Jaroslav Strnad, owner of CE Industries and Helicopter Alliance groups, will invest part of his companies into an investment fund. This was reported today by Forbes.cz. Strnad did not disclose details about the fund’s structure and parameters. According to the website, he wants to raise up to 100 million euros (approximately 2.45 billion crowns) in the initial phase. The collected funds would go towards expanding the Helicopter Alliance helicopter fleet, strengthening the CE Industries industrial group, or acquiring additional companies.
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Strnad Launches Investment Fund
The fund currently has the working name CE Industries & Aerospace Fund. According to the website, Strnad will likely open it in early summer. “Our intention now is to enable qualified investors to participate in the further development of industrial enterprises and technological projects built around the CE Industries and Helicopter Alliance groups and to cooperate with them in the long term,” he told Forbes.
“This is my first time doing this. However, I have been thinking about creating a fund for quite some time, partly because we feel growing investor interest in our companies,” he added. Through the fund, Strnad will continue to hold a majority stake in the companies and will remain the primary driver of the entire investment vision.
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Strnad’s Companies Growing by Tens of Percent: Revenue Heading Towards 20 Billion, Expansion Continues
Consolidated revenue of the CE Industries and Helicopter Alliance groups for 2025 reached 19.5 billion crowns according to Forbes, and gross operating profit (EBITDA) exceeded 1.7 billion. “Over the past two years, we have been growing quite substantially, in some segments by as much as 40 percent annually,” said Strnad. Until now, he has financed growth exclusively from company profits or through bank loans.
Jaroslav Strnad’s companies operate in several countries primarily in the railway, defense, and recycling industries. Helicopter Alliance focuses on renovations, service, and operation of Black Hawk helicopters as well as pilot training. Jaroslav Strnad is also the founder of the armaments and engineering group Czechoslovak Group (CSG), which he transferred to his son Michal Strnad in 2018.
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