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Investments

With whom we are connected through success

H&P

HAVEL & PARTNERS

8 January 2024 · 4 min read

Part of HAVEL & PARTNERS’ corporate philosophy is to co-invest with clients and to continue to support their projects when the opportunity arises. Through a company set up to manage our private capital earned over years of legal practice, the partners of our law firm and ONE FAMILY OFFICE invest in a range of projects and funds in a variety of promising areas, including agriculture and succession. In the past, we also invested in several private equity and venture capital funds, thanks to which we are indirectly involved in supporting the growth and development of more than a hundred companies, including startups, in the Czech Republic, Slovakia and abroad.

ADAX – podfond firemního nástupnictví SICAV a.s.

ADAX fund — illustration for the corporate succession sub-fund

ADAX is a Czech private equity fund that combines the expertise of members of the Regional Chamber of Commerce and the HAVEL & PARTNERS group with the investment and management experience of the fund’s management. Thanks to the strong shareholder position, the fund has unique access to private placements, a rich network of contacts, and the best professionals in the market.

For the past financial year (1 April 2023–31 March 2024), the ADAX Corporate Succession Fund achieved a gain of 15.45% for Class A (from CZK 1 million). For Class C, which was first issued on 1 January 2024, it returned 22.41% (this class is intended for investors from CZK 10 million). The fund builds a sector-diversified portfolio of Czech and Slovak companies, providing them not only with investments and know-how, but also with global business opportunities.

The strategy of ADAX Fond firemního nástupnictví is to identify, acquire and develop small and medium-sized profitable enterprises facing the challenge of succession. The fund focuses on buying companies from existing owners who reinvest up to 25% of the purchase price in the fund and continue to participate in the running of the company.

ADAX is actively involved in the modernisation and expansion of investee companies to ensure their long-term prosperity and competitiveness. The strategy also includes addressing specific challenges such as optimising the structure, developing new business channels, or innovating products and services.

Verdi Apex podfond | Verdi SICAV a.s.

Verdi Apex Fund invests in leading international hedge funds, offering unique access to the world of alternative investments. Actively managed hedge funds use more advanced trading strategies and typically achieve above-average returns even when capital markets are underperforming.

Verdi Apex Fund’s strategy is appropriately blended to take advantage of the high performance of certain types of hedge funds while dampening their volatility by investing in credit funds. The selected funds have a minimal correlation with each other, but especially a practically zero to negative correlation with the stock markets. The Apex fund was launched in March 2024 and targets a return of 12% p. a.

Verdi podfond farem | Verdi SICAV a.s.

Verdi Agro Fund is the first fund in the Czech market allowing qualified investors to invest in farms and agricultural primary production. Agriculture is a stable sector that does not correlate with the economic cycle and thrives even in times of crisis and high inflation. The uniqueness of the fund lies in the fact that it does not invest only in agricultural land, but mainly in farms in the Czech Republic with the aim of their modernisation and further development.

In its second year of operation, the Verdi farm fund has delivered a return of over 13% and has thus yielded over 15% p. a. to its clients since inception. We believe that agriculture is becoming trendy again, not only because of the greater emphasis on local agricultural production, but also because of the impact of Covid, the war in Ukraine, and the disruption of supply chains. Succession solutions are also a key need in this segment today.

ILAVSKA VUILLERMOZ SCA SICAV RAIF

ILAVSKA VUILLERMOZ SCA SICAV RAIF is an alternative investment firm located in Luxembourg and now also in the Czech Republic, focusing on venture capital investments in FinTech and ClimateTech startups. So far, the investment firm has achieved a 25% net profit margin for its investors.

Established in 2019, IVC’s current portfolio to date includes 20 companies with four unicorns and two successful exits. They invest and work with strong management teams from across Western Europe.

Illustration: an investor and the growth of an investment portfolio

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