{"id":5796,"date":"2026-02-24T02:32:14","date_gmt":"2026-02-24T02:32:14","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/5796\/"},"modified":"2026-02-24T02:32:14","modified_gmt":"2026-02-24T02:32:14","slug":"britska-investicni-skupina-cinven-investovala-do-poradenske-grant-thornton","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/5796\/","title":{"rendered":"Britsk\u00e1 investi\u010dn\u00ed skupina Cinven investovala do poradensk\u00e9 Grant Thornton"},"content":{"rendered":"

Dal\u0161\u00ed investi\u010dn\u00ed skupina kupuje na tuzemsk\u00e9m trhu firmu, kter\u00e1 p\u016fsob\u00ed v\u00a0oblasti poradenstv\u00ed. Po investici tuzemsk\u00e9ho investi\u010dn\u00edho fondu Arx Equity Partners do majoritn\u00edho pod\u00edlu ve spole\u010dnosti Proxy Holding nyn\u00ed vstupuje britsk\u00e1 investi\u010dn\u00ed skupina Cinven do poradensk\u00e9 firmy Grant Thornton Czech Republic, kter\u00e1 poskytuje poradenstv\u00ed v\u00a0oblasti dan\u00ed, \u00fa\u010detnictv\u00ed, auditu, oce\u0148ov\u00e1n\u00ed nebo nap\u0159\u00edklad pr\u00e1va.<\/p>\n

Spole\u010dnost Grant Thornton o\u00a0tom informovala na sv\u00fdch internetov\u00fdch str\u00e1nk\u00e1ch.<\/p>\n

\u201eVid\u00edme silnou shodu v\u00a0ambic\u00edch, firemn\u00ed kultu\u0159e i\u00a0synergii mezi Grant Thornton Czech Republic (GT CR) a\u00a0Grant Thornton UK a\u00a0Germany, kter\u00e9 pos\u00edl\u00ed pozici skupiny jako p\u0159edn\u00edho poskytovatele poradensk\u00fdch slu\u017eeb na kl\u00ed\u010dov\u00fdch evropsk\u00fdch trz\u00edch,\u201c komentovali akvizici mana\u017ee\u0159i Cinvenu Samy Jazaerli spole\u010dn\u011b s\u00a0Jodi Balfeovou.<\/p>\n

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

Cinven touto akvizic\u00ed pokra\u010duje v\u00a0n\u00e1kupech firem v\u00a0oblasti poradenstv\u00ed a\u00a0v s\u00edti Grant Thornton. \u201eJi\u017e v\u00a0roce 2024\u00a0vstoupil do \u010dlensk\u00e9 firmy Grant Thornton ve Velk\u00e9 Brit\u00e1nii, n\u00e1sledovalo N\u011bmecko a\u00a0nyn\u00ed \u010cesk\u00e1 republika,\u201c popisuje partner poradensk\u00e9 spole\u010dnosti Moore Czech Republic Petr Kymli\u010dka.<\/p>\n

Od spolupr\u00e1ce na ose Velk\u00e1 Brit\u00e1nie\u00a0\u2013 N\u011bmecko\u00a0\u2013 \u010cesko, kterou umo\u017en\u00ed investice Cinvenu, si hodn\u011b slibuje i\u00a0\u010desk\u00e1 pobo\u010dka Grant Thornton. \u201eNejde o\u00a0spont\u00e1nn\u00ed ani impulzivn\u00ed krok. Za t\u00edmto rozhodnut\u00edm stoj\u00ed m\u011bs\u00edce intenzivn\u00edch jedn\u00e1n\u00ed a\u00a0anal\u00fdz, jejich\u017e c\u00edlem bylo vytvo\u0159it strukturu, kter\u00e1 bude dlouhodob\u011b fungovat a\u00a0z\u00e1rove\u0148 p\u0159inese strategick\u00fd i\u00a0ekonomick\u00fd smysl v\u0161em z\u00fa\u010dastn\u011bn\u00fdm,\u201c sd\u011blil k\u00a0investici v\u00fdkonn\u00fd \u0159editel GT CR David Pirner.<\/p>\n

Kupn\u00ed cenu ani v\u00fd\u0161i z\u00edskan\u00e9ho pod\u00edlu v\u00a0\u010desk\u00e9m Grant Thornton skupina Cinven nekomentovala. Brit\u0161t\u00ed investo\u0159i v\u0161ak museli podle expert\u016f d\u00e1t zaj\u00edmavou cenu. Hodnota cel\u00e9 spole\u010dnosti bude toti\u017e p\u0159inejmen\u0161\u00edm ve vy\u0161\u0161\u00edch stovk\u00e1ch milion\u016f korun.<\/p>\n

\u201eGT CR dosahuje obratu zhruba 600\u00a0a\u017e 700\u00a0milion\u016f korun a\u00a0posledn\u00ed zve\u0159ejn\u011bn\u00e1 EBITDA (zisk p\u0159ed \u00faroky, dan\u011bmi a\u00a0odpisy) \u010dinila n\u011bco m\u00e1lo pod sto milion\u016f korun. P\u0159i r\u016fstov\u00fdch vyhl\u00eddk\u00e1ch a\u00a0b\u011b\u017en\u00fdch tr\u017en\u00edch multiplik\u00e1torech v\u00a0tomto odv\u011btv\u00ed by se hodnota mohla pohybovat na \u00farovni sedmikr\u00e1t a\u017e dev\u011btkr\u00e1t EBITDA, tj. na \u00farovni vy\u0161\u0161\u00edch stovek milion\u016f korun,\u201c odhaduje Martin Vachata, hlavn\u00ed analytik a\u00a0specialista na f\u00faze a\u00a0akvizice poradensk\u00e9 spole\u010dnosti Talers, s\u00a0t\u00edm, \u017ee \u201ev p\u0159\u00edpad\u011b extr\u00e9mn\u011bj\u0161\u00edch r\u016fstov\u00fdch vyhl\u00eddek by se cena mohla p\u0159ehoupnout i\u00a0p\u0159es jednu miliardu korun\u201c.<\/p>\n

