Kinstellar advises Genesis Growth Equity Fund I on acquisition of majority stake in LLP Group

Kinstellar has successfully advised Genesis Growth Equity Fund I (GGEF I) on acquiring a majority stake in LLP Group, a prominent business software consultancy specializing in financial and enterprise asset management solutions. 

LLP Group, established in 1992 in the Czech Republic, has built a strong reputation over more than three decades. The company resells and implements Infor SunSystems financial management software, HxGN EAM (an enterprise asset management suite), and systems@work’s professional services automation and expense management software. With a team of over 100 professionals, LLP Group operates across eight offices in Europe and North America, serving multinational clients in more than 90 countries. 

The acquisition aligns with GGEF I’s strategy to invest in small and medium-sized enterprises with significant growth potential in Central and Eastern Europe. This transaction marks the eleventh investment by GGEF I, underscoring its commitment to supporting companies poised for expansion. 

As part of the deal, LLP Group’s founder and majority owner, Adam Bager, will retire to pursue other interests. The remaining three shareholders will retain a minority stake and continue to actively manage the company, with Tim Smulders stepping into the role of Chief Executive Officer. 

Kinstellar provided comprehensive legal counsel to Genesis Growth throughout the acquisition process, ensuring a smooth transaction. The advisory team was led by Kinstellar’s experts, supported by Brouxel & Rabia, with Grant Thornton serving as financial and tax advisor. 

This strategic investment aims to accelerate LLP Group’s growth and expand its offerings globally, leveraging its established expertise and market presence.