Our Principles

Growth engines

We look for growth opportunities in financial services, industrial services and real estate, and for financial and operational restructuring in energy, manufacturing, the service sector, and the food industry.

Smart money, active management

Our credo is active investment management. We do not look for passive, go-along-with-the-market trends. We identify and source opportunities to create and capture real value for investors and entrepreneurs:

  • Minds-around. We put our best minds and experience into sizing up and solving your challenge – quickly, decisively, practically.
  • Hands-on. Execution is king. We get involved in investment projects where an active role creates value – and more than meets the eye. We work directly and with our capability-network partners to achieve this.
  • Hearts-in. If your heart is in your business, we are the right partner for you. When we commit to a client, we invest our own time, resources, relationships and money right alongside the client.

Our Team

Lubor Žalman

Lubor Žalman | Partner at EnCor

I am a finance person through and through. I joined the foreign exchange department of Komerční banka (Société Générale Group) with an MSc in Physics and worked my way up to head Markets and Investment Banking five years later. Thereafter, I joined McKinsey & Company (pulled in by Viktor, my business partner today), where I advised banking and insurance clients throughout CEE.

After a brief Russian adventure, I became the CEO of Raiffeisenbank in the Czech Republic, which I transformed from a fringe player into a top-five Czech bank. While my development as a leader during those nine years at Raiffeisen was invaluable, I still missed the experience of starting my own business. That‘s why I stepped down and founded EnCor, thus returning to my investment banking roots.

Viktor Popovič

Viktor Popovič | Partner at EnCor

After almost 20 years at McKinsey (a.o., having founded and led McKinsey’s Prague office), in 2001 I became the CEO of fast-growing Euram Bank, based in Vienna, which I later acquired from the original investors and built into a profitable private, investment and merchant bank. In 2013, after divesting the bank’s major proprietary holdings, I handed over the management to my colleagues and joined forces with my partners to create EnCor.

My focus has been on corporate finance: mergers, acquisitions and growth projects in banking, consumer goods and heavy industries. I have led proprietary investments in payment services, asset management, investment banking, insurance, aviation and concierge services.

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Marie Fingerová | Office manager

Our Experience

Our investment, M&A and operational work is grounded in practical experience across industries and corporate functions.

Collectively, we have deep understanding of banking (universal as well as private and investment banking), insurance, financial services, asset management, real estate, energy, technology and telecoms, consumer goods, manufacturing, and heavy industries (chemicals, steel, mining, etc.). In many of these industries, we have served in senior corporate functions, incl. CEO roles, and led important strategic, investment, and transformation projects.

Below, we share a sample of proprietary investments and M&A transactions, which we have led/completed in the past 7 years

  • eBanka acquisition by Raiffeisen Czech, and subsequent operational and cultural integration (USD 170 million)
  • EIBANK (Bulgaria) sale to KBC (USD 600 million)
  • Negotiation of energy generation investments (USD 40 million)
  • Texakabank (Kazakhstan) sale to Sberbank (USD 130 million)
  • Merger of two major RE holdings/developers (total assets USD 1.3+ billion)
  • Acquisition program for telecom player to consolidate broadband market
  • Long-term energy contract renegotiation (up to USD 290 million)

Our Clients

We work with enterpreneurs and active investors.

We help enterpreneurs in their growth aspirations through proprietary investments in their businesses or by linking them to the right sources of capital. We act as a long-term business thought-partner and support entrepreneurs with active project involvement in critical areas at critical times.

We help active investors evaluate and execute transactions. We bring in our extensive transaction experience, the right expertise from a wide network of industry practitioners, and pragmatic problem-solving and analytical capacity. We co-invest and stay involved also post-transaction, working actively with management teams on reaching and exceeding business objectives.

Lastly, we develop proprietary investments, bringing together both active and passive investors with the right executive talent to open and build up attractive business opportunities.

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Hot Czech Radio she had actually made use of present provides.

Sauna vendors are actually experiencing one thing of an advancement in the hot czech Republic.
Along with the lot of social spas, the variety of loved ones
that are actually putting up one in their house is actually climbing.

The purchase of spa units is actually improving across the country, up as long as to 10%.
yearly, as verified through sellers’ analytical information.

