Pale Fire Capital Acquires 22.4% Stake in Mubi.pl

Pale Fire Capital Acquires 24.3% Stake in Acond

September 12, 2022

Manufacturing

Pale Fire Capital has invested a nearly one-quarter (24.3%) minority stake in Czech heat pump manufacturer Acond to accelerate the construction of a new production plant and expand the company across Europe. The investment will finance a significant increase in production capacity and support Acond’s growth while founders remain involved in management.

EMMA Capital Acquires FAVI from Pale Fire Capital

July 1, 2022

E-Commerce

EMMA Capital has acquired a majority stake in FAVI from Pale Fire Capital, marking Pale Fire Capital’s exit from the portfolio company. FAVI is a Europe-focused furniture and home accessories search engine/marketplace that operates across multiple countries and will join EMMA Capital’s portfolio to support further growth and synergies.

Pale Fire Capital Increases Stake in Valuo Technologies

May 2, 2022

Data & Analytics

Prague-based private equity firm Pale Fire Capital increased its stake in Valuo Technologies (valuo.cz) to 37.5%, providing additional capital to support product development, team expansion and potential international expansion. Valuo Technologies builds a data-driven real estate price estimation platform used by real estate agents, financial advisors and banks in the Czech market.

Saunia Founders Acquire Pale Fire Capital's 20% Stake

April 8, 2022

Restaurants & Hospitality

Pale Fire Capital has sold its 20% stake in sauna operator Saunia to the company’s other partners — Michal Drozd, Bohumil Píše, Jan Holeček and Radek Stavinoha. Saunia, which operates 15 sauna worlds in shopping centres across the Czech Republic and Slovakia and plans further openings, was in Pale Fire’s portfolio since 2019; Pale Fire said the investment was no longer suitable for its portfolio.

Pale Fire Capital Invests €2.3M in Slovak Restaurant Group CF Group

February 7, 2022

Restaurants & Hospitality

Pale Fire Capital invested €2.3 million in Slovak gastro operator CF Group, providing growth capital to scale its restaurant concepts and support international expansion. The transaction included the sale of Pale Fire Capital’s stake in the Banh-mi-Ba chain to CF Group, giving CF Group a majority position in that brand.

Pale Fire Capital Acquires Majority Stake in Arpem (Spanish Insurance Comparator)

February 7, 2022

Insurance

Czech investment group Pale Fire Capital has acquired an 83% majority stake in Arpem Networks S.L., the Madrid-based online insurance comparison platform Arpem. The investment positions Pale Fire Capital to expand its portfolio into the Spanish market and support Arpem's IT development, product growth and recruitment to accelerate the platform's development.