Genesis Private Equity Fund IV (GPEF IV), the newest private equity fund of Genesis Capital, and Evolving Europe Principal Investments I (EEPI I), a private equity and growth capital fund advised by Integral Venture Partners, have partnered to acquire 100% of BORCAD cz, a producer of train seats and interior equipment for passenger trains based in Fryčovice, Czech Republic.
BORCAD was founded in 1990 as a design and development studio by Ivan Boruta. Now it is a leading European producer of railway technologies offering a full range of seats for personal carriages, ranging from standard seats for regional trains to luxury, fully electrically operated seats for long-distance trains. In its more than 30 years’ history, the Company produced nearly 500,000 seats for customers in 24 countries worldwide and, with its unique design and original construction solutions, BORCAD is one of the most innovative companies in this field. The Company has 250 employees.
After 30 years of building the business, Boruta is passing its ownership to the new investors to continue further growth and developments of the Company. The new owners will build on the existing strengths of BORCAD cz and support the Company’s leadership transition from the founder to BORCAD’s current management team. The transaction will be completed by mid-September.
