Jaroslav Havel takes 63% of Czech investor Cyrrus, plans rebrand

Businessman Jaroslav Havel has become the majority owner of the investment company Cyrrus. Through his One family office Capital vehicle he raised his stake to 63 percent. The new platform for funds aimed at qualified investors is to be renamed, and details of the brand are promised in the coming months.

The previous majority shareholder, businessman Jiří Loubal's Cyrrus investment group, remains in the company as a significant minority co-owner. Both sides want to develop the platform together. The change in structure follows One family office's entry into the company's capital last year and deepens the cooperation; the new setup is meant to strengthen the firm's position in the market for premium fund structures.

The Cyrrus group will keep an important role: besides its equity stake, it will share analytical expertise and help distribute the funds on financial markets, and in some cases also take part in raising money from investors.

Management wants to keep project selection fairly narrow: the portfolio should hold no more than 25–30 funds that have passed a thorough screening. Besides funds for a broad circle of qualified investors, the company intends to develop specialized investment structures.

The new name will get its own identity, not directly tied to either One family office or the Cyrrus group. The company wants to underline its independence and openness to outside fund founders and other investment initiatives. Legal and tax advice for projects will primarily be provided by the law firm Havel & Partners, but the company expects to work with other advisers as well, chosen by the fund founders themselves.

One family office is an investment and business club that manages and protects family capital. Besides the Czech Republic and Slovakia, it has direct offices in Frankfurt, Dubai and London; it focuses on globally diversified portfolios with an emphasis on returns, balance and security.

By the Around Prague newsroom