Pale Fire Capital Acquires 24.3% Stake in Acond

Apax Partners and Fremman Capital acquire co-controlling stakes in Palex Medical

August 1, 2023

Medical Devices

Funds advised by Apax Partners LLP and funds advised by Fremman Capital agreed to acquire co-controlling stakes in Palex Medical, with Fremman remaining an investor while some of its funds and other minority shareholders sell. Palex, a Sant Cugat del Vallès (Barcelona)-headquartered MedTech distributor with ~928 employees, will partner with Apax and Fremman to accelerate pan-European growth and international expansion; the deal is expected to close in Q4 2023 and financial terms were not disclosed.

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 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.

Pale Fire Capital Acquires 22.4% Stake in Mubi.pl

February 7, 2022

Financial Services

Pale Fire Capital (PFC) has acquired a 22.4% minority stake in Mubi.pl, a Warsaw-based online insurance comparison platform operated by the Digitics Group. The growth investment will fund platform development, marketing and product expansion as Mubi aims to become the market leader in Poland and expand product offerings such as travel insurance.

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.