{"id":176506,"date":"2026-08-12T02:27:13","date_gmt":"2026-08-12T02:27:13","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/176506\/"},"modified":"2026-08-12T02:27:13","modified_gmt":"2026-08-12T02:27:13","slug":"cesko-se-vraci-na-mapu-akvizic-a-muze-dekovat-polsku","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/176506\/","title":{"rendered":"\u010cesko se vrac\u00ed na mapu akvizic a m\u016f\u017ee d\u011bkovat Polsku"},"content":{"rendered":"

Pro americk\u00fd fond Kingswood Capital Management \u0161lo o v\u016fbec prvn\u00ed velk\u00fd samostatn\u00fd akvizi\u010dn\u00ed vstup na evropsk\u00fd trh. \u0158e\u010d je o n\u00e1kupu divize zam\u011b\u0159en\u00e9 na etikety a kartonov\u00e9 obaly spole\u010dnosti Coveris. Spadl pod ni i z\u00e1vod v Ku\u0159imi u Brna<\/a> t\u011b\u017e\u00edc\u00ed z napojen\u00ed na polsk\u00e9 aktivity mate\u0159sk\u00e9 firmy. Jde o d\u016fkaz, \u017ee v \u010cesku o\u017eil trh akvizic a stoj\u00ed za n\u00edm n\u00e1vrat zahrani\u010dn\u00edch investor\u016f.\u00a0<\/p>\n

Glob\u00e1ln\u00ed poradensk\u00e1 spole\u010dnost RSM zve\u0159ejnila pololetn\u00ed data f\u00faz\u00ed a akvizic; trh podle n\u00ed meziro\u010dn\u011b vyrostl o 35 procent na 96 transakc\u00ed. R\u016fst t\u00e1hly st\u0159edn\u011b velk\u00e9 obchody, jejich\u017e pod\u00edl na trhu vysko\u010dil ze 7 na 40 procent.\u00a0<\/p>\n

\"\u010cesk\u00fd<\/a>\u010cesk\u00fd byznysov\u00fd tandem expanduje na Z\u00e1pad. Z\u00edskal pod\u00edl v britsk\u00e9 zbrojovce, konkurentovi Explosie<\/a><\/p>\n

P\u0159\u00edb\u011bh, kter\u00fd se skr\u00fdv\u00e1 za \u010d\u00edsly, je ale mnohem zaj\u00edmav\u011bj\u0161\u00ed. Jeho prvn\u00ed \u010d\u00e1st je o tom, \u017ee zahrani\u010dn\u00ed investo\u0159i se vracej\u00ed ve velk\u00e9m do \u010ceska. \u201ePoprv\u00e9 od za\u010d\u00e1tku v\u00e1lky na Ukrajin\u011b vid\u00edme, \u017ee se do st\u0159edn\u011b velk\u00fdch transakc\u00ed vracej\u00ed zahrani\u010dn\u00ed investo\u0159i. Nekupuj\u00ed p\u0159itom jednotliv\u00e9 firmy, ale spole\u010dnosti p\u016fsob\u00edc\u00ed v cel\u00e9m regionu st\u0159edn\u00ed Evropy, kter\u00fd d\u00e1le konsoliduj\u00ed,\u201c popsala \u0159\u00edd\u00edc\u00ed partnerka RSM Monika Mare\u010dkov\u00e1. Pr\u00e1v\u011b p\u0159\u00edklad Kingswood Capital do skl\u00e1da\u010dky zapad\u00e1.\u00a0<\/p>\n

N\u00e1vrat zahrani\u010dn\u00edho kapit\u00e1lu podle Mare\u010dkov\u00e9 tak\u00e9 ukazuje na prom\u011bnu struktury trhu. Pod\u00edl st\u0159edn\u00edch transakc\u00ed v hodnot\u011b 5 a\u017e 20 milion\u016f dolar\u016f vysko\u010dil meziro\u010dn\u011b ze zhruba 7 na p\u0159ibli\u017en\u011b 40 procent trhu, zat\u00edmco pod\u00edl velk\u00fdch obchod\u016f nad 20 milion\u016f dolar\u016f z\u016fstal stabiln\u00ed kolem p\u011btiny. Trh tedy neroste jen po\u010dtem obchod\u016f, ale m\u011bn\u00ed se i jeho skladba.\u00a0<\/p>\n

V dal\u0161\u00ed \u010d\u00e1sti p\u0159\u00edb\u011bhu u\u017e bohu\u017eel nehraje \u010cesko takovou roli. Tahounem regionu je Polsko<\/a> a s klesaj\u00edc\u00edmi \u00farokov\u00fdmi sazbami se u severn\u00edch soused\u016f \u010dek\u00e1 dal\u0161\u00ed r\u016fst. A pr\u00e1v\u011b z t\u00e9hle vlny m\u016f\u017ee \u010cesko profitovat. \u201eSiln\u00fdm magnetem z\u016fst\u00e1v\u00e1 Polsko a z jeho bl\u00edzkosti aktu\u00e1ln\u011b v\u00fdrazn\u011b t\u011b\u017e\u00ed tak\u00e9 sever Moravy, kde jsme v prvn\u00edm pololet\u00ed zaznamenali neb\u00fdval\u00fd investi\u010dn\u00ed z\u00e1jem,\u201c popisuje \u0159editel M&A poradenstv\u00ed RSM David Tajzich.\u00a0<\/p>\n

\"\u010cesko<\/a>\u010cesko jako porodnice jednoro\u017ec\u016f. V p\u0159epo\u010dtu p\u0159ekon\u00e1 i Polsko, na obzoru je ale v\u00fdstraha<\/a><\/p>\n

