Hartenberg Holding
Prague investment holding of Andrej Babiš and Jozef Janov investing its own capital in Central European companies (IVF, pharma, e-commerce, aviation, real estate); founded 2013.
USEFUL FOR Business owners seeking a long-term partner · Co-investors
Family & background
- HEADQUARTERS
- Prague, Czechia
- FOUNDED
- 2013
- AUM
- €700M (2025)
- OUTSIDE CAPITAL
- No — own capital only
Investment approach
- SECTORS
- HealthTechBiotech & Life SciencesConsumer & E-commerceFood & AgricultureIndustrial & ManufacturingReal Estate & PropTech
- GEOGRAPHY
- EuropeCzechia
- STAGES
- Buyout
- ROUTES
- Companies (own capital)
- STRATEGIES
- Direct investmentsPrivate equityReal estate
Overview
Hartenberg Holding, s.r.o. is a Prague investment firm founded in 2013 and backed by EUR 300 million in founder commitments; it states that it invests only its own capital. Its beneficial owners are Andrej Babiš and Jozef Janov, and Hartenberg Capital, s.r.o. (owned by Jozef Janov and Libor Němeček) acts as its general partner and administrator. Holdings include the IVF group FutureLife (with CVC), Imunoglukan, Good Food, the Enterstore e-commerce group, Flamengo flower retail and real-estate partnerships with Corwin and JRD. It reported an equity value of portfolio of about EUR 700 million at the end of 2025.
Investment thesis
Targets established, cash-generative Central European businesses with strong market positions in consolidating or transforming industries, typically with enterprise values of EUR 40–200 million, held for five years or longer.
Holdings & investments (13)
INVESTMENT ARMS & VEHICLES
- Hartenberg Capital, s.r.o.General partner and administrator of Hartenberg Holding: sources, executes and manages investments and exits
HOLDINGS & INVESTMENTS · MOST RECENT FIRST
- FutureLifeNOTABLEHealthTech · since 2014
- YuzuReal Estate & PropTech · since 2026
- IkonixReal Estate & PropTech · since 2024
- Corwin (real estate partnership)Real Estate & PropTech · since 2021
- JRD (residential development partnership)Real Estate & PropTech · since 2020
- FlamengoConsumer & E-commerce · since 2019
- JAT TehnikaIndustrial & Manufacturing · since 2019 · Exited
- EnterstoreConsumer & E-commerce · since 2018
- Avia PrimeIndustrial & Manufacturing · since 2017
- BeethovenReal Estate & PropTech · since 2017 · Exited
- Orchard office parkReal Estate & PropTech · since 2016 · Exited
- Good FoodFood & Agriculture · since 2015
- ImunoglukanBiotech & Life Sciences · since 2014
People
- Jozef JanovManaging Partner, Member of Investment Committee · source
- Libor NěmečekPartner, Member of Investment Committee · source
- Jozef KováčInvestment Director · source
- Miroslav JanovInvestment Director · source
- Martina ŠpacírováInvestment Director · source
- Dejan KostićInvestment Director · source
- Karin MaškováInvestment Manager · source
- Barbora Bott PechkováInvestment Manager · source
Frequently asked questions
Hartenberg Holding is a family holding based in Prague, Czechia, founded in 2013.
Hartenberg Holding invests its own capital into companies. Its stated asset mix includes direct investments, private equity and real estate.
Hartenberg Holding invests at Buyout stage in HealthTech, Biotech & Life Sciences, Consumer & E-commerce, Food & Agriculture, Industrial & Manufacturing and Real Estate & PropTech.
Key people at Hartenberg Holding include Jozef Janov (Managing Partner, Member of Investment Committee), Libor Němeček (Partner, Member of Investment Committee), Jozef Kováč (Investment Director) and Miroslav Janov (Investment Director).
Hartenberg Holding's holdings and investments include FutureLife, Imunoglukan, Good Food, Avia Prime, Enterstore, Flamengo, JRD (residential development partnership) and Corwin (real estate partnership), among others.
The most recent publicly reported investment by Hartenberg Holding is Joe Merino (80% via Enterstore) (Add-on acquisition), announced in Aug 2026.
No. Hartenberg Holding invests its own capital and does not raise money from outside investors.