{"id":84406,"date":"2026-05-13T14:35:10","date_gmt":"2026-05-13T14:35:10","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/84406\/"},"modified":"2026-05-13T14:35:10","modified_gmt":"2026-05-13T14:35:10","slug":"tiskne-vetsinu-etiket-v-cesku-miliardar-sehnal-muze-za-firmu-dostat-miliardu","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/84406\/","title":{"rendered":"Tiskne v\u011bt\u0161inu etiket v\u00a0\u010cesku. Miliard\u00e1\u0159 Sehnal m\u016f\u017ee za firmu dostat miliardu"},"content":{"rendered":"<p class=\"e_bX\">Skupina SPGroup miliard\u00e1\u0159e Pavla Sehnala nab\u00edz\u00ed na prodej sv\u00e9 kol\u00ednsk\u00e9 tisk\u00e1rny\u00a0\u2013 spole\u010dnost OTK printing &amp; packaging. Shoduj\u00ed se na tom t\u0159i na sob\u011b nez\u00e1visl\u00e9 zdroje ze st\u0159edoevropsk\u00e9ho trhu f\u00faz\u00ed a\u00a0akvizic.<\/p>\n<p class=\"e_bX\">Jde o\u00a0v\u00fdd\u011ble\u010dnou firmu, jej\u00ed\u017e kl\u00ed\u010dov\u00e9 produkty jsou n\u00e1pojov\u00e9 etikety, flexibiln\u00ed obaly a\u00a0samolepic\u00ed etikety. Historie spole\u010dnosti sah\u00e1 do roku 1879, kdy vznikly Obchodn\u00ed tisk\u00e1rny Kol\u00edn, nyn\u011bj\u0161\u00ed OTK Printing &amp; Packaging.<\/p>\n<p class=\"e_bX\">Sehnal nep\u0159ijal hovory redakce Seznam Zpr\u00e1vy a\u00a0neodpov\u011bd\u011bl ani na dotaz ohledn\u011b prodeje p\u0159es aplikaci WhatsApp. Na dotazy k\u00a0prodeji zaslan\u00e9 na e-mailovou adresu uvedenou na sv\u00fdch internetov\u00fdch str\u00e1nk\u00e1ch nereagovala ani skupina SPGroup.<\/p>\n<p class=\"e_bX\">Za rozhodnut\u00edm o\u00a0prodeji stoj\u00ed \u0159ada d\u016fvod\u016f. \u201eNen\u00ed to pro n\u011b kl\u00ed\u010dov\u00e9 aktivum,\u201c uv\u00e1d\u00ed zdroj z\u00a0velk\u00e9 poradensk\u00e9 firmy, kter\u00fd si nep\u0159\u00e1l b\u00fdt jmenov\u00e1n. Podle n\u011bj se nav\u00edc spole\u010dnost finan\u010dn\u011b vyt\u00e1hla nahoru. \u201eZ\u0159ejm\u011b nastala situace, kdy si nyn\u011bj\u0161\u00ed vlastn\u00edk vyhodnotil, \u017ee jeho p\u0159idan\u00e1 hodnota je ji\u017e pln\u011b realizovan\u00e1 a\u00a0aktu\u00e1ln\u00ed v\u00fdsledky a\u00a0potenci\u00e1l spole\u010dnosti p\u0159inesou atraktivn\u00ed ocen\u011bn\u00ed,\u201c dopl\u0148uje Ji\u0159\u00ed Richtr z\u00a0Patria Corporate Finance.<\/p>\n<p class=\"e_bX\">To ale nebude jedin\u00fd faktor, kter\u00fd o\u00a0prodeji rozhodl. \u201eV p\u0159\u00edpad\u011b tak velk\u00e9 finan\u010dn\u00ed skupiny bude d\u016fvodem prodeje pravd\u011bpodobn\u011b z\u00e1m\u011br strategick\u00e9ho p\u0159eskupen\u00ed portfolia SPGroup,\u201c \u0159\u00edk\u00e1 Martin Vachata, expert na f\u00faze a\u00a0akvizice skupiny Talers. OTK podle n\u011bj ovl\u00e1d\u00e1 80\u00a0procent \u010desk\u00e9ho trhu s\u00a0n\u00e1pojov\u00fdmi etiketami, k\u00a0tomu dosahuje vysok\u00fdch mar\u017e\u00ed. \u201eProdej tak m\u016f\u017ee b\u00fdt logick\u00fdm krokem k\u00a0uvoln\u011bn\u00ed kapit\u00e1lu pro jin\u00e9 investice nebo dal\u0161\u00ed rozvoj v\u00fdznamn\u011bj\u0161\u00edch segment\u016f,\u201c dod\u00e1v\u00e1 Vachata.