Perpetual holding
We will acquire your company and carry on your legacy.
Smokestack acquires successful European businesses, with a primary focus on Central and Eastern Europe, and owns them for the long term — with no investment horizon and no plans to sell.
Arrange a meetingWith a group of private investors, we bring integrity and a proven approach to the European market, with a primary focus on Central and Eastern Europe, addressing succession and preserving the legacy of businesses and their founders.
We will carry on the founder’s vision and give your company the space for long-term growth and sustainable development, without disruptive changes.
We have no investment horizon. We do not buy your company to sell it in five years — we buy it to own and develop it permanently.
We finance the transaction exclusively from our own funds. This allows us to offer a simple agreement and a fast process, without relying on bank financing.
A personal approach and a long-term perspective
We take an active, on-site approach to our companies, with a perspective measured in decades.
Transparent capital and integrity
Private investors with a clear source of wealth. We finance transactions exclusively from our own funds.
Permanent ownership
No pressure to exit. We reinvest profits in the development of our companies.
“We bring years of experience from our founder and successful investors in managing and developing businesses across industries.”
What we look for
Stable, growing and profitable businesses with operating earnings (EBITDA) of > EUR 750k.
Size
- — Revenue > EUR 4M
- — EBITDA > EUR 750k
- — EBITDA margin > 10%
Industry
- — Non-cyclical industry
- — Stable customer base
- — Unique product or service
Our approach
- — Preserving the founder’s vision
- — Financed exclusively from our own funds
- — A simple agreement and a fast process
| Private Equity | Smokestack | Strategic buyer | |
|---|---|---|---|
| Buyer’s objectives | Another portfolio company and an exit in a few years | Long-term ownership and full attention to developing your company | Integration into a larger company’s strategy |
| Founder’s vision | Not taken into account | Preserved | Adapted to the buyer’s vision |
| Seller’s future | At the buyer’s discretion | Flexible, according to your wishes | At the buyer’s discretion |
| Added value | Cost reductions and increased leverage | Sustainable growth focused on development | Department integration and cost savings |
| Sources of financing | Pension funds, banks, insurance companies | Exclusively our own funds | Buyer’s own funds |
| Sale terms | Standard | A simple agreement, a fast process and flexibility to meet your needs | Limited flexibility |
| Time horizon | 3–5 years | Unlimited | Unknown |
Martin has more than 15 years of experience in acquisitions, company management, corporate transactions, restructuring and operational management for private, professional investors.
He has experience in manufacturing and distribution businesses, primarily in energy, engineering, IT, pharmaceuticals and online businesses, with revenues ranging from tens of millions to several hundred million euros, mainly in Germany, Poland, the Czech Republic and Slovakia.
He led or participated in the restructuring of Schnell Motoren AG, Technistone, eD System and Peníze.cz. From 2016, he served on the board of the Tedom group, responsible for finance, acquisitions and strategic development; he contributed significantly to more than doubling its size and its successful sale in 2020. From 2021, he ran his own Search Fund, followed by the successful 2024 acquisition of Monipol Biotech, a Clinical Research Organization operating in Germany and Poland, where he remains a co-owner. He graduated from the Faculty of Finance and Accounting at the Prague University of Economics and Business.
FAQ
Ask us anything — we are fully transparent.
What is a perpetual holding company?
A holding company that acquires businesses with the intention of owning them permanently. Unlike investment funds, we have no obligation to sell businesses after a few years and can reinvest profits where they make the most sense.
What will you do with my company if I sell it to you?
We will carry on your good work and take an active role in management so that your company continues to grow steadily and build on your legacy.
Do I have to stay with the company for another two years after the sale?
No. We can flexibly tailor the entire transaction to your preferences and needs.
Do you plan to sell the company in five years?
No. We buy with the intention of owning the company for decades, just as you have.
Who is behind Smokestack?
Our founder and a group of private investors — entrepreneurs who have built their own businesses, experienced managers, family businesses and long-term investors with a transparent source of capital.
How do you finance the transaction and manage the sale process?
We finance the transaction exclusively from our own funds, without relying on bank financing. This allows us to offer a simple agreement and a fast process. We tailor the specific terms and timing to your needs.