1_Historie

We put capital and companies into motion

For 27 years, we have been working for Central European industry

We have been building the value of companies for 27 years. We are growing our own capital and that of the investors with whom we work. We have been involved with about 36 companies.

 

Jet Investment in a nutshell

We are an investment company and manager of Jet Funds for qualified investors under the regulation of the Czech National Bank. Investment projects are financed by combining our own funds with capital entrusted to us by institutional investors from the Czech Republic and abroad. Individual private investors, too, can make private equity investments with us. We have been offering this possibility through Jet Funds since 2015. We bring investors attractive returns on their invested funds over the long term. 

Since our establishment in 1997, we have focused on investing in small and medium-sized industrial companies across the entire CEE region. With our 27 years of experience in private equity, we can provide companies with the financial and strategic support to achieve further growth. We specialize in growth, buy-out, succession, and turnaround/rescue investments. In our history, we have supported, restructured, and reorganized 36 enterprises and stood behind several significant court-permitted reorganizations of manufacturing companies in the Czech Republic and Slovakia.

End of Jet 3 Fund subscription period

 

End of Jet 1 Fund investment horizon

 

Divestment of TEDOM Group

2024
2023

LIKOV s.r.o.

acquisition 2023 – owned to date by Jet 3 Fund

building industry

 

Divestment of BENVIG HEAT TRANSFER

Divestment of PBS Power Equipment

 

Rockfin sp. z o.o

acquisition 2022 – owned to date by Jet 2 Fund

engineering, energy

 

Euro-Druckservice GmbH

acquisition 2022 – owned to date by Jet 2 Fund

polygraphic industry

 

 

2022
2021

TEDOM energie, s.r.o.

acquisition 2021 (under the name FREE. Česká republika s.r.o.) – divested 2024

power industry services

 

Divestment of MSV Metal Group

Over the eight years of Jet Investment management, MSV Metal Studénka has become a profitable company that invests in technology and pays its employees well, a company with a full order book as well as production capacity, and one with a clear vision of where to further develop and invest. The investment produced a 5.54× gross multiple of invested capital.

 

2JCP, a. s.

acquisition 2020 – owned to date by Jet 2 Fund

engineering

member of 2 JCP Group

 

 

 

 

 

 

2020
2019

BENET AUTOMOTIVE divestment

The sale of BENET AUTOMOTIVE to a strategic partner was a relatively quick but effective outcome of Jet Investment’s entering the project.

 

TEDOM, a. s.

acquisition 2019 – divested 2024

power industry products and services

member of TEDOM Group

 

KORDÁRNA Plus divestment

The investment produced a 5.75× gross multiple of invested capital. It is among the most successful projects in the history of the Brno-based investment company.

 

First divestment of Jet 1 Fund 

The sale of LESS & TIMBER and its subsidiary LESS & ENERGY was Jet 1 Fund’s first divestment, and it became one of the most successful projects in Jet Investment history. In under four years’ time, the project produced a 6.3× gross multiple of invested capital.

 

Subscription of Jet 2 Fund

 

 

2018
2017

End of Jet 1 Fund subscription period

 

HOECKLE 

acquisition 2017 – owned to this date by Jet 1 Fund

automotive components, precision engineering

member of HOECKLE POLDI Group

 

BENET AUTOMOTIVE s. r. o.

acquisition 2017 – divestment 2019

automotive components

 

Kuźnia Ostrów Wielkopolski Sp. z o.o.

acquisition 2017 – divestment 2020

railway industry

member of MSV Metal Group

 

 

BENVIG HEAT TRANSFER, s. r. o.

acquisition 2016 (under the name BRONSWERK HEAT TRANSFER) – divestment 2023

products and services for the oil and energy industries

key company in BENVIG

 

FIBERPREG GmbH, Kordcarbon, a. s.

acquisition 2016 (under the name Fiberpreg CZ) – owned to this date by Jet 1 Fund

specialty chemicals, technical textiles

key company in COMPOSITE Group

 

Payment4U, a. s.

acquisition 2016 – divestment 2020

electro-technical industry and software

 

 

2016
2015

Transformation of Jet Investment and subscription of Jet1 Fund

Jet Investment transforms itself from an investment group into an investment company regulated by the Czech National Bank and becomes licensed to manage qualified investor funds. Jet 1, investiční fond a. s. private equity fund is founded. Within a half year, more than 100 investors invest approximately EUR 129 million, 40% of which is investments of Jet Investment partners.

