Saunia Founders Acquire Pale Fire Capital's 20% Stake
April 8, 2022
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.
- Buyers
- Michal Drozd, Bohumil Píše, Jan Holeček, Radek Stavinoha
- Targets
- Saunia
- Sellers
- Pale Fire Capital Group
- Industry
- Restaurants & Hospitality
- Location
- Prague, Czech Republic
- Transaction Type
- Divestiture
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