B enson Oak Capital, a Czech-based investment house, announced it had acquired a 100% stake in BTV Plast. Benson Oak plans to restructure and recapitalize BTV Plast, which has suffered heavily from an unknown level of debt.
BTV Plast will be merged with Plastov MR AS, a Liberec-based company, and Plastkov Automotive AS, a Hlinsko firm. The exact details and cost of the transaction have not been revealed.
BTV Plast (www.btvplast.cz)
BTV Plast is a Czech-based producer of plastic parts for automobiles located in Jabloec nad Nisou. The company’s clients include Skoda, Volkswagen and Toyota. After its merger with Benson Oak’s two other injection mold companies, the turnover is estimated to be EUR 72 million with an approximate employee count of 1,600.
Benson Oak Capital (www.bensonoak.com)
Benson Oak is a Prague-based investment banking firm established in 1991. The company specializes in assisting clients with equity capital and executing mergers and acquisitions. Benson Oak advises in risk management, project financing and privatization. The firm works in the Czech and Slovak regions with both multinationals and small-to-medium companies.
Its private equity arm, Benson Oak Capital, provides equity financing for buyouts, expansion capital, and special opportunities in the Czech Republic and Slovakia. Benson Oak Capital has made investments since 2001.
