JSK Private & Growth Equity Fund | Where Value is Built

Overview

We invest where execution matters

JSK PGE Fund is a €100M private and growth equity fund investing in profitable, founder-led small and mid-sized companies primarily in the Czech Republic and Slovakia. We selectively consider regional adjacencies where governance standards are strong and our sourcing advantage applies. We focus on businesses at moments of transition: succession, professionalization or structured growth where value is created not through financial engineering, but through how a company is governed, managed and executed. That is the operational experience our team brings, working alongside founders to strengthen their organizations and scale the next phase of growth.

TARGET FUND SIZE

€100M

€20-40M internal capital

GEOGRAPHY

CZ & SK

Other CEE & DACH opportunistic

TYPICAL EBITDA

€2-8M

HOLDING PERIOD

5-7 yrs

TARGET IRR

25 % p.a.

STRATEGY

Majority-control private & growth equity in SMEs

Why JSK PGE Fund exists

Across Central Europe, profitable SMEs form the backbone of the economy, yet many face a structural capital and governance gap. We partner with founders to support succession and professional scale-up across the region.

Structural gap

Western institutional capital participation remains limited. Banks are constrained by regulation and collateral frameworks. Large global private equity funds focus on larger, standardized transactions.

Transition moments

Founders increasingly face succession decisions, scale limitations or the need to professionalize their organizations. Capital alone does not solve these transitions.

We believe long-term value in this segment is not created through financial engineering alone. It is built through structured ownership, governance clarity and disciplined execution. JSK Private & Growth Equity Fund exists to address this gap.

Investment strategy & focus areas

We invest in profitable, established SMEs where ownership transition or enhanced governance unlocks value.

E-commerce ecosystem

Scalable e-commerce businesses and supporting infrastructure, including fulfillment, logistics, reverse logistics and specialized manufacturing. We focus on profitable companies where operational improvements, governance discipline, and platform-driven growth can unlock efficiency and scale.

Healthcare and care services

Service-oriented healthcare providers and care platforms, including general practices, women’s healthcare, elder care and specialized healthcare manufacturing. We focus on scalable organizations where governance, operational professionalization and consolidation can support sustainable growth.

Value Creation

Value is built through operational excellence and scale-up, not financial engineering.

Our approach is structured, repeatable, and governance-led. We do not seek value through financial structuring alone. We build it through how companies are run. Through disciplined scale-up, we help transform strong SMEs into large, resilient businesses. We do not rely on momentum. We rely on scale-up expertise and strong execution.

Governance & Reporting

Board-level clarity, KPI-driven discipline. Transparent decision frameworks from day one.

Leadership & Incentives

Operational Efficiency

Strategic Growth

Governance
& Reporting

Board-level clarity, KPI-driven discipline. Transparent decision frameworks from day one.

Leadership
& Incentives

Strengthen and back up management. Align teams. Create accountability structures that outlast us.

Operational
Efficiency

Scaleup expertise, process improvement. Cost discipline. Working capital management. Margin expansion.

Strategic
Growth

Geographic expansion. Buy-and-build where it makes sense. Capital allocated selectively.

Portfolio

Each investment reflects our strategy: profitable businesses where governance clarity and operational strengthening create durable value.

Target portfolio size

3/ 7

HealthcareActive

Integrated healthcare built for long-term resilience

EVALON is a network of specialized medical clinics delivering comprehensive women's healthcare in the Czech Republic. PGE partners with EVALON to strengthen organizational structure, governance frameworks, and growth planning-enabling the transition from founder-led expansion to professionally governed healthcare infrastructure.

evalon.cz

E-CommerceActive

Circular commerce built on operational precision

iPRICE Recare is a eco-friendly Central European leader in refurbished consumer electronics and reverse logistics. It also operates its own private label business, Bestberg. Value is created through logistics discipline, quality control systems, inventory management, and structured supplier relationships across multiple markets. PGE's majority investment supports professionalization and scaling-strengthening governance, reporting, and cross-border execution capabilities.

iprice.cz

bestberg.cz

Primaria

HealthcareActive

A Premium Primary Care Project

Primaria represents a modern project focused on delivering high-quality, premium primary healthcare. Our goal is to provide patients with an individual, comprehensive, and sustainable approach to health. A key pillar of the Primaria project is a strong emphasis on prevention.

JSK Private & Growth Equity Fund Team

Investment Team

Simona Kijonková

Founder, Managing Partner & Chief Investment Officer

Jakub Čížek

Senior Investment Director

Petr Duda

Investment Associate

Klára Vítková

Investment Associate

Jan Šereda

Investment Associate

Advisory Board

Pavel Hroboň

Member of Advisory Board

Andrea Ferancová Bartoňová

Member of Advisory Board

Václav Novotný

Member of Advisory Board

Diana Šťastná

Member of Advisory Board

Radovan Nesrsta

Member of Advisory Board

Functional Expert Team

Jan Zázvorka

Finance & Transformation

Olga Leharová

HR & Investor Relations

Roman Lalik

IT & Systems Integration

Jaroslava Blažková

Marketing & ESG