J&T ARCH INVESTMENTS, a fund for qualified investors, is building upon its previous cooperation with Dušan Palcr and the agricultural group J&T Zemědělství a Ekologie (JTZE, translating as “J&T Agriculture and Ecology”) under his leadership and is becoming its 45% shareholder. Completion of the transaction is subject to approval of the Office for the Protection of Competition.
The investment concludes a declared interest in deepening cooperation with the second-largest agricultural group in the Czech Republic. Last year, the Fund already had provided EUR 41 million in mezzanine financing for the acquisition of 10 agricultural companies in the Czech and Slovak republics.
Signing the transaction agreement between the Fund and J&T AGRICULTURE SICAV a.s. is the first step in the acquisition process, which is planned to be finalized during the second quarter of this year.
“We perceive agriculture to be an attractive sector with stable long-term demand. That is why I am very pleased that, after having provided the financing, we have successfully completed the previously announced plan to make a direct equity investment,” says Adam Tomis, member of the Investment Committee of J&T ARCH.
ABOUT JTZE:
The JTZE farms group was established in 2020 under the leadership of long-time J&T partner Dušan Palcr and currently owns 13 agricultural enterprises in the Czech Republic and Slovakia. The cultivated land area extends to 39,000 hectares, making JTZE the second-largest agricultural group in the Czech Republic.