Terno: Increasingly modern retail
Sandberg is transforming a traditional Slovak retail chain into a modern retail player able to compete with foreign-based competition.
Good management makes our position stronger year after year.
Read moreSandberg Capital is strengthening its position in the Czech Republic. Sandberg owns 73 % of IT holding Solitea, it has also invested in the startup Daktela, the cloud firm Revolgy and in Titans Freelancers, the number two in IT outsourcing. Currently, Sandberg is consolidating the Czech and Slovak webhosting market under the brand Webglobe.
One of the leading market players will be present in three European countries. There are plans for other acquisitions on the Czech and Serbian markets. Webglobe owns 16 brands that are currently being merged under one brand. A strong web hosting player in Central and Eastern Europe is being formed. Company will focus on small businesses and entrepreneurs and offer them additional services that can help them grow successfully in the digital world.
Brno, January 17, 2022 – The international IT holding Solitea has kicked off the new year with a major international deal. The company has sold one of its portfolio companies – Austrian ERP solution provider JET ERP. The buyer is one of the most important global providers of enterprise software, Apteanof the US. According to Solitea, the exit was extremely profitable – the investment is said to have appreciated several times over.
Sandberg Investment Fund II was oversubscribed and closed at its hard cap of EUR 130 million. Capital commitments secured from institutional investors and high-net-worth individuals. The investments are intended for the development of small and medium-sized enterprises in the Central and Eastern European region (“CEE”).
Slovak leader in IT specialists outsourcing, Titans Freelancers, confirmed the purchase of 75% share in the Czech company Bridgewater. Jakub Konečný, the CEO and Founder, will keep the remaining shares and will continue to manage the business in Czechia.
The business leaders can offer valuable real life experience through the internships, lectures or discussions.