{"id":14216,"date":"2026-03-04T20:01:10","date_gmt":"2026-03-04T20:01:10","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/14216\/"},"modified":"2026-03-04T20:01:10","modified_gmt":"2026-03-04T20:01:10","slug":"ceska-pale-fire-capital-investovala-temer-dve-miliardy-do-americke-firmy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/14216\/","title":{"rendered":"\u010cesk\u00e1 Pale Fire Capital investovala t\u00e9m\u011b\u0159 dv\u011b miliardy do americk\u00e9 firmy"},"content":{"rendered":"

Investi\u010dn\u00ed skupina Pale Fire Capital Jana Barty a\u00a0Du\u0161ana \u0160enkypla se na za\u010d\u00e1tku roku pustila do investic na americk\u00fdch kapit\u00e1lov\u00fdch trz\u00edch. Po n\u00e1kupech velk\u00fdch bal\u00edk\u016f akci\u00ed ve spole\u010dnosti Phreesia a\u00a0Angi ve st\u0159edu v\u00a0hl\u00e1\u0161en\u00ed pro americkou komisi pro cenn\u00e9 pap\u00edry ozn\u00e1mila , \u017ee z\u00edskala pod\u00edl 6,9\u00a0procenta v\u00a0digit\u00e1ln\u011b medi\u00e1ln\u00ed a\u00a0internetov\u00e9 firm\u011b Ziff Davis (ZD). V\u00a0jej\u00edm portfoliu jsou pak zn\u00e1m\u00e9 zna\u010dky z\u00a0oblasti technologi\u00ed, z\u00e1bavy a\u00a0her nebo nap\u0159\u00edklad kyberbezpe\u010dnosti.<\/p>\n

V sou\u010dasnosti tak Pale Fire Capital vlastn\u00ed 2,6\u00a0milionu akci\u00ed Ziff Davis. \u201eJde o\u00a0konglomer\u00e1t technologick\u00fdch aktiv, kde jsme vid\u011bli velkou hodnotu jednotliv\u00fdch diviz\u00ed a\u00a0to daleko vy\u0161\u0161\u00ed, ne\u017e byla na burze hodnota cel\u00e9 spole\u010dnosti Ziff Davis. V\u00a0posledn\u00edch dnech jsme proto masivn\u011b kupovali,\u201c komentuje investici Jan Barta. Tuzemsk\u00e1 investi\u010dn\u00ed skupina se tak dostala mezi nejv\u011bt\u0161\u00ed akcion\u00e1\u0159e firmy, mezi n\u011b\u017e pat\u0159\u00ed fondy ve spr\u00e1v\u011b investi\u010dn\u00edch kolos\u016f BlackRock, Vanguard a\u00a0Janus Henderson.<\/p>\n

<\/a><\/p>\n

Tuzem\u0161t\u00ed investo\u0159i za\u010dali budovat pozici v\u00a0Ziff Davis ji\u017e na za\u010d\u00e1tku roku 2025, \u0159\u00edk\u00e1 portfolio mana\u017eer spole\u010dnosti Cyrrus Tom\u00e1\u0161 Pfeiler.\u00a0Podle dat agentury Bloomberg byla pr\u016fm\u011brn\u00e1 cena za jednu akcii 35,62\u00a0dolaru, co\u017e by cel\u00fd bal\u00edk akci\u00ed v\u00a0dr\u017een\u00ed PFC ocenilo na 92,6\u00a0milionu dolar\u016f. V\u00a0korun\u00e1ch jde o\u00a0\u010d\u00e1stku 1,9\u00a0miliardy. Server Stock Titan pak uv\u00e1d\u00ed cenu za akcie ve v\u00fd\u0161i okolo 77\u00a0milion\u016f dolar\u016f (p\u0159es 1,6\u00a0miliardy korun).<\/p>\n

P\u0159ikupov\u00e1n\u00ed akci\u00ed p\u0159itom \u010de\u0161t\u00ed investo\u0159i na\u010dasovali skv\u011ble. \u201eV \u00fater\u00fd byla na\u0161e teze kr\u00e1sn\u011b potvrzena. Spole\u010dnost ozn\u00e1mila, \u017ee prod\u00e1v\u00e1 jednu ze sv\u00fdch p\u011bti diviz\u00ed za 1,2\u00a0miliardy dolar\u016f firm\u011b Accenture,\u201c dod\u00e1v\u00e1 Barta.<\/p>\n

Na zpr\u00e1vu zareagovaly akcie ZD prudk\u00fdm r\u016fstem z\u00a028\u00a0dolar\u016f a\u017e na 49,52\u00a0dolaru na trhu Nasdaq, n\u00e1sledn\u011b ale \u010d\u00e1st zisk\u016f umazaly a\u00a0v \u00fater\u00fd uzav\u0159ely na cen\u011b 41,46\u00a0dolaru. To p\u0159edstavuje denn\u00ed n\u00e1r\u016fst o\u00a0zhruba 48\u00a0procent. Ostatn\u011b v\u00fdkonn\u00fd \u0159editel ZD Vivek Shah ozna\u010dil prodej divize za \u201ep\u0159elomov\u00fd deal\u201c, kter\u00fd pro akcion\u00e1\u0159e p\u0159edstavuje \u201ev\u00fdznamnou realizaci hodnoty\u201c.<\/p>\n

