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Kinstellar advises Genesis Capital on the acquisition of a big player in heating and cooling installations

March 2024 – Kinstellar’s Prague office has successfully advised Genesis Private Equity Fund IV (GPEF IV), from the established private equity group Genesis Capital, on the acquisition of Schulte Group, a key player in heating and cooling installations. Genesis Capital is buying a majority stake.

Private equity investors believe that businesses will continue to focus on energy savings and emissions reductions.

The fact that multinational corporations are demanding a greener approach from their suppliers in the Czech Republic contributes to this. We expect Schulte's sales to reach CZK 1 billion within three years.
Tomáš Sýkora, Investment Director of Genesis

The fund' s goal, he said, is to confirm Schulte's position as a local leader in warehouse space and industrial real estate.

Kinstellar advised Genesis Capital on all aspects of the transaction, including due diligence, preparation and negotiations of the transaction documents and merger clearance filing.

The transaction is subject to the approval of the Antimonopoly Office.

The Kinstellar team was led by Jan Juroška (Partner) and Michal Kníž (Managing Associate) and included Tomáš Čihula (Partner), Denisa Šimanská (Associate), Simona Semanová, Paul Válka (Junior Associates) and Jakub Rubáš (Research Assistant).

Michal Kníž Managing Associate
+420 221 622 111
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