Acquisitions in Prague, Czech Republic

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.

Ciklum, a global digital engineering company, has acquired Prague-headquartered CN Group to accelerate growth across the DACH and Scandinavian markets and expand its CEE delivery footprint. The deal adds CN Group's ~360 digital technology specialists to Ciklum's more than 3,500-strong engineering organization; CN Group had previously been supported by private equity partner Genesis Capital.

The Emmes Company, a Behrman Capital portfolio company, has acquired Prague-headquartered CRO Neox S.R.O., an add-on that expands Emmes' BioPharma capabilities and Central/Eastern European presence. Financial terms were not disclosed; Neox brings over 150 employees and operations across multiple European countries, and founders Pavel and Petr Marek will remain in leadership roles.

The Carlyle Group has acquired a majority stake in Prague-based language translation software provider Memsource, with equity coming from Carlyle Europe Technology Partners IV. Memsource’s management team, including founder and CEO David Čaněk, will remain shareholders; financial terms were not disclosed. The investment is intended to accelerate Memsource’s growth across key markets including North America and Asia.