Prodej divize je pozitivn\u00ed pro firmu i\u00a0podle Barty. \u201eZ tohoto prodeje dostane po zdan\u011bn\u00ed ZD zhruba jednu miliardu dolar\u016f, co\u017e by p\u0159i v\u010derej\u0161\u00ed cen\u011b akci\u00ed oce\u0148ovalo cel\u00fd zbytek firmy na 300\u00a0milion\u016f dolar\u016f, p\u0159i\u010dem\u017e zb\u00fdvaj\u00edc\u00ed t\u0159i divize spole\u010dnosti vytv\u00e1\u0159ely osmdes\u00e1t procent zisku ZD,\u201c dopl\u0148uje Barta.<\/p>\n

P\u0159ed ozn\u00e1men\u00edm transakce se p\u0159itom akci\u00edm americk\u00e9 firmy p\u0159\u00edli\u0161 neda\u0159ilo, kdy\u017e se za posledn\u00edch dvan\u00e1ct m\u011bs\u00edc\u016f propadly z\u00a0ceny okolo 39\u00a0dolar\u016f na \u00fatern\u00edch 28\u00a0dolar\u016f. I\u00a0p\u0159es st\u0159ede\u010dn\u00ed r\u016fst ceny investo\u0159i za zm\u00edn\u011bnou dobu p\u0159\u00edli\u0161 nevyd\u011blali, kdy\u017e akcie pos\u00edlily o\u00a06,1\u00a0procenta. Obchod s\u00a0poradensk\u00fdm kolosem Accenture se v\u0161ak m\u016f\u017ee uk\u00e1zat jako p\u0159elomov\u00fd.<\/p>\n

Za investic\u00ed PFC vid\u00ed Pfeiler d\u016fvody v\u00a0podob\u011b n\u00edzk\u00e9ho ocen\u011bn\u00ed a\u00a0z\u00e1rove\u0148 r\u016fstov\u00e9ho potenci\u00e1lu. Jsou zde v\u0161ak podle n\u011bj i\u00a0hrozby. \u201eJe to typ byznysu, kter\u00fd m\u016f\u017ee b\u00fdt naru\u0161en um\u011blou inteligenc\u00ed,\u201c upozor\u0148uje Pfeiler.<\/p>\n

<\/a><\/p>\n

I dal\u0161\u00ed ned\u00e1vn\u00e9 investice Pale Fire Capital jsou charakteristick\u00e9 t\u00edm, \u017ee \u0161ly do n\u00e1kupu akci\u00ed firem, kter\u00fdm v\u011bt\u0161ina trhu nev\u011b\u0159\u00ed a\u00a0v posledn\u00edch m\u011bs\u00edc\u00edch proto akcie klesaly. Jde o\u00a0zm\u00edn\u011bn\u00e9 spole\u010dnosti Phreesia a\u00a0Angi. Firm\u00e1m se v\u0161ak da\u0159\u00ed zlep\u0161ovat jejich finan\u010dn\u00ed v\u00fdsledky.<\/p>\n

Pale Fire Capital Barty a\u00a0\u0160enkypla investuje do cel\u00e9 \u0159ady odv\u011btv\u00ed od technologi\u00ed, t\u011b\u017ea\u0159\u016f zlata p\u0159es software a\u017e po potraviny. Nejv\u011bt\u0161\u00ed pod\u00edly m\u00e1 skupina ve slevov\u00e9m port\u00e1lu Groupon a\u00a0B2Gold, co\u017e je kanadsk\u00e1 t\u011b\u017ea\u0159sk\u00e1 spole\u010dnost, kter\u00e1 vlastn\u00ed a\u00a0provozuje zlat\u00e9 doly v\u00a0Mali, Namibii a\u00a0na Filip\u00edn\u00e1ch. Samotn\u00fd \u0160enkypl z\u00edskal ocen\u011bn\u00ed EY Podnikatel roku 2025\u00a0\u010cesk\u00e9 republiky.<\/p>\n","protected":false},"excerpt":{"rendered":"Investi\u010dn\u00ed skupina Pale Fire Capital Jana Barty a\u00a0Du\u0161ana \u0160enkypla se na za\u010d\u00e1tku roku pustila do investic na americk\u00fdch…\n","protected":false},"author":2,"featured_media":14217,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[412,67,68,7890,69,7889,7473,7472,882],"class_list":{"0":"post-14216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-byznys","8":"tag-akcie","9":"tag-business","10":"tag-byznys","11":"tag-dusan-senkypl","12":"tag-investice","13":"tag-jan-barta","14":"tag-nasdaq","15":"tag-pale-fire-capital","16":"tag-technologie"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116172691021477891","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/14216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=14216"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/14216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/14217"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=14216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=14216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=14216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}