Podobn\u011b se vyjad\u0159uje k\u00a0hodnot\u011b \u010desk\u00e9 poradensk\u00e9 firmy rovn\u011b\u017e Petr Kymli\u010dka. \u201eVelk\u00e9 firmy, kter\u00e9 jsou sou\u010d\u00e1st\u00ed mezin\u00e1rodn\u00edch profesion\u00e1ln\u00edch organizac\u00ed, se prod\u00e1vaj\u00ed obvykle na b\u00e1zi multiplik\u00e1toru osmkr\u00e1t a\u017e desetkr\u00e1t EBITDA,\u201c \u0159\u00edk\u00e1. V\u00a0p\u0159\u00edpad\u011b zm\u00edn\u011bn\u00e9ho ukazatele zisku ve v\u00fd\u0161i sto milion\u016f korun by tak \u0161lo o\u00a0\u010d\u00e1stku 800\u00a0milion\u016f a\u017e jedna miliarda korun.<\/p>\n

V sou\u010dasnosti maj\u00ed investi\u010dn\u00ed skupiny jako Cinven z\u00e1jem o\u00a0poradensk\u00e9 spole\u010dnosti. Mezin\u00e1rodn\u00ed investor, firma Waterland, podle Kymli\u010dky v\u00a0minul\u00fdch letech vstoupila do n\u011bkolika velk\u00fdch \u010dlensk\u00fdch firem Moore Global v\u00a0z\u00e1padn\u00ed Evrop\u011b. \u201ePomohl jim d\u00edky poskytnut\u00ed finan\u010dn\u00edch zdroj\u016f k\u00a0rychl\u00e9mu akvizi\u010dn\u00edmu, ale i\u00a0organick\u00e9mu r\u016fstu,\u201c dod\u00e1v\u00e1 Kymli\u010dka. Podobn\u00fd z\u00e1m\u011br m\u00e1 podle n\u011bj i\u00a0Cinven ve vztahu k\u00a0s\u00edti Grant Thornton.<\/p>\n

Kapit\u00e1l pro expanzi<\/p>\n

Dal\u0161\u00edm p\u0159\u00edpadem je zm\u00edn\u011bn\u00fd vstup fondu ARX do firmy Proxy Holding. \u201eInvesti\u010dn\u00ed skupiny oce\u0148uj\u00ed poradensk\u00e9 spole\u010dnosti pro jejich stabiln\u00ed a\u00a0p\u0159edv\u00eddateln\u00e9 p\u0159\u00edjmy i\u00a0vysokou hodnotu know-how,\u201c uv\u00e1d\u00ed Vachata a\u00a0dod\u00e1v\u00e1, \u017ee jde o \u201eobor, kter\u00fd nikdy nevym\u0159e\u201c.<\/p>\n

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

Nyn\u00ed je nav\u00edc podle expert\u016f vhodn\u00e1 doba na prodej podobn\u00fdch firem, \u010deho\u017e vyu\u017eili majitel\u00e9 \u010desk\u00e9ho Grant Thorntonu. \u201e\u0160lo o\u00a0kombinaci zaj\u00edmav\u00e9 nab\u00eddky ze strany Cinvenu a\u00a0snahy lok\u00e1ln\u00edch partner\u016f o\u00a0vyu\u017eit\u00ed vhodn\u00e9 chv\u00edle pro akvizi\u010dn\u00ed r\u016fst,\u201c uv\u00e1d\u00ed k\u00a0d\u016fvod\u016fm prodeje Kymli\u010dka. Podle n\u011bj mohou nyn\u00ed investo\u0159i r\u016fst kv\u016fli genera\u010dn\u00ed v\u00fdm\u011bn\u011b v\u00a0poradensk\u00fdch firm\u00e1ch. Zakladatel\u00e9 se toti\u017e mohou rozhodnout pro prodej spole\u010dnosti, pokud nemaj\u00ed n\u00e1stupce.<\/p>\n

Podle Vachaty pak \u010desk\u00fd Grant Thornton dos\u00e1hl kritick\u00e9 velikosti a\u00a0rozvoje firmy a\u00a0nyn\u00ed cht\u011bj\u00ed z\u00edskat siln\u00e9ho partnera pro dal\u0161\u00ed r\u016fst. \u201eVstup kapit\u00e1lu umo\u017en\u00ed financovat expanzi, technologie a\u00a0p\u0159\u00edpadn\u00e9 akvizice bez toho, ani\u017e by museli nabrat nov\u00e9 extern\u00ed dluhy,\u201c dopl\u0148uje Vachata.<\/p>\n","protected":false},"excerpt":{"rendered":"Dal\u0161\u00ed investi\u010dn\u00ed skupina kupuje na tuzemsk\u00e9m trhu firmu, kter\u00e1 p\u016fsob\u00ed v\u00a0oblasti poradenstv\u00ed. Po investici tuzemsk\u00e9ho investi\u010dn\u00edho fondu Arx…\n","protected":false},"author":2,"featured_media":5797,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[154,67,68,4139,4141,4140,4137,4138],"class_list":{"0":"post-5796","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-byznys","8":"tag-akvizice","9":"tag-business","10":"tag-byznys","11":"tag-cinven-limited","12":"tag-fuze","13":"tag-grant-thornton","14":"tag-poradenstvi","15":"tag-soukromy-kapital-private-equity"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/5796","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=5796"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/5796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/5797"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=5796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=5796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=5796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}