<\/p>\n<p>Strategi\u010dt\u00ed investo\u0159i budou hr\u00e1t prim<\/p>\n<p class=\"e_bX\">Mezi z\u00e1jemci budou podle expert\u016f zejm\u00e9na strategi\u010dt\u00ed investo\u0159i. Trh se toti\u017e podle Vachaty v\u00a0posledn\u00edch letech konsoliduje, co\u017e znamen\u00e1, \u017ee se firmy spojuj\u00ed. \u201eKonkr\u00e9tn\u011b by z\u00e1jem mohli projevit hr\u00e1\u010di jako <a data-dot=\"atm-link\" target=\"_blank\" href=\"https:\/\/www.seznamzpravy.cz\/clanek\/ekonomika-firmy-papirna-mondi-ve-steti-investuje-do-modernizace-deset-miliard-korun-275777\" class=\"e_n\" rel=\"nofollow noopener\">Mondi<\/a>, Coveris nebo CCL Industries,\u201c vyjmenov\u00e1v\u00e1 Vachata s\u00a0t\u00edm, \u017ee z\u00e1jem by mohla m\u00edt i\u00a0spole\u010dnost Smurfit Kappa, kter\u00e1 kupuje v\u00fdrobce kartonov\u00fdch obal\u016f Pokart z\u00a0Hole\u0161ova. Krom\u011b zm\u00edn\u011bn\u00fdch firem z\u00a0oboru by podle Richtra mohli pat\u0159it mezi investory rovn\u011b\u017e spole\u010dnosti Amcor a\u00a0Constantia Flexibles \u010di region\u00e1ln\u00ed hr\u00e1\u010di specializovan\u00ed na flexotisk (tisk na obaly) \u010di etikety.<\/p>\n<p><a data-dot=\"mol-article-card-media\" aria-hidden=\"true\" tabindex=\"-1\" href=\"https:\/\/www.seznamzpravy.cz\/clanek\/ekonomika-byznys-trendy-analyzy-londynska-burza-lovi-v-praze-prijela-presvedcit-allwyn-draslovku-i-rohlik-303486\" class=\"e_n f_l1\" rel=\"nofollow noopener\" target=\"_blank\"><img fetchpriority=\"high\" height=\"1874\"   width=\"3333\" src=\"https:\/\/www.europesays.com\/cz\/wp-content\/uploads\/2026\/05\/shutterstock-431878684.jpeg\" loading=\"eager\" decoding=\"sync\" class=\"e_aa e_Z\"\/><\/a><\/p>\n<p class=\"e_bX\">Krom\u011b spole\u010dnost\u00ed z\u00a0odv\u011btv\u00ed by se o\u00a0kol\u00ednskou tisk\u00e1rnu mohly podle odborn\u00edk\u016f zaj\u00edmat tak\u00e9 investi\u010dn\u00ed skupiny. \u201eMohly by to b\u00fdt nap\u0159\u00edklad Genesis Capital, Jet Investment nebo CEIP,\u201c m\u00edn\u00ed Vachata.<\/p>\n<p class=\"e_bX\">Z\u00e1jem o\u00a0kol\u00ednsk\u00e9 tisk\u00e1rny tak m\u016f\u017ee b\u00fdt podle Vachaty velk\u00fd. To by se pak p\u0159\u00edzniv\u011b prom\u00edtlo do ceny. Cel\u00fd evropsk\u00fd trh se v\u00a0tomto sektoru nav\u00edc konsoliduje. \u201eMen\u0161\u00ed a\u00a0st\u0159edn\u011b velk\u00e9 spole\u010dnosti, jako je OTK, \u010dasto p\u0159edstavuj\u00ed atraktivn\u00ed akvizi\u010dn\u00ed c\u00edle pro v\u011bt\u0161\u00ed hr\u00e1\u010de,\u201c upozor\u0148uje Richtr.<\/p>\n<p>Vysok\u00e1 cenovka d\u00edky investic\u00edm<\/p>\n<p class=\"e_bX\">V Evrop\u011b se firmy z\u00a0tohoto sektoru prod\u00e1vaj\u00ed podle Vachaty b\u011b\u017en\u011b za \u0161esti- a\u017e osmin\u00e1sobek EBITDA (zisk p\u0159ed \u00faroky, dan\u011bmi a\u00a0odpisy), u\u00a0strategicky v\u00fdznamn\u00fdch firem to m\u016f\u017ee b\u00fdt i\u00a0vy\u0161\u0161\u00ed pom\u011br. Richtr odhaduje ocen\u011bn\u00ed firem z\u00a0tohoto odv\u011btv\u00ed na sedmi- a\u017e osmin\u00e1sobek EBITDA.<\/p>\n<p class=\"e_bX\">Ve sv\u00e9 v\u00fdro\u010dn\u00ed zpr\u00e1v\u011b za rok 2024\u00a0uv\u00e1d\u00ed OTK Printing &amp; Packaging ukazatel zisku EBITDA ve v\u00fd\u0161i 92,3\u00a0milionu korun, tr\u017eby dos\u00e1hly 1,1\u00a0miliardy korun. Cena by se tak p\u0159i zm\u00edn\u011bn\u00fdch n\u00e1sobc\u00edch pohybovala mezi 554\u00a0a\u00a0t\u00e9m\u011b\u0159 740\u00a0miliony korun.