Prag, Czech Republic – 09.07.2024

Genesis Growth acquires a majority stake in Předvýběr.CZ, a specialist recruitment agency in ČR

Genesis Growth Equity Fund I (GGEF I), a private equity fund specializing in investments in small and medium-sized companies with growth potential primarily in the Czech Republic and Slovakia, has successfully completed the acquisition of a majority stake in Předvýběr.CZ. The company provides specialized services of preselection of appropriate candidates in the HR consulting market. GGEF I will work with the reinvesting owners to further develop the company.

Předvýběr.CZ is a Czech company specialising in the time-consuming part of the recruitment process for mid-level and junior positions. The company searches for candidates using specialized databases and other sources, filters them according to specific criteria and personal interviews, and brokers them to its clients for a fixed fee. The company was founded in 2008 and is based in Prague. The founders František Boudný and Vladimír Kočí decided to find a strong financial partner to support the further growth of Předvýběr.CZ.

František Boudný and Vladimír Kočí will retain a significant minority stake in Předvýběr.CZ and will continue to actively participate in the management of the Company. At the same time the intention is to strengthen the management team and allow additional employees to assume greater responsibility for the future direction of the Company.

Marek Hoščálek, Partner at Genesis Capital Growth, says: "The founders found an interesting niche in the established recruitment consulting market between ad servers and specialized recruitment consultants, and they have managed to gradually expand this new market position to several Czech regions. We are happy to support Predvýběr.CZ through our fund in further regional growth in the Czech Republic and prospectively also in neighbouring countries."

František Boudný, founder and CEO of Předvýběr.CZ, said, "We are pleased to team up with Genesis Capital Growth, which we consider a value-add partner for future growth. Our common goal is to provide high quality services to our customers in the future and to support them in their further development, which will be helped by the strong financial background that the partnership with Genesis Capital Growth provides. At the same time, we will place emphasis on the continued development of our employees, which we see as key ingredient for the future success of the company. “

About Předvýběr.CZ

The company was founded in 2008 in Prague by Mr. František Boudný and Mr. Vladimír Kočí. Both founders will remain substantial minority shareholders. Mr. Boudný currently serves as CEO and oversees the day-to-day operations of the company, while Mr. Kočí is involved in managing the strategic development of the company. The company has more than 50 employees and generated revenues of nearly €3 million in 2023.

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Transaction Advisers

Kinstellar acted as legal advisor and VGD acted as financial and tax advisor to Genesis Growth Equity Fund I.
Talers Advisory Group provided transactional and legal advisory services to the shareholders of Předvýběr.CZ.

Contacts:

PR representation Genesis Growth Equity Fund I
David Vondra, Insighters s.r.o.
E-mail: david.vondra@insighters.cz; tel.: +420 776 700 131


Předvýběr.CZ s.r.o.
František Boudný
E-mail: frantisek.boudny@predvyber.cz; tel.: +420 606 839 360

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