Sale of 100% share in the company NH Car holding a.s. to the Group VIGO Investments a.s.
VGD Corporate Finance was the exclusive transaction advisor to the owner of NH Car holding, a.s. in the sale of a 100% stake to VIGO investments a.s. NH Car operates a network of car showrooms in Prague and in 2020 achieved a turnover in excess of CZK 2.15 billion, making it one of the largest Prague dealers of the Volkswagen Group.
The transaction for VGD Corporate Finance was managed by the team of Václav Strýhal under leadership of Michal Černý and Jakub Strýhal.
Mr. Václav Nimč, on behalf of the seller, stated about the course of the transaction: “Thanks to professional cooperation with VGD, we were able to adhere to an ambitiously set schedule and successfully complete the transaction within the set time limits. I believe that NH Car is now in good hands and, thanks to the new investor, will have all the tools to modernise sales and prepare for the future of the automotive industry.”
Pavel Řehák, founder of VIGO Investments a.s. stated the following about NH Car: “This is one of the largest authorized dealers and services in Prague, which has been on the market for almost 30 years. The main credo of its founder, among others the successful car racer Václav Nimč, was an individual approach to each customer with regard to his needs. Thanks to this, NH Car can become a solid pillar of the car service network we are building. For a long time, we want to have our centers located throughout the Czech Republic, so that each of our more than 450,000 clients can use them. So far, we are in the first phase and we have a lot of work to do in this area.”
NH Car holding, a.s.
The holding’s main company, NH Car, s.r.o., has been operating on the market for 30 years. During that time, the company has developed into one of the largest players and at the same time the most respected sellers of both new and used cars and utility vehicles in Prague. They have 3 car showrooms in Černý Most, Strahov and Malešice. In addition to authorised service of Volkswagen, ŠKODA, Audi and Fiat cars, they also provide service for Kia cars. In the financial year 2020, the company’s revenues exceeded CZK 2.15 billion.
VIGO Investments a.s.
it covers a group of companies including Direct pojišťovna, Fidoo and, from this year, also Direct auto, and is referred to as Direct Family. The entire group has a turnover of more than 5 billion CZK and serves 450,000 customers. Direct family was created and grows on solid values in order to deliver an exceptional client experience and push the boundaries of the industry. The VIGO Investments Group is owned by a group of private investors led by Pavel Řehák.
The transaction was successfully completed in October 2021.