Genesis Capital to Sell AZ KLIMA to ČEZ ESCO (CEE and CIS)

Source: Genesis Capital

Czech Republic- and Slovakia-focused private equity firm Genesis Capital has agreed to sell its majority stake in Czech Republic-based technical facility management and air conditioning company AZ KLIMA to Czech Republic-based energy services company ČEZ ESCO. Genesis originally acquired a 68.5 percent stake in the company through GPEF II in 2011. The transaction is subject to the signing of contractual documentation and approval by the Czech Republic’s Office for the Protection of Competition. Financial details of the transaction were not disclosed.