9th September 2019, Prague / Luxembourg
A key ownership change in the market of public transport in the Czech Republic was done in the group 3ČSAD. Transdev Česká republika s.r.o., a member of the transnational concern Transdev, became the new majority shareholder.
By closing the transaction, Transdev strengthened its position on the Czech market and now belongs to four largest private carriers in the country. The company thus continues the trend of expansion in the Czech Republic and in the Central European region. The Transdev Group is a global transport operator with operations in 20 countries on five continents.
MiddleCap was a strategic advisor for Transdev Česká republika s.r.o. the purchaser. The successful transaction resulted in the acquisition of 87.04% of shares in ČSAD Havířov a.s. and 25% share in BUS MANAGEMENT s.r.o. The MiddleCap team was managed by Sabina Matzenauerová, Head of Advisory and Managing Director MiddleCap CZ in cooperation with Josef Pokorný, Tomáš Zeľo and Martin Proksa, Head of Private Equity in MiddleCap Group, S.A.
Sabina Matzenauerová from MiddleCap commented:
“We appreciate the trust we have received from Transdev in preparing and the execution of a demanding transaction. At the same time, we value transparent and fair negotiations on both sides of the transaction, i.e. Transdev Czech Republic s.r.o. and CIDEM Hranice, a.s.. We believe that our team contributed to Transdev’s continued development of the group in the Czech Republic,”
About MiddleCap Group S.A.
MiddleCap Group, S.A., is an established investment and consulting company based in Luxembourg with offices in London, Bratislava, Prague, Dubai, Berlin and Monaco. In addition to providing a full range of advisory services in the areas of M&A, restructuring acquisitions and corporate finance, the group acts as a long-term investor focusing on real estate market, private equity investment, intergenerational ownership changes, start-ups and capital market investments. Over the past three years, the company has advised transactions in excess of 800 million euros. The total volume of real estate projects carried out so far exceeded EUR 110 million. More information: www.middlecap.com
As an operator and a global mobility integrator, Transdev – the company for mobility, provides people with freedom of movement at any time and whatever they choose. 11 million passengers travel every day thanks to efficient, easy-to-use and environmentally friendly transport services that connect people and communities. Transdev belongs to the Caisse des Dépôts group (66%) and the Rethmann group (34%). The Transdev Group employs 82,000 people in 20 countries and generated total revenues of EUR 6.9 billion in 2018.
3ČSAD is a traditional carrier with a strong focus on low-emission transport, operating more than 300 CNG (compressed natural gas) buses and 12 electric buses in its fleet. The 3ČSAD Group providing public transportation in cities of Havířov, Karviná, Orlová, Frýdek-Místek, Hranice na Moravě and in the area of Českotěšínsko, is the largest transportation group in North Moravia and also one of the top five largest transportation groups in the Czech Republic.