About private equity

How private equity invests in privately-owned businesses, supports jobs and creates prosperity.

Members

Login to access your exclusive member-only content and account information.

Login

Not a member? Join us

  • Operate to the highest level of professional standards
  • Access authoritative industry research and data
  • Navigate the complex EU regulatory environment
  • Network and engage with industry leaders
Private equity in action - Case Study

Novaservis

Back to results
Country Czech Republic
Region Jihovychod
Investor KBC Private Equity
Share

Novaservis, based in Czech Republic, is a leading producer and distributor of bathroom equipment. KBC Private Equity acquired the company in 2006 with a strategy to renew and expand the product portfolio and to grow and enter in selected markets in Central and Eastern Europe. During the investment horizon, Novaservis consolidated its position in Czech Republic, became market leader in Slovakia and entered Romania, setting up a sales office in 2009. The company also entered into a joint venture in China.

Having successfully survived the market downturn, in 2011, Novaservis was sold to Ferro, a Polish company quoted on the Warsaw Stock Exchange, with an expanded position as a leading platform in the sanitary equipment business in CEE.

Peter Schreier

CEO

Novaservis

In the course of our fiveyear cooperation, KBC acted as an experienced financial investor who supported Novaservis’ conversion from a local into an international enterprise. Quotation Marks Graphic
€34m

capital gain in KBC Private Equity

33%

growth in revenues during investment

What did the business need?

  • Professionalising of management and financial reporting
  • Optimisation of logistics and reduction of production cost
  • Expansion of product portfolio and geographical coverage

How did private equity backing create lasting value?

  • Proper monthly management reporting set up, including a set of relevant KPI’s
  • Hiring of a new CEO
  • State-of-the-art warehousing system in Czech Republic
  • Introduction of product lines, such as garden programme and shower programme
  • Aggressive acquisition of market share in Slovakia and set-up of sales organisation in Romania
  • Successful entry in other CEE and CIS countries through a dedicated export manager
  • Set-up of joint-venture in China to reduce production costs

What outcomes did private equity investment achieve?

  • Sale of Novaservis to trade buyer Ferro in April 2011 for €48m
  • 3.2x return for KBC Private Equity, and an IRR of 28.9%
  • Consolidated market leadership in Czech Republic and number one player in Slovakia
  • Robustness of the company proven during the crisis in the construction industry

More information

Novaservis

Share

What can I do to manage cookies stored on my computer or phone?

You can accept or refuse cookies. Accepting cookies is usually the best way to make sure you get the best from a website.

Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.

Help on how to set and customise your cookie settings for your browser

How to manage cookies in Internet Explorer

Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.

How to manage cookies in Firefox

Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.

How to manage cookies in Chrome

Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.

How to manage cookies in Opera 

You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies

How to manage cookies in Safari

Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.

To manage cookies on your mobile phone please consult your manual or handbook.

Get more help about how cookies work with specific browsers.

What happens if I don't accept cookies?

If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.

What happens if I delete my cookies?

If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.

What happens if I change computers or mobile?

If you use a different device, computer profile or browser you will have to tell us your preferences again.

If you'd like to learn more about cookies in general and how to manage them, visit aboutcookies.org.

We can't be responsible for the content of external websites.

Opt-out of cookies

Login

Join today

This is for members only. To view in full login or join Invest Europe today.