Jet Investment, one of the largest Czech asset managers specializing in private equity, venture capital, and real estate funds, has finalized the sale of its stake in the Polish energy-sector company Rockfin. The new owner is a consortium led by Capmont Group and its partners, including the RIO ASI investment fund owned by Rafał Brzoska. The Rockfin investment proved to be the most profitable project in the portfolio of funds managed by Jet Investment, and the sale agreement was one of the most significant transactions executed by the Czech fund over the past year.
Jet Investment acquired 100% of the company through the Jet 2 fund in 2022. In less than four years since the acquisition, Rockfin’s revenues nearly tripled, reaching €235 million. Alongside the rapid expansion of its operations, the company significantly strengthened its international presence and broadened its client portfolio.
“When we invested in Rockfin, we set ourselves a clear objective: to build a global player in support systems for the energy sector,” said Jiří Kroc, Project Director at Jet Investment. “Not only did we achieve this goal, but in many aspects we exceeded it. We took over the company at an exceptionally challenging moment, shortly after the Russian invasion of Ukraine began. Despite the demanding circumstances, we successfully guided the company through that period and launched a systematic transformation of its operations.”
The measures implemented after the acquisition resulted in a substantial increase in the order backlog and the development of key areas of the company’s expertise. Over the past year, Rockfin launched its own hydrogen technologies and is currently building several large hydrogen refueling stations in Poland. In this segment, the company operates as a comprehensive solutions provider under the OEM model.
Another important element of the company’s development was the creation of a dedicated “Defence” division focused on hydraulic systems for the defense industry. This segment has been significantly strengthened both in terms of human resources and production infrastructure.
Today, Rockfin is recognized as one of the global leaders in the energy sector and a leading Tier 1 supplier of critical systems for the industry. The company employs more than 1,400 people and operates production facilities and offices in Poland, the United States, Italy, and Switzerland. Under Jet Investment’s leadership, Rockfin expanded its international footprint through partnerships in markets such as Turkey, China, and South Korea, while also successfully strengthening its position in Saudi Arabia. As a result, the company has become one of the global leaders in its segment and a key supplier of energy infrastructure worldwide.
“Following the sale of the energy engineering group TEDOM by Jet Investment in 2024, Rockfin represents another successful exit carried out in line with the strategy and timeline of our Jet 2 fund,” said Marek Malík, Managing Partner at Jet Investment. “This series of successful transactions demonstrates our ability to consistently build value in companies and realize it at the optimal investment moment.”
The transaction was completed after obtaining all required regulatory approvals. The new owner intends to continue the growth strategy and geographic expansion initiated by Jet Investment, with a particular focus on further developing the company’s operations in the United States and gradually expanding into other regions, especially Asia.
During the transaction process, Jet Investment worked with leading advisory firms. The main financial advisor on the seller’s side was PwC Poland, commercial advisory services were provided by Arthur D. Little, and legal advisory was handled by the law firms DLA Piper and DRV Legal.
The Jet 2 fund portfolio currently still includes the Czech energy-sector company 2JCP and the Polish printing group EDS. Jet Investment is currently carrying out investments through the Jet 3 fund and is in the process of raising capital for the newly launched Jet 4 fund, which will focus on acquisitions of industrial companies.
