Kartesia provides growth financing to Omnetic
Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce its investment in Omnetic, part of the EAG Group. This is Kartesia’s first direct investment in a company headquartered in Czechia.
EAG Group was founded by Jakub Šulta, Pavel Svoreň, and Petr Kratochvíl in 2018 and focuses on digital services in the automotive sector. Under the commercial brands Omnetic, Carvago, and CarsData, it covers the entire lifecycle of a car from selection, financing, purchase, insurance, operation, and service to its sale and is among the European leaders in this area.
The Omnetic platform is a leading Central European provider of Dealer Management Systems (DMS), a software solution designed for the specific needs of automotive dealers. This system helps dealers manage various aspects of their business, such as vehicle sales, service, parts inventory, customer care, financing and leasing. As of today, Omnetic operates in 12 European markets and has the largest market share in its segment in the CEE region.
This growth financing was completed in partnership with CVI, a private debt investor based in Warsaw, Poland, and supporting management and Portiva, a family office based in Brno, Czech Republic. The fresh capital will support the ongoing development and expansion of the group in Western and Central Europe through organic growth and strategic acquisitions. Kartesia’s deal team consisted of Jean Diercxsens, Toon van Coillie and Giuseppe Mirante, out of the Brussels and Munich offices. The capital for this transaction is drawn from Kartesia’s Credit Opportunities strategy (KCO).
Jakub Šulta, CEO and Co-Founder of EAG noted: “We see significant space for consolidation and innovation in the automotive sector systems, from the first dealer and financing, through insurance, service, to the transition to another owner in a car dealership. These are tens of thousands of small and large companies with enormous potential for transitioning to top-notch fully digital services. We are excited to partner up with Kartesia and CVI, who will support our continuing expansion in this segment across Europe.”
Jean Diercxsens, Partner & Head of the Netherlands and Belgium at Kartesia, commented: “We are delighted to announce our partnership with the management team of Omnetic, Portiva and CVI in order to support the further growth development of the Omnetic platform. This transaction demonstrates our ability to partner with likeminded entrepreneurs and family offices and support leading companies in fast-growing industries across Europe.”
Giuseppe Mirante, Senior Advisor at Kartesia, added: “Omnetic is already a leader in Central Europe and we are looking forward to supporting their grow plans by financing acquisitions in their home region as well as into western European countries in which Kartesia can assist with its local footprint and sector networks.”