Genesis backs Hecht Motors alongside SPM investment group

• Genesis will support Hecht’s regional expansion and entry into new markets
• Hecht has achieved 15% to 20% annual growth in recent years
• SPM is one of the limited partners in GPEF IV

Genesis Capital has announced a minority investment in Hecht Motors alongside SPM Investment Group. Hecht is a supplier and manufacturer of garden machinery and equipment. The investment will accelerate the company’s plans for regional expansion and entry into new markets, the firms said. The company, based in Mukařov, Czech Republic, has achieved 15 percent to 20 percent annual growth in recent years.

Genesis Private Equity Fund IV made the investment. SPM, the Czech investment group, is a limited partner in the fund and a minority co-investor in the transaction.

“Hecht is a dynamic company with a unique business model combining a comprehensive and attractive product portfolio with a large, branded retail network, supported by online sales channels and wholesale distribution channels,” said Martin Viliš, Genesis Capital Equity partner in charge of the investment. “This business strategy creates various expansion and growth opportunities.”

Genesis Capital is a private equity group that invests in Central European SMEs. It was founded in 1999, is based in Prague and has six private equity funds with total assets above €350 million.

“We see Hecht as a meaningful investment; it is built on solid foundations and we see numerous growth opportunities lying ahead,” said Slavomír Pavlíček, managing partner of the SPM Investment Group.

SPM is a Czech investment group that was founded in 2016. The firm is based in Prague and is sector agnostic.