On February 27th, 2019, Genesis Capital, the Czech investment fund, acquired most of the shares in CN Group from the original Danish investors who founded the company in 1994. Since then the company has been going through an extended legal and financial process to finish the acquisition. Today that process was completed when CN Group CZ s.r.o. was merged with CN Group Holding a.s. to form a new entity, CN Group CZ a.s.
This change, effective from April 1st, is a formality made necessary by the acquisition by the new owners and does not change the way in which CN Group collaborates with its customers, business partners and the people who work for it. CN Group CZ a.s. (with its new ID No.: 07885041) has its registered office at Ve Smečkách 20, 110 00 Prague 1, Czech Republic and its operations will continue as before in Prague, Bratislava, Bucharest and Zlín.
Genesis Capital was established in 1999, to support the development of small and medium-sized enterprises with strong growth potential using capital provided by institutional investors. The Genesis fund holding a majority shareholding in CN Group CZ a.s is Genesis Private Equity Fund III (GPEF III), backed by major institutional investors such as the European Investment Fund, Česká spořitelna, Amundi Czech Republic, Kooperativa pojišťovna, Česká podnikatelská pojišťovna, a Finnish fund-of-funds eQ Private Equity, a pension fund of a renowned global company and a Czech family office.