Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

J&T Finance Group

J&T Moves From Adviser to Investor in Ibertax

Posted Fri, 18/09/2009 - 13:05

J&T Group, one of the leading private equity firms in the Czech and Slovak Republics, has entered the highway toll business with an investment in Ibertax. J&T acquired a 10% stake in the electronic tolling services firm after acting as an advisor to help Ibertax parent, SkyToll, line up financing for their Slovakian project. J&T's investment will get Ibertax off the ground while it waits on promised bank loans from Postova Banka, Raiffeisenlandesbank, and Tatra Banka.

J&T Reaches Deal to Purchase International Power Czech Unit

Posted Wed, 12/08/2009 - 00:00

Czech investment firm J&T Group has signed an agreement to purchase the Czech business unit of International Power. The deal includes International Power subsidiary International Power Opatovice (IPO) as well as IPO's shares of Pražská Teplárenská and Energotrans. For the 2008 year IPO generated a pre-tax profit of CZK 2.9 million, including dividends it earned from Pražská Teplárenská. The total value of the sale, which must first gain regulatory approval, has been placed at CZK 22.5 billion.

MIBRAG Sold to Joint Venture of J&T and CEZ

Posted Wed, 01/07/2009 - 21:06

URS Corporation and NRG Energy, Inc., joint owners of MIBRAG, have completed the sale of the German mining and power company to another joint venture in the Czech Republic. Private Equity firm J&T Finance Group has teamed up with the largest Czech power company CEZ to acquire MIBRAG at a cost of $520 million.

J&T Group to Shed Hotels and Healthcare

Posted Tue, 26/05/2009 - 14:27 by Invest-IQ Team

Czech-Slovak investors, J&T Finance Group, have begun making moves that will likely end up in the sale of its hotel, tourism, and healthcare assets. The group is forming the Best Hotel Properties (BHP) company, establishing it with its four and five-star hotels. Properties likely to be included in BHP are Budha Bar (Prague), Crowne Plazza (Bratislava), Kempinski hotels in Bratislava, the High Tatras and Moscow, and a new hotel planned for Prague's Senovazne Square.

J&T will sale the shares of Zentiva

Posted Sun, 22/02/2009 - 16:11

Fervent Holding, a member of the consolidated J&T Group, announces that it has accepted the voluntary offer put forth by the company Sanofi-Aventis Europe for the takeover of its shares in the firm Zentiva.

PPF and J&T to Form New Joint Stock Company

Posted Mon, 09/02/2009 - 01:00

J&T Group, one of the most active finance groups in the Czech Republic and Slovakia, has agreed to a deal with international investment firm PPF to form a joint venture company. The deal will see PPF purchase a 40 percent stake in J&T for approximately CZK 6 billion, with J&T transferring ownership of its energy and industrial assets to the new company. Both PPF and J&T will have a 40% share with the remaining 20% held by J&T's corporate investments partner Daniel Kretínský.

J&T Finance Groups Invests in Moldovan Power Plant

Posted Mon, 29/12/2008 - 01:00

United Energy Moldova, subsidiary of J&T Finance Groups, has signed an agreement with The Republic of Moldova to invest 600 million euros to build a coal fired power plant in the town of Ungheni.

J&T Finance Group increases its share in PRE

Posted Mon, 29/09/2008 - 00:00

J&T Finance Group, increased its share in Czech Pražská Energetika (“PRE”) power company to approximately 41%. Pražská Energetika Holding also strengthened its position to approximately 58% (“PREH”).

J&T Acquisition of PBS Brno Announced

Posted Mon, 09/06/2008 - 00:00

J&T, a Czech-Slovak investment group has purchased a 97.5% interest in Prvni Brnenska Strojirna Brno DIZ (PBS Brno DIZ). The acquisition will give PBS Brno DIZ relief from its financial burdens, while J&T benefits from the opportunities to expand and develop the PBS business and product lines. Terms of the deal were not publicly disclosed.

J&T divests condom manufacturer Vulkan Intim Brands a.s.

Posted Wed, 20/02/2008 - 01:00

J&T divested its remaining stake in Vulkan Intim Brands to the German company C.P.R.