M&A Deal Summary

Genesis Capital Acquires Carussel

On April 16, 2024, private equity firm Genesis Capital acquired information technology company Carussel

Acquisition Highlights
  • This is Genesis Capital’s 3rd transaction in the Information Technology sector.
  • This is Genesis Capital’s 1st transaction in Hungary.

M&A Deal Summary

Date 2024-04-16
Target Carussel
Sector Information Technology
Buyer(s) Genesis Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Oppenheimer Wolff & Donnelly LLP (Legal)

Target

Carussel

Budapest, Hungary
Carussel provides digital solutions for car dealerships, distributors, and manufacturers, focusing on modular dealership management systems across 50+ countries. The company also offers online marketing services to optimize traffic acquisition and lead generation. Carussel was founded in 2003 and is based in Budapest, Hungary.

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Buyer(S) 1

Buyer

Genesis Capital

Prague, Czech Republic

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 225M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Genesis Capital SRO is a private equity firm specializing in buyouts (MBOs, MBIs, LBO) and growth capital investments in small and mid-sized enterprises throughout the Czech Republic and Slovakia. Genesis looks to commit €2 to €9 million of equity per transaction (more with co-investors). Genesis generally targets proven businesses with growth potential and strong management. Areas of interest includes processing industry products, commercial services, energy, technology, specialized chemicals, construction materials, healthcare, leisure, selected security equipment and specialty retail. Genesis will not invest in real estate, firearms, gambling, adult entertainment, tobacco or alcohol. Genesis Capital SRO was formed in 1999 and is based in Czech Republic.


DEAL STATS #
Overall 51 of 56
Sector: Information Technology M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 36 of 40
Country: Hungary M&A 1 of 1
Year: 2024 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-23 UPS Technology

Brno, Czech Republic

UPS Technology is an uninterruptible power supply (UPS) systems, DC power supplies, motor generators, and large-scale power centers. The company provides end-to-end services from consultation to after-sales support for clients including CEZ, Siemens, ABB, Skoda, hospitals, airports, and stadiums. UPS Technology was founded in 1991 and is based in Brno, Czech Republic.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 Predvyber.CZ

Prague, Czech Republic

Předvýběr.CZ is a staffing company, specializing in candidate pre-selection. Predvyber.CZ leverages online portals, databases, and networks to ensure high-quality, relevant recruitment for its clients. Predvyber.CZ was founded in 2008 and is based in Prague, Czech Republic.

Buy -