More than 80 managed funds and with them assets of over 43 billion crowns. The investment company Avant, which has been operating on the market since 2006, has reached the absolute top. Now he changes owners.
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The current boss and majority owner Pavel Doležal is selling a 90% stake in RN Solutions to Marek Unčovský. Along with that, there are also personnel changes. Vladimír Bezděk becomes the new Chairman of the Board of Directors.
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Neither party published how much Pavel Doležal earned on the business. According to information from SZ Business, however, it must have been hundreds of millions of crowns.
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I believe that with the new owner, the company will continue to develop and everyone will benefit from the change, not only figuratively speaking.
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“We have been on the market for 15 years, we have reached number one position. At a certain stage of development, you will come across the ceiling of your own skills and team management and need some further shift. I have been looking for a strategic partner lately who will give the company a new direction, a new impetus, new people, ideas and contacts. Someone who had experience appeared and the offer was interesting. I believe that with the new owner, the company will continue to develop and everyone will make money from the change, not only figuratively speaking, “explains Pavel Doležal, adding that he remains in a minority position in the company and keeps 10 percent, which he would like to keep. long term.
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Doležal will now work in the fund as Chairman of the Supervisory Board and will be in charge of caring for existing key clients. Both parties do not want to comment on the price. The company’s EBITDA last year reached 11 million crowns.
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Real estate and coins
Pavel Doležal took control of the company in 2018, when he acquired an 80% share from the Natland Group and thus became the sole owner. Avant specializes mainly in real estate. However, its portfolio also includes funds for coins, paintings, and equity and bond funds.
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For real estate funds, the return is 6 to 10%. We had an equity fund that was minus 25% after fluctuations affected by the covid crisis and ended up plus 20% at the end of 2020.
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“Of course, we have funds that are more affected by the pandemic and others that benefit to some extent. For real estate funds, the return is 6 to 10%. We had an equity fund that, after fluctuations affected by the covid crisis, was minus 25% and ended up plus 20% at the end of 2020, ”says Doležal.
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Bonds? Regulation is not like that
Pavel Doležal is not afraid that the reputation of the funds would be damaged by cases such as Arca Capital or the investor Michal Mička, where people lost money.
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“Risk cannot be completely avoided, but of course it can be limited. Not only by diversification, but it is also necessary to be careful with whom each investor cooperates, in what activity he puts money and must be sufficiently informed before entrusting his money to someone. Bonds experienced a huge boom 5 years ago and since then they have subscribed to many billions. However, it is important to mention that there is not as much regulation of bonds as there are funds of qualified investors. Now I will deliberately exaggerate, but when you start a limited liability company and the 18-year-old executive subscribes to billions of bonds, it is a matter of his personal decision, what he will use them for. Of course, there are some emission conditions, but the degree of regulation of the use of those sources is much lower, “adds Doležal.
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