Investment group Rockaway Capital sells its one-fifth stake in Heureka Group and Fast ČR to PPF and EC Investments, while Rockaway takes the opportunity to acquire a majority stake in the Vivantis e-shop from PPF. The values of the transactions were not disclosed.

Heureka Group is the owner of Heureka.cz, a popular online price comparison engine. It has established itself in nine markets in Central and Eastern Europe and has proven resilient in the face of the general downturn in the e-commerce sector. Despite the slowdown in the market, Heureka.cz achieved revenues of EUR 77.4 million last year and reported an EBITDA operating profit of EUR 28.8 million. The platform attracts a significant user base, with more than 23 million monthly visitors and provides product comparisons across 55,000 e-shops.

Based on the latest financial statements, Fast Group achieved sales of EUR 514 million in 2021 and had an operating EBITDA of over CZK 820 million. The company operates primarily in the Czech Republic, Slovakia, Hungary and Poland. Rockaway holds a 20% stake in Fast Group, while PPF and EC Investments each hold 40%.

In 2015, the Vivantis online shop, which was led by Michal Špak, was included in the portfolio of Rockaway, PPF and EC Investments. It includes several e-shops, such as Vivantis.cz, Parfemy.cz, Hodinky.cz and Prozdravi.cz. Although Vivantis was one of the e-shops associated with the Mall Group structure, it was not part of the sale to Allegro in 2021. Under common shareholder ownership, it has performed well, with the e-shop group's sales increasing year-on-year to a turnover of CZK 1.6bn in 2022. Following the share buyout from PPF (40%), investment group Rockaway will own 60% of the company and EC Investments the remaining 40%.