DrKC takes MBO club to Czech Republic

Dresdner Kleinwort Capital has expanded its Eastern European private equity opportunities network with the launch of an MBO/MBI club in the Czech Republic.

Dresdner Kleinwort Capital, now the private equity unit of owner Allianz, has teamed up with Eastern European executive search firm Pedersen & Partners to expand its MBO/MBI club into the Czech Republic.

The latest club is the third to be created by the firm in Central and Eastern Europe, following those established in Poland and Hungary. It aims to identify private equity opportunities for senior managers and CEOs in the region who might wish to consider future MBO/MBI possibilities. The idea is based on similar networking organisations established in the UK.

According to a spokesperson for DrKC, the Czech club will convene three times a year to discuss the key issues relating to management buyouts and buy-ins. The club will also offer advice on legal questions, taxation, valuation and pricing issues, as well discuss corporate restructuring theory and practice.

Janusz Heath, MD of DrKC’s private equity team in Central and Eastern Europe added that the club was an attempt to give people an insight into the well-established methods of buying and selling companies in Western Europe. “The aim of this club is to help entrepreneurs with the skills and knowledge they will require to be successful in the MBO/MBI process.”

Dresdner Kleinwort Capital invests in MBO/MBI opportunities in Central and Eastern Europe through its $225m Emerging Europe fund, which closed in 2001 with backing from investors that include Dresdner Bank, CalPERS, GIMV and Donator.