J&T

J&T is a Central European investment group founded in 1993 in Slovakia. It pursues business in the private equity and banking sectors, the largest portion of the value of its investments being in the Czech Republic and Slovakia. J&T invests mainly into the financial services, energy sector, real estate, health care, media and sports. Together with the Penta Group, it is the biggest investment group in Slovakia. In 2010, J&T Finance Group achieved a net profit of EUR 85.0 mil (down from EUR 116.0 mil in 2009) and total consolidated equity of EUR 729 million. The group’s assets amounted to EUR 3.8 billion and an additional EUR 1.6 billion was managed through asset management services provided to the group’s clients, ranking J&T among the top financial investors in Central and Eastern Europe.

In the Czech Republic, J&T was the subject of the Tuscany scandal (Czech: Toskánská aféra). The name of the company is derived from the family names of its two founders Ivan Jakabovič and Patrik Tkáč. President of the J&T Group is Jozef Tkáč.

J&T was founded in 1993 in Slovakia by Ivan Jakabovič and Patrik Tkáč, both former classmates. Their first major project was the development of luxury housing on Drotárska Street in Bratislava, Slovakia. An important milestone for the young company was the purchase of investment fund Creditanstalt IF in 1996. Today, the company specializes in the Czech Republic, Slovakia and Russia, but the group also invests in the markets of Switzerland, Canada, Mexico and the Caribbean.

J&T is a multinational holding with its mother company Techno plus headquartered in the Slovak Republic. The core company of the holding is J&T Finance Group with base capital of 1 billion Slovak crowns.