Ronson Plastics

Ronson Plastics

In March 2014 Milestone has concluded another add-on acquisition project in automotive industry through purchase of 100% share in Slovakian plastic parts producer Ronson Plastics from previous holder – the French Groupe NORWIND SA / Plastiques de Haute Normandie. Acquisition of Ronson extended the product portfolio of foam parts, EPP parts and sun visors for thermoplastic injection. Thanks to integrated production of plastic parts Gumotex was able to supply its customers with higher value added products especially in the sun visors production area. The transaction was in accordance with the middle term goal of the investor to transform Gumotex onto a position of one of most significant domestic producers of cars interior parts. Upon achieving the key investment goals Milestone concluded a very successful exit from the industrial conglomerate in the end of 2014.
www.ronsonplastics.com

 

Tanex PLASTY

Tanex PLASTY

In August 2008 management team of Milestone participated on successful closing of acquisition of Tanex PLASTY. The investment was accomplished as add-on type to current portfolio holdings in automotive industry. Acquisition of Tanex PLASTY significantly strengthened the position of Milestone in the field of polyurethane foam parts supplies (PUR) like filling materials for head rests or seats, integral foam parts (iPUR) like gear level handles and expanded polypropylene parts (EPP) like for example tool storage boxes. The manufacturers in objective business lines integrated by Milestone group of companies have therefore become significant market players in Central European scale which enabled higher and more effective performance of invested funds. Upon achieving the key investment goals Milestone concluded a very successful exit from the industrial conglomerate in the end of 2014.
www.tanexplasty.cz

 

GUMOTEX

GUMOTEX

In December 2006, Milestone entered, within an investment consortium together with the companies Expandia and Genesis Private Equity Fund, the company Gumotex, the significant domestic manufacturer of rubber products and technical foams. The product portfolio of Gumotex includes, for example, a number of parts for the automotive industry, furniture program (bed mattresses), special applications for rescue systems and inflatable products for sport and recreation. The investment consortium purchased the shares from the original owners, who privatised the company at the beginning of the 1990s in order to further strengthen the company’s position on domestic, but especially foreign, markets. Since the investment the company´s product portfolio was fundamentally transformed, the non-core assets were delimited and prospective business lines were strengthened by additional acquisitions. Gumotex became a prospering company with outstanding performance. Upon achieving the key investment goals Milestone concluded a very successful exit from the industrial conglomerate in the end of 2014.
www.gumotex.cz

 

Rezidence Paví Vrch

Rezidence Paví Vrch

In the beginning of 2008, CFQI, the closed real-estate fund managed by Milestone, acquired two neighbouring houses, originally apartment blocks, in Radlická street, Prague 5, for the purpose of realization of a development project. The original objects were demolished and new ten floor poly-functional object named "Rezidence Smíchov" with major areas intended for housing purposes and minor areas for administrative and commercial purposes was completed. Upon final certification in 2013 the administrative, commercial and residential units were successfully sold to future occupants.
www.rezidencesmichov.cz

 

Noris Czech Republic

Noris Czech Republic

In the end of March 2011 Milestone successfully concluded a transaction of selling 75% of the equity share of Noris Czech Republic. Noris are a distributer of the wide variety of the ice-cream and frozen food products. Noris have exclusivity for the Nestle ice cream distribution in the Czech and Slovak Republic. As one of the few, the company operates through the regional logistic centers with nationwide coverage. Milestone succeeded to fulfill the main targets as a financial investor such as the product portfolio extension, the costs optimalization and the increase in sales. New strategic investor intends to contribute to the further company growths and fully use their market potential.
www.noriscz.com

 

DAP - PROVMEX

DAP - PROVMEX

At the beginning of the year 2008, Milestone completed an acquisition of limited company DAP – PROVMEX providing complex ventilation and air-conditioning services. Subsequently, the production capacity was increased through further investment into production plant. There was carried out the financial management and other corporate processes reorganization within the company in the transition from family business model to the standard governed institution. Other planned investments into the R&D facilities and diversification of product portfolio were reduced and Milestone decided terminate its participation in the company due to expected medium-term economic decline going against growth investment strategy at the beginning of the year 2011.

