Genesis Growth Equity Fund I specializes in investments in small and medium-sized companies with growth potential, particularly in the Czech Republic and Slovakia. In September, the fund successfully completed the acquisition of a majority stake in Cross Masters, which was founded in 2012 by Jan Hornych.

The company provides consulting, advisory services, and custom IT solutions in the field of data and technology. Cross Masters has been growing at a rate of 20% per year for a long time and currently employs a strong team of 50 consultants, data engineers, and developers, led by CEO Alois Balíček since April of this year.

Genesis Growth Equity Fund I, together with the current owner, will actively support the company's development activities on the domestic and international markets through the newly established holding company. "We were convinced by the deep expertise of the founder, management, and entire Cross Masters team, as well as the company's focus on technology consulting based on an understanding of its customers' business needs. We believe that cooperation with a strong financial partner will accelerate the company's already dynamic growth, which will enable it to supplement selected acquisitions as needed," says Marek Hoščálek, partner of the fund, about the transaction.

The current owner, Jan Hornych, plans to continue working at Cross Masters as a strategic consultant and to devote himself to the development of the entire holding company from the position of its director. "The fund's entry will enable us to realize our long-term vision of creating a strong holding company with an international reach. The expected changes in the market related to the further development of technology bring opportunities for acquisitions of several companies in the industry. I would like to focus primarily on this area, in which I will be working closely with the current CEO, Alois Balíček. During his six months in office, he has brought several positive changes to Cross Masters, and I am confident that under his leadership, the company is on an excellent path to further growth," says Jan Hornych.