Genesis Capital completed the acquisition of a 65% stake in HoReCup.

Genesis Capital, a private equity group, completed the acquisition of a 65% stake in HoReCup, a manufacturer of hygienic paper products. Financial terms were not disclosed. "In less than twenty years since HoReCup’s establishment, the founders and management team have succeeded in building an efficient, successful and dynamic company. We are delighted to join forces with them and support HoReCup in its continued growth and development. We believe that in cooperation with the HoReCup team, we can utilize our experience to accelerate the Company's entry into new markets, continue to further improve the technological state of the art of the production and deliver even more value to its customers. This investment also perfectly aligns with our strategy of supporting Central European leaders with high growth prospects, combined with addressing succession issues and generational change. We look forward to our future together and the opportunities this partnership brings," Tatiana Balkovicová, Genesis Capital Senior Investment Director.