According to the studies, private or even exclusive spas are actually no more.
gotten simply through property as well as yard managers. A growing number of buyers also go with.
spas on the patio or maybe in the apartment or condo.

One participant reckoned hot czech Radio she had actually made use of present provides.

“My hubby as well as I acquired a spa at Christmas, due to the fact that there was actually a fifty%.
price cut. The spa is actually for pair of folks as well as can easily connect with a temp of as much as

Attractive for spa aficionados is actually each cost as well as the basic economical of.
function, depending on to one vendor, Drahuše Vañková.

“The functional prices of spas are actually certainly not really higher. That is actually why.
it is actually ending up being significantly classy to possess a spa in the house. For.
instance, an infra-sauna pattern, which is actually warmed to approximately 60 ° C, expenses.
around 40 pennies. While the prices of a Finnish spa pattern, which rises.
to 95 ° C, are actually in between 3 and also 4 europeans.”

At social spas, comparative, site visitors spend a cost in between 4 to 15 europeans

The head of state of the Association of Pools and also Saunas, Pavel Košnár states.
the inexpensive is actually steering need.

“I believe the czech brides Republic is just one of the largest ‘electrical powers’ in phrases.
of spas worldwide. Depending on to studies coming from the Ministry of Health,.
there are actually 1,238 spas in the nation, certainly not awaiting household spas.”

He cautioned that amateur homemade spas without license are actually a primary.
risk, which can easily possess heartbreaking effects. Previously this year in the area.
of Jičín, a lady passed away along with her little girl after being actually caught in a

Prague residents along with an ordinary wage will need to work with almost.
fifteen years for a level of about seventy straight metres, & hellip;

High electricity expenses are actually requiring virtually an one-fourth of Czechs to reduce.
on various other sorts of costs, a current study performed through & hellip;

The Prague City Hall union results from satisfy on Friday to talk about a.
disputable proposition to accumulate confidential records coming from electric power & hellip;

Indiana Jones vs. the Communist cops: Jaroslav Švelch on below ground video game in 1980s Czechoslovakia

Author Marek Toman on Prague, Czech past and also communicating emotional states to audiences

Lipník nad Bečvou- Where Game of Thrones acquired its own ships

New apartments in Prague significantly unreachable

Lidice- the terrible future of a community that came to be an effective icon

Czech public servants punish receipt Russian currency as try to spin and rewrite background

Embattled Czech PM releases counter-offensive to draw social in

“Let’s certainly not conceal the great spots- allow’s switch the negative inject excellent ones”: The Honest Guide people review their brand new manual as well as whole lots much more

Weather projection coming from Year, provided due to the Norwegian Meteorological Institute as well as NRK

Stay cozy in chilly Czech winter months times … and also evenings

Facebook reviews

Winter in Prague is actually consistently a wonderful opportunity due to the market places, Christmas lightings and also naturally, the vast collection of hot czech alcohols. Whether you require aid heating up while straying the metropolitan area or even viewing TELEVISION in the home under a heap of quilts; you can not make a mistake along with these cheek-reddening drinks: Beer liquor: Czechs include the greatest draft beer on earth as well as make use of draft beer in medical spas, hair shampoo, as well as breadstuff. Much more successful than a ‘draft beer coating’, draft beer drink generally consists of the observing elements: sulky draft beer, sulky walking stick rum, syrup, barley and also vanilla glucose. Certainly not every draft beer fan is actually a follower of the mixture yet it is actually a fantastic thing to contribute to your container list. hot czech Becherovka Cocktails: Becherovka is actually a well-known alcoholic beverage that was actually produced in 1907 that was actually indicated to become utilized as a medication along with a social cocktail. It was actually pointed out that 2 twenty ml tries, one in the early morning as well as one at night, will assist your body system remain powerful, younger as well as well-balanced. Over the numerous years, numerous Bechorovka beverages, each cold and hot czech have actually been actually designed:

