Genesis Capital completed the acquisition of a 70% stake in Carussel.

Genesis Capital, a private equity firm, completed the acquisition of a 70% stake in Carussel, a digital solutions and online marketing services company. Financial terms were not disclosed. “The automotive industry is going through a period of great turbulence and transformation. Digitalization is playing an increasingly important role in this transformation, and this opens up great business opportunities for Carussel. From the very first moment of the negotiations, we felt that Genesis Growth would be a great partner and could help us tremendously to capitalize on these business opportunities. Together, we can make big steps towards helping Carussel grow even faster and further strengthen its business position in the automotive industry," András Müller, Carussel CEO.