Genesis Capital completed the acquisition of a majority stake in AV Media.

Genesis Capital, an investment management firm, completed the acquisition of a majority stake in AV Media, an audiovisual technology company. Financial terms were not disclosed. “In Genesis Capital, we have found a strong partner who shares our vision and is able to provide the capital to support our ambitious future plans. The Group's 30-year history is related to a continuous growth and we have made several successful acquisitions. With a professional support of Genesis Capital, we believe in strengthening our activities throughout the Central European region. At the same time, I am pleased that continuity in the management team will be maintained and the involvement of key managers will be supported by their equity participation. I am convinced that we will seamlessly build on our efforts and results to date," David Lesch, AV Media Co-Founder and CEO.