 

VLTAVA.CZ

VLTAVA.CZ

In June 2010 Milestone sold company Vltava.cz, a.s. running internet shopping gallery Vltava.cz to a strategic investor presented by holding Obchodní dům which includes internet shops like Kasa.cz and Obchodní-dům.cz.
Vltava came through the uneasy period of deep restructuring and implementing the new business model. Vltava is now helthy and stabilized company. Finding the convenient strategic investor was succesfull completion of the revitalization process of this famous brand with a long tradition. By this transaction Milestone fulfilled itś role of the financial investor and new strategic partner should now keep on the further growth of the company.
www.vltava.cz

 

ENDY'S

ENDY'S

Within his own projects, Milestone has in May 2005 developed and then invested into project of constructing a new concept of Fast food restaurants as a reaction to the change of life style connected with the trend of healthy eating. The concept of Endy´s Restaurants has successfully confirmed, within the operation of the fist restaurant units, that it has a possibility to grow thanks to dynamically growing sales and average number of daily customers. However, the growing of the sales does not continued as was expected and the project no longer fit the parameters stated in the beginning. On account of these facts, the project was in 2007 aborted.

 

Another finished projects mentioned below were realized as investments of the Expandia Int. however the current manager team of Milestone has significantly partaken on the successful realization of these projects.

 

 

Expandia Bank

Expandia Bank

Expandia and its management team developed the first direct banking concept in Central and Eastern Europe. Expandia Banka was established in 1997 and started its service offer to clients a year later. Expandia Banka was the only bank offering all its services via the internet and mobile phones. Since its establishment it has received a number of prestigious awards and the quality of its products is permanently praised by both professionals and the general public. Independent awards confirm the added value of this successful Expandia Group project, which started as a green field and culminated with the entry of a strategic partner 3 years later. In 2000, Expandia sold the bank to Ceská pojistovna, which in 2001 introduced the new eBanka name and after further development finally sold in 2006 to Raiffeisen Group.
www.ebanka.cz

 

TON

TON

Ton is the biggest Czech bentwood (especially chairs and tables) furniture producer, with an average turnover of approximately USD 40 million. Expandia acquired the control package of shares in 1997 and started the revitalization process immediately. The activity of the Expandia Group management team resulted in debt reduction, increase in the company’s productivity and the creation of a stable and diversified client portfolio. The management team was also looking for a suitable strategic partner that would have developed the company’s business strategy after finishing the revitalization process. In 1998, Ton was successfully sold to the Czech Republic’s biggest kitchen producer, Koryna.
www.ton.cz

 

Vigona

Vigona

Expandia invested in the textile company Vigona, based in Svitavy (Eastern Bohemia), a producer of traditional non-woven textiles used in various industries. Immediately after acquiring the majority stake in the company in 1996, Expandia started a restructuring process aimed at concentrating production, reducing costs and debt and increasing profitability. The Expandia management team assisted Vigona in defining its narrowly-focused strategy and supported new technology investment. After finishing the restructuring, new production areas were also funded as a reaction to growing demand from the automotive industry. All the activities resulted in the interest of the strategic investor, i.e. the Danish producer of non-woven textiles, Fibertex A/S, to which the company was successfully sold in 2004.
www.fibertex.com

 

Jitona

Jitona

Expandia invested in the furniture company Jitona, a traditional producer of solid wood and veneer home furniture. Expandia acquired shares in the company in 1996 and started to implement its revitalization programme immediately. Its team reduced the number of production units, minimized costs, and generated positive cash flow, which enabled it to reduce debts and provide a sufficient amount of working capital. This resulted in an overall increase in the company’s profitability. The new management team of Jitona developed a middle-term strategy and built a modern customer-oriented corporation, which reached European standards. Jitona now ranks among the most sought-after furniture producers in the Czech Republic and its largest customer is IKEA International.
www.jitona.cz

 

Vlnap

Vlnap

In 1997, Expandia acquired a majority stake in the textile company Vlnap, situated in Nejdek (Western Bohemia). The Expandia management team entered the company during a period of critical liquidity shortage when its production had slowed and sales and incomes were unable to cover the company’s costs. First, the Expandia management restructured the company’s credits and reduced a high amount of its receivables, which created the appropriate capital level for production maintenance. Then it was necessary to minimize costs considerably, stop loss-making production and to help the company generate positive cash flow. The restructuring process was finished in 2000, when the financially stabilized, well-operating and operationally profitable company with increasing sales was sold to Wagenfelder, a strategic partner from Germany.
www.vlnap.cz

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