also participated in the restructuring of the owners of the Falkensteiner and Park Inn Danube hotels. The company also advised companies such as UPC, Matador, Penta Investments, as well as ministries and state institutions.

In the real estate area, MiddleCap was an advisor to sale transaction of the construction company Reding to Finnish YIT, as well as the sale of administrative towers of the same developer Reding Tower I and II. MiddleCap also advised on the sale of Twin City A, Laugarício shopping center in Trenčín and commercial real estate in the Czech Republic.

The combined MiddleCap Group represents transaction advisory services in excess of EUR 800 million over the past three years. The total volume of real estate projects so far exceeded EUR 110 million.

Source: www.trend.sk