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Genesis Private Equity Fund IV (GPEF IV), from the private equity group Genesis Capital, acquired a majority stake in GAF, a Czech manufacturer of specialized metal products. The founder Luděk Fofoňka retains a significant stake.
Czech fund Genesis Private Equity Fund IV and Polish fund Avallon MBO Fund III have agreed to acquire 100% of TES Vsetín, a manufacturer of electrical machines and components, from funds managed by Arx Equity Partners. The transaction is expected to close in February 2023, pending antitrust approval.