Genesis is exiting from Roltechnik

Genesis is exiting from Roltechnik
3. srpna 2016 • 11:39
Genesis Private Equity Fund II (GPEF II), owning 90% of an important Czech manufacturer of sanitary equipment Roltechnik seated in Třebařov in the region of Pardubice, sold its share to the international group Roth Industries. Three senior managers of Roltechnik also sold their shares together with Genesis, therefore Roth Industries is becoming the sole owner of the Company.

Roth Industries – a strong group headquartered in Germany – became interested in Roltechnik, because one of its divisions focuses on sanitary systems, and the Czech manufacturer fits well into its portfolio. „The acquisition of Roltechnik is an important setting of the course for the further internationalisation of our business activities and the enlargement of our product ranges in the sanitary sector. We have a long lasting cooperation, we know the company, people and performance very well. Business principles and company cultures are quite similar. This is a perfect base for a smooth and fast integration. Roltechnik has a huge reputation in Eastern European markets and an excellent network in the professional market. The combination of the strengths of both organisations will be the benefit for our customers,” says Matthias Donges, Chief Executive Officer of Roth Industries.

Genesis entered Roltechnik in 2008 when the mood in the construction sector – to a large extent the crucial sector for the success of the firm – was not very positive. Nevertheless, the Company managed to not only get through that crisis but also to launch new growth. Under the GPEF II ownership, Roltechnik expanded its product range and started with its own manufacturing of acrylate shower bases. The new management headed by CEO Jiří Šejnoha played an important role in that process. “The example of Roltechnik is proof that with good management, you can achieve success even in periods when your company sector is in trouble,” says Jan Tauber, Managing Partner of Genesis Capital, the local advisor to Genesis Private Equity Funds. Experienced and competent management is one of the key factors for Genesis Capital when deciding about the entry of the fund into a company.

Roltechnik is currently the leader in its market segment in the Czech and Slovak markets and is exporting over half of its production to over 20 European countries. The Prague office of the international advisory firm EY served as advisor to the selling party (GPEF II) during the transaction.

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