Zahrani\u010dn\u00ed investo\u0159i dnes podle dat v regionu nestav\u00ed na jednotliv\u00fdch akvizic\u00edch, ale skl\u00e1daj\u00ed celky firem p\u016fsob\u00edc\u00edch nap\u0159\u00ed\u010d st\u0159edn\u00ed Evropou, typicky pr\u00e1v\u011b v kombinaci Polska a \u010ceska nebo \u010ceska a Slovenska. Je\u0161t\u011b p\u0159ed rokem p\u0159itom platilo, \u017ee \u010cesko z mapy zahrani\u010dn\u00edch investor\u016f sp\u00ed\u0161e mizelo a r\u016fst regionu t\u00e1hli na\u0161i severn\u00ed soused\u00e9.\u00a0<\/p>\n

Trh f\u00faz\u00ed a akvizic p\u0159itom rostl u\u017e vloni. \u010cesk\u00fd trh uzav\u0159el rok 2025 s v\u00fdrazn\u00fdm n\u00e1r\u016fstem st\u0159edn\u00edch a velk\u00fdch transakc\u00ed a rekordn\u00ed aktivitou v sektoru komer\u010dn\u00edch nemovitost\u00ed, kter\u00e1 se na p\u0159elomu listopadu a prosince b\u011bhem pouh\u00fdch 18 dn\u016f vyrovnala p\u0159edchoz\u00edm 18 m\u011bs\u00edc\u016fm.\u00a0<\/p>\n

\u201eKl\u00ed\u010dov\u00fdmi faktory ovliv\u0148uj\u00edc\u00edmi f\u00faze a akvizice byly v\u017edy makroekonomick\u00e9 podm\u00ednky a volatilita trhu. S ohledem na pokra\u010duj\u00edc\u00ed r\u016fst evropsk\u00fdch ekonomik a stabiln\u011bj\u0161\u00ed trhy o\u010dek\u00e1v\u00e1me, \u017ee v nadch\u00e1zej\u00edc\u00edch \u010dtvrtlet\u00edch se bude postupn\u011b zvy\u0161ovat po\u010det transakc\u00ed spojen\u00fdch se snahou podnik\u016f konsolidovat a expandovat na nov\u00e9 trhy,\u201c komentoval v prvn\u00edm pololet\u00ed leto\u0161n\u00edho roku Jan Vom\u00e1\u010dka, expert v odd\u011blen\u00ed transak\u010dn\u00edch slu\u017eeb a partner ve spole\u010dnosti Deloitte.\u00a0<\/p>\n

\"\u010ce\u0161i<\/a>\u010ce\u0161i se neboj\u00ed propad\u016f. Investuj\u00ed nejv\u00edc ve st\u0159edn\u00ed Evrop\u011b, ukazuje pr\u016fzkum<\/a><\/p>\n

Z hlediska cel\u00e9ho roku 2025 se po\u010det st\u0159edn\u00edch a velk\u00fdch transakc\u00ed (nad 400 milion\u016f korun) v \u010cesk\u00e9 republice meziro\u010dn\u011b zv\u00fd\u0161il, a sice z 89 (2024) na 98 transakc\u00ed (2025). P\u0159i pohledu na detailn\u00ed anal\u00fdzu expert\u016f spole\u010dnosti Deloitte se v posledn\u00edm kvart\u00e1lu minul\u00e9ho roku odehr\u00e1lo (bez ohledu na jejich velikost) 104 transakc\u00ed s \u010deskou stopou, z toho 57 bylo tuzemsk\u00fdch a 47 zahrnovalo zahrani\u010dn\u00ed entitu.\u00a0<\/p>\n

\u201eZaj\u00edmavost\u00ed je, \u017ee v n\u011bkter\u00fdch zem\u00edch st\u0159edn\u00ed a v\u00fdchodn\u00ed Evropy u\u017e ka\u017ed\u00e1 druh\u00e1 transakce zahrnuje zahrani\u010dn\u00ed subjekt. Tento v\u00fdvoj zd\u016fraz\u0148uje d\u016fle\u017eitost zku\u0161enost\u00ed a dobr\u00e9 spolupr\u00e1ce mezi poradensk\u00fdmi t\u00fdmy, kter\u00e9 umo\u017e\u0148uj\u00ed rychl\u00e9 a hladk\u00e9 proveden\u00ed transakc\u00ed,\u201c dodal Petr D\u011bde\u010dek, expert na f\u00faze a akvizice v odd\u011blen\u00ed finan\u010dn\u00edho poradenstv\u00ed a partner ve spole\u010dnosti Deloitte.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Pro americk\u00fd fond Kingswood Capital Management \u0161lo o v\u016fbec prvn\u00ed velk\u00fd samostatn\u00fd akvizi\u010dn\u00ed vstup na evropsk\u00fd trh. \u0158e\u010d…\n","protected":false},"author":2,"featured_media":176507,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[10],"tags":[42,7602,17,21,1099,6409,2770,16,849,117,5719,18,19,7148,22,20],"class_list":["post-176506","post","type-post","status-publish","format-standard","has-post-thumbnail","category-zpravy","tag-cesko","tag-deloitte","tag-headlines","tag-hlavni-udalosti","tag-investor","tag-kurim","tag-morava","tag-news","tag-obchod","tag-polsko","tag-stredni-evropa","tag-top-news","tag-top-stories","tag-transakce","tag-udalosti-dne","tag-zpravy"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/117080178655805050","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/176506","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=176506"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/176506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/176507"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=176506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=176506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=176506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}