press releases | UPTOWN Private Equity

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3rd May 2011, Prague

UPTOWN announces the sale of its portfolio member, a traditional producer of the solid-state, fire-fighting sprinkler systems, the SHARK Company. SHARK was acquired in 2006 and ever since became one of the top 3 sprinkler system suppliers to the Czech market. Unfortunately, the recent recession in construction industry had a strong impact on firm's and investor's long-term strategic plan, and was decided to offer the acquisition up for sale and also terminate all investment activities in construction in general. The transaction was closed in the first quarter of 2011, and SHARK was acquired by a private business entity specializing in construction installation technology. For more information, please, contact our Partners, thank you.

1st July 2010, Prague

UPTOWN announces a new acquisition of Kartona, s.r.o., (Ltd.), a traditional Czech manufacturer of high quality packaging solutions and individual corrugated cardboard concepts. History of Kartona dates back to 1980’s, when founded, and through more than twenty years of its existence brought up by its management to its current respectable position. We will focus on further development of Kartona’s products and services according to current UPTOWN standards. For more information, please, contact our Partners, thank you.

1st September 2009, Prague

With a view of current global economy recession, UPTOWN has reassessed its planned entry into the metallurgy sector, and keeps its focus on light (mechanical) engineering and its products. UPTOWN currently manages two light engineering companies and is negotiating its third buy-out. UPTOWN is owned and operated by former employees of U.S. Embassy Prague.

15th August 2008, Prague

UPTOWN would like to announce a new acquisition of NAF, a.s., (Inc.), a traditional producer of the highest quality progressive combined and stamping tools and machineries in the automotive and electrotechnic sector. The history of the company dates back to 1939, when the plant was acquired by a Berlin based company Lorenc AG, later it became part of TESLA Vrchlabi, s.p. (state owned company) and in 1995 successfully privatized. The company is located in Vrchlabi, Czech Republic, and was acquired from its original owners in August 2008. The company will now focuse on restructuring and further development in the construction department. For more information, please, contact our Partners, thank you.

1st November 2007, Prague

Effective January 1, 2008, UPTOWN will be moved to a new address at the most prestigious office street in Prague at Na Prikope 31, Praha 1, right next to the Komercni Banka (Société Générale) building. For more information see our website contact information, thank you.

1st June 2007, Prague

UPTOWN proudly announces launch of its second Uptown Private Equity Fund targeted at €2m and with the focus on SME buy-outs in the Czech and Slovak Republic. All the transactions should be closed within approx. next 14 months. For more information about our current PE portfolio or investment opportunities, please contact our Partners, thank you.

1st January 2007, Prague

URBANECaPAVEL has grown into a Private Equity firm. Reflecting this, a new name was officially announced at our senior management meeting on December 11, 2006. Effective 01/01/2007 the company will proudly assume its new name UPTOWN, s.r.o. We anticipate that the new name will be positively received and will eventually become the definition of a quality Private Equity firm.

1st September 2006, Prague

URBANECaPAVEL would like to announce a new acquisition of SHARK Ltd., a traditional producer of the solid-state, fire-fighting Sprinkler Systems (SHZ), thus realizing its first production SME buy-out. The company was founded in 1993, and acts as one of the leading subjects on the Czech market, fully certified contractor for various complex construction and development projects in the Czech Republic, including Hornbach, Tesco, Kaufland and Macro shopping malls and most recently the Ruzyne Airport Terminal II plus many others. We strongly believe in successfull restructuring the firm and  furthergrowth in accordance with our strategic plan. For more information, please contact our Partners, thank you.

1st September 2006, Helsinki

URBANECaPAVEL would like to announce the opening of its representative office in Helsinki/Espoo, Finland. The Finnish branch is responsible for the Finnish and Baltic region market monitoring and direct representation of the company's interests in the region.

22nd December 2005, Prague

Effective January 1, 2006, URBANECaPAVEL will be moved to a new address at Narodni 11, Prague 1, right opposite the beautiful Prague National Theatre. For more information see our website contact information, thank you.