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- hot czech Becherovka: The most basic alcoholic drink along with a comparable idea to mulled red or white wine. For this cocktail, you merely make use of a sizable try (40 ml) of Becherovka, incorporate 150 ml of warm water, one piece of lemon as well as a spoon of natural honey.- Avalanche (Lavina in Czech): For red or white wine aficionados, this beverage calls for a huge try of Becherovka combined along with 100 ml of merlot, as well as warmed along with twenty ml of natural honey and also 10 ml of clean lime extract. Once it is actually heated up, you may include a sugar-cinnamon stick for mood. – Be Actually Punch: With a delicious and also sour citrusy taste and also loads of vitamin C: blend a big go of Becherovka, 10 ml of new lemon extract, 10 ml of clean orange extract, 100 ml of water and also twenty ml of sweet syrup or even grenadine. When these components are actually heated you may enhance the alcoholic beverage along with a cut of lemon, orange, and also lime.- hot czech Butter Becherovka: Tasting much like Christmas: blend an extra-large go of Becherovka (fifty ml!) along with 100 ml of dense apple extract, twenty ml of clean lemon extract as well as twenty ml of natural honey water (one-half water, fifty percent natural honey). Put the fluid in to a mug as well as one sugar-cinnamon stick, a piece of saltless butter, 4 cloves and also 1 superstar of anise (likewise called badian). You may include a cut of apple as ornament.- Tea day: Because the only method to create herbal tea far better is actually through including Becherovka: carefully mix forty five ml of Becherovka, 60 ml of rosehip herbal tea, twenty ml of natural honey water and also 15 ml of new lime extract. After delicately combining, drink these components (in a teapot) and also warm up to 75 ° C.Grog: You either enjoy it or even you loathe it, alcohol may be located in the majority of Czech bistros and also coffee shops. It is actually a blend of rum, warm water, sweets as well as a piece of lemon. hot czech Absinthe: Although this is actually certainly not commonly Czech, you can easily additionally create hot czech mixed drinks away from absinthe. Possibly the only location that gives these tropical drinks is actually www.absintheries.cz that possesses numerous clubs in Prague, featuring ideal away from Old Town Square. The mixed drinks consist of however are actually certainly not restricted to:- Absinth coffee: coffee, Absinth Staroplzenecky, and also Absinth pulled lotion- Absinth Blaze: Absinth 35, Stark rum, rosemary oil syrup, sweets syrup as well as lime Codial- Absinth Pink Punch: Absinth 35, spiced berry polite, water, lime extract- Absinth After 8′s: Absinth Staroplzenecky, dairy, mint syrup as well as chocolateMulled white wine: This very most common Czech winter season beverage may be gotten nearly anywhere, however certainly not all ‘svařak’ is actually levelled. You may get exclusive flavor bundles and also wine especially produced your mulled red or white wine. The dish entailed heating up the a glass of wine up in a flowerpot (yet certainly not steaming it!), incorporating clean orange or even lemon extract, sweets, lemon cuts as well as cloves. There are actually a lot of ranges of the dish that feature various other seasonings, tips of sugar as well as can easily likewise be actually constructed out of gewurztraminer.

Prague will certainly possess yet another popup city haven in an underused place

For Easter Sunday as well as Monday, our team may vow considerable amounts of smiles

Both usage as well as creation are actually up after a quick downturn

The brewery considers a wedding anniversary draft beer, brand-new tags and also a publication

The total lot of provided dining establishments fell to 31

The Manifesto Market is actually back. Happen and also participate in Alex to view what the market place must give in the brand new time.

The midtown club will definitely be actually possessing a large event to note a fourth century

Two trendy bistro pointers coming from the Honest Guide Prague

The spots property in Stromovka playground need to resume in very early 2020

Where to obtain the very best pint of Guinness in Prague

Superb Donuts in the soul of Prague

Authentic Italian food in Prague

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Donuts helped make along with passion as well as dream

Prague’s # 1 resource for Czech information in English …

Expat as well as Czech Business Professional Network

New English-language on-line journal for Brno …

捷 目 is actually the first-ever Chinese foreign language on the web paper …

contact EnCor Capital Management
Údolní 59 | 147 00 Prague | Czech Republic
+420 230 234 111 |

Registered in the Commercial Register kept
by the Municipal Court in Prague, file C 215518
IČO 02128136

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