<\/p>\n<p><a data-dot=\"mol-article-card-media\" aria-hidden=\"true\" tabindex=\"-1\" href=\"https:\/\/www.seznamzpravy.cz\/clanek\/ekonomika-finance-akcie-fondy-goldmani-posiluji-stopu-na-prazske-burze-301817\" class=\"e_n f_l1\" rel=\"nofollow noopener\" target=\"_blank\"><img height=\"860\"   width=\"1528\" src=\"https:\/\/www.europesays.com\/cz\/wp-content\/uploads\/2026\/03\/karo.png\" loading=\"eager\" decoding=\"sync\" class=\"e_aa e_Z\"\/><\/a><\/p>\n<p class=\"e_bX\">Vachata cenu odhaduje mezi 600\u00a0miliony a\u017e jednou miliardou korun v\u010detn\u011b dluhu. \u201eP\u0159edpokl\u00e1d\u00e1m, \u017ee investor by rovn\u011b\u017e mohl v\u00a0n\u00e1sobku pro stanoven\u00ed kupn\u00ed ceny zohlednit substan\u010dn\u00ed hodnotu a\u00a0stav nemovitost\u00ed a\u00a0strojn\u00edho vybaven\u00ed, jejich\u017e z\u016fstatkov\u00e1 \u00fa\u010detn\u00ed hodnota dosahovala ke konci roku 2024\u00a0t\u00e9m\u011b\u0159 700\u00a0milion\u016f korun,\u201c vypo\u010d\u00edt\u00e1v\u00e1 Vachata. Substan\u010dn\u00ed cena p\u0159edstavuje hodnotu majetku firmy.<\/p>\n<p class=\"e_bX\">Podobn\u00fd odhad m\u00e1 rovn\u011b\u017e Richtr: \u201eValuace podle na\u0161eho n\u00e1zoru m\u016f\u017ee dos\u00e1hnout jedn\u00e9 miliardy korun.\u201c Podle n\u011bj ocen\u011bn\u00ed firmy (v\u010detn\u011b dluhu) podpo\u0159\u00ed to, \u017ee firma \u201ev posledn\u00edch letech v\u00fdrazn\u011b investovala a\u00a0nab\u00edz\u00ed prakticky v\u0161echny kl\u00ed\u010dov\u00e9 tiskov\u00e9 technologie pod jednou st\u0159echou\u201c.<\/p>\n<p class=\"e_bX\">Skupina SPGroup spravuje majetek v\u00a0hodnot\u011b p\u0159es p\u011bt miliard korun. Pat\u0159\u00ed do n\u00ed p\u0159es sedmdes\u00e1t firem, kter\u00e9 p\u016fsob\u00ed v\u00a0poji\u0161\u0165ovnictv\u00ed, v\u00a0pr\u016fmyslu nebo nap\u0159\u00edklad v\u00a0realit\u00e1ch. K\u00a0nejv\u00fdznamn\u011bj\u0161\u00edm dce\u0159in\u00fdm spole\u010dnostem pat\u0159\u00ed v\u00fdstavi\u0161t\u011b v\u00a0Let\u0148anech PVA EXPO, aquapark a\u00a0hotel Aquapalace Praha v\u00a0\u010cestlic\u00edch nebo nap\u0159\u00edklad <a data-dot=\"atm-link\" target=\"_blank\" href=\"https:\/\/www.seznamzpravy.cz\/tag\/slavia-pojistovna-123075\" class=\"e_n\" rel=\"nofollow noopener\">poji\u0161\u0165ovna Slavia<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Skupina SPGroup miliard\u00e1\u0159e Pavla Sehnala nab\u00edz\u00ed na prodej sv\u00e9 kol\u00ednsk\u00e9 tisk\u00e1rny\u00a0\u2013 spole\u010dnost OTK printing &amp; packaging. Shoduj\u00ed se&hellip;\n","protected":false},"author":2,"featured_media":84407,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[154,67,68,26478,4141,10807,26479],"class_list":{"0":"post-84406","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-fondy-soukromeho-kapitalu","12":"tag-fuze","13":"tag-pavel-sehnal","14":"tag-spgroup"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116567770852296200","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/84406","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=84406"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/84406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/84407"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=84406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=84406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=84406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}