J&T Moves From Adviser to Investor in Ibertax

J&T Group, one of the leading private equity firms in the Czech and Slovak Republics, has entered the highway toll business with an investment in Ibertax. J&T acquired a 10% stake in the electronic tolling services firm after acting as an advisor to help Ibertax parent, SkyToll, line up financing for their Slovakian project. J&T’s investment will get Ibertax off the ground while it waits on promised bank loans from Postova Banka, Raiffeisenlandesbank, and Tatra Banka.

Ibertax
Ibertax is a Slovakian producer of electronic highway tolling equipment who, along with French company Sanef, is part of the SkyToll consortium which recently won a USD 1.6 billion contract for 2,400 km of Slovakian roadways.

SkyToll was disqualified from bidding earlier in the year when financial adviser J&T Group was accused of improper business practices. After a successful appeal the firm was allowed back in to eventually win the bid. Ibertax and Sanef are expected to get the project started early next year.

J&T Finance Groups (www.jtfg.com)
J&T Finance Groups is an investment group operating in the Czech Republic and Slovakia. They are one of the main players in the investment industry throughout Central and Eastern Europe.

J&T Finance Groups mainly invests in companies active in the energy, engineering and meat industry market. On a case-by-case basis, J&T Finance also considers investments in other markets.