 

LESS & TIMBER, a. s.
LESS & ENERGY, s. r. o.

acquisition 2015 - divestment 2018
wood processing industry, building materials and accessories, renewable energy sources
6.3× gross multiple of invested capital

 

 

 

 

 

MSV Metal Studénka, a. s.

acquisition 2013 – divestment 2020

railway industry

 

 

New partner 

Marek Malík joins Jet Investment as a partner

2013
2010

KORDÁRNA Plus, a. s.

Slovkord, a. s., Slovenský hodváb, a. s.

acquisition 2010 – divestment 2018

technical textiles, specialty chemicals

 

 

The acquisition of Kordárna involves several firsts for Jet Investment. It is its first foreign acquisition. It is also the largest court-permitted reorganization up to that time, as well as the first cross-border reorganization in the Czech Republic. To this day, Kordárna stands among the largest and most successful reorganizations of manufacturing enterprises in the history of Czech insolvencies.

Avízo, s. r. o.

acquisition 2008 – divestment 2013

packaging industry

1.2× gross multiple of invested capital

  

 

ROLOFOL, s. r. o.

acquisition 2008 – divestment 2011

packaging industry

−40% investment return (loss)

 

 

2008
2006

STROJÍRNY POLDI, a. s.

acquisition 2006 – owned to this date by Jet 1 Fund

automotive components, precision engineering

key company in HOECKLE POLDI Group

Jitka, a. s.

acquisition 2005 – divestment 2007

textile industry

1.3× gross multiple of invested capital

 

 

2005
2004

PBS INDUSTRY, a. s.

acquisition 2004 – owned to this date by Jet 2 Fund

industrial and heavy machinery, automotive components

key company in 2 JCP Group

 

ADAST Blansko

acquisition 2004 – divestment 2004

machinery

1.8× gross multiple of invested capital

 

 

Hutní montáže, a. s.

acquisition 2002 – divestment 2005

heavy machinery

1.1× gross multiple of invested capital

2002
2001

ZPA Nová Paka, a. s.

acquisition 2001 – divestment 2007

electro-technical industry

6.8× gross multiple of invested capital

  

VINIUM, a. s.

Víno Bzenec, a. s.

acquisition 2001 – divestment 2003

food industry

2.2× gross multiple of invested capital

 

 

 

Jet Investment moves to new headquarters at Hlinky Street in Brno

From approximately the turn of the millennium, Jet Investment is turning to more sophisticated methods of restructuring. In addition to cost, asset, and financial aspects, it devotes itself especially to the areas of business strategy and quality of management. In addition to restructuring, there also are projects requiring liquidation of companies having attractive assets but no prospects for long-term success in the market. Selected acquisitions remain in the Jet Investment portfolio to this day.

 

Českomoravský len a. s.

acquisition 2000 – divestment 2001

wood processing industry

3.9× gross multiple of invested capital

 

2000
1999

Severomoravské sběrné suroviny, a. s.

Sběrné suroviny Brno, a. s.

acquisition 1999 – divestment 2001

collecting recyclable materials

2.9× gross multiple of invested capital

 

Moravské autoopravny Olomouc, a. s.

acquisition 1998 – divestment 2002

automotive repairs and refurbishment

4.0× gross multiple of invested capital

 

 

Kornolit, a. s.

acquisition 1998 – divestment 2000

plastics manufacturing

3.2× gross multiple of invested capital

 

 

 

 

 

1998
1997

Foundation of Jet Investment

Igor Fait, together with partners Lubor Turza and Libor Šparlinek, establishes Jet Investment. From its very beginning, the investment group is focused on restructuring industrial companies. The first projects with unutilized assets and inefficient structures involve primarily managerial decision-making with the aim of rationalizing business operations and financial management.