Private Equity Firm Software

Pale Fire Capital

Prague, Czechia

Private equity investment group supporting technological innovation across multiple industries. Forms partnerships with founders and provides investment and strategic support to help companies grow, scale, and expand into foreign markets.

Focus Areas
Technology investment, Growth/venture-style investing, Private equity

Tracked deals

7

7 tracked deals across 2022-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Growth capital

4 growth capital · 1 addon · 1 buyout

Pale Fire Capital Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Pale Fire Capital. 5 2022 1 2024 1 2025

Supporting Data

Recent Transactions

  • Founders Buy Back teamIT from Pale Fire Capital
    October 14, 2025
    Buyer
    Jan Birás, Michal Tomek, Petr Kropáček
    Target
    teamIT
    Seller
    Pale Fire Capital
    Industry
    Staffing & HR
    Location
    Czech Republic
    Type
    Divestiture

    Pale Fire Capital has sold its stake in Czech IT recruitment agency teamIT back to the company's original founders and co-owners — Jan Birás, Michal Tomek, and Petr Kropáček. After six years of partnership, the founders will take full control of teamIT as the firm continues its growth in IT staffing across banking, insurance and other enterprise clients.

  • Itrinity Acquires GeoTargetly
    January 11, 2024
    Buyer
    Itrinity, Pale Fire Capital
    Target
    GeoTargetly (geotargetly.com)
    Seller
    Previous proprietor (unnamed)
    Industry
    Cloud & SaaS
    Location
    Czech Republic
    Type
    Addon

    Itrinity, a European SaaS portfolio operator backed by Pale Fire Capital, has acquired GeoTargetly (geotargetly.com). The acquisition closed on December 8, 2023 and brings the geotargeting SaaS into Itrinity’s portfolio to support product and capability expansion across its suite of SaaS businesses.

  • Pale Fire Capital Acquires 24.3% Stake in Acond
    September 12, 2022
    Buyer
    Pale Fire Capital
    Target
    Acond
    Industry
    Manufacturing
    Location
    Czech Republic
    Type
    Growth capital

    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.

  • Pale Fire Capital Increases Stake in Valuo Technologies
    May 2, 2022
    Buyer
    Pale Fire Capital
    Target
    Valuo Technologies (valuo.cz)
    Industry
    Data & Analytics
    Location
    Czech Republic
    Type
    Growth capital

    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.

  • Pale Fire Capital Acquires Majority Stake in Arpem (Spanish Insurance Comparator)
    February 7, 2022
    Buyer
    Pale Fire Capital
    Target
    Arpem Networks S.L. (Arpem)
    Seller
    Javier Moltó Llarena
    Industry
    Insurance
    Location
    Community of Madrid, Spain
    Type
    Buyout

    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 Invests €2.3M in Slovak Restaurant Group CF Group
    February 7, 2022
    Buyer
    Pale Fire Capital
    Target
    CF Group j.s.a.
    Seller
    Pale Fire Capital
    Industry
    Restaurants & Hospitality
    Location
    Slovakia
    Type
    Growth capital

    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 22.4% Stake in Mubi.pl
    February 7, 2022
    Buyer
    Pale Fire Capital (PFC)
    Target
    Mubi.pl
    Industry
    Financial Services
    Location
    Masovian Voivodeship, Poland
    Type
    Growth capital

    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.

Related Acquisition Pages

Cloud & SaaS Buyers & Acquisitions 1 tracked deal by Pale Fire Capital. Data & Analytics Buyers & Acquisitions 1 tracked deal by Pale Fire Capital. Financial Services Buyers & Acquisitions 1 tracked deal by Pale Fire Capital. Insurance Buyers & Acquisitions 1 tracked deal by Pale Fire Capital.

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