Dentons advised Genesis Capital on the acquisition of a majority stake in the Slevomat group

Prague—Global law firm Dentons has advised the private equity group Genesis Capital on its acquisition of a majority stake in the Slevomat Group, the operator of the leading Czech and Slovak travel and experience platforms Slevomat.cz and Zlavomat.sk.

Genesis Capital acquired the controlling stake through its fund Genesis Private Equity Fund V. The remaining shares will be held by the current members of the Slevomat Group’s management team and the family office of Jitka Cechlová Komárková. Completion of the transaction is subject to approval by the relevant competition authority.

Slevomat, which had been owned since 2017 by the UK-based Secret Escapes Group, is returning to Czech ownership through this transaction. According to the management, this is a strategic step that will enable the group to continue growing, strengthen its market position, and further develop its technological capabilities and customer experience.

“Slevomat has long been among the most successful Czech and Slovak online platforms, and we see significant potential for further growth, innovation, and strengthening customer satisfaction. We are all the more delighted that this transaction is the first signed acquisition of our newest fund, Genesis Private Equity Fund V, currently sized at EUR 270 million. Our sincere thanks go to the professional Dentons team, whose expertise greatly contributed to the efficient and smooth progress of the entire process,” said Tomáš Sýkora, Investment Director at Genesis Capital Equity.

“We are pleased to have been part of this transaction, which is one of the largest investments in the history of Genesis Capital. Stories like this confirm the private equity sector’s interest in well-managed Czech companies with growth potential and a strong focus on technological solutions,” said David Šimek, M&A partner at Dentons.

The transaction was carried out by an international Dentons team led by partner David Šimek, with support from teams in Prague, Bratislava, Luxembourg, and the English law team. The Prague transaction team consisted of Anna Kolodrubcová, Kateřina Kučerová, Tereza Krejčová, Jiří Maršál, and Dušan Korbel. The competition team comprised Tomáš Pavelka and Robert Květoň. The banking and finance team included Ondřej Bartoň, Jarmila Hager, Martin Šupák a Ján Mozoľ. The Luxembourg team included Namik Ramić, David Paiva, and Charel Heim. The English and US law qualified team consisted of Rob Irving, Sebastian Ishiguro, Abbey Varns and Liliana Flam. The Slovak due diligence team included Juraj Gyárfáš, Michal Záthurecký, Magdaléna Karvaiová, and Dávid Duda.

Genesis Capital is one of the leading private equity investors in the Czech Republic and Slovakia. Since its founding in 1999, it has supported more than 90 companies across various sectors.