Join the fund that turns good regional companies into great global corporations.

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ADAX is a succession fund

The fund seeks out and invests in businesses that show promise but whose current owners require effective assistance with further technological and business development to meet the demands of the current market.

The companies in ADAX's portfolio experienced a 136% increase in EBITDA

We diversify our portfolio across various sectors and geographic markets to minimize risks. Currently, the fund’s performace is largely driven by the cheese factory Tany and CM Trade Via, a distributor of products for people suffering from allergies, asthma, or atopic eczema.

ADAX is ready for investments of up to 480 million CZK

The fund is actively seeking new investment opportunities, and after careful analysis of forty offers, it has selected two companies that align with its investment strategy. These companies operate in sectors that merge energy and ecology, and ADAX will focus on tapping into their untapped export potential.

The ADAX expert team

Ladislav Chodák

Jaroslav Havel

Vladimír Dlouhý

Václav Salač
Chief Executive Officer (CEO)

David Fogad
Director of Investments and Operations Manager

Pavel Kudlík
Chief Financial Officer (CFO)

Michal Kľučár
Investment Director for Slovakia

Barbora Vávrová
Business development


During 2023, the fund strengthened its team of founders and shareholders, bringing in experts in management of manufacturing and trading companies, business development, international trade, marketing, technology, automation, business process improvement, and human resources management. We have built an experienced management team ready to maximize your investments.

Our companies

The company TANY from Nýrsko specializes in the production of popular melted cheeses and is among the leading producets in the Czech Republic. The most famous brand, DELICATO, forms the basis of its main product line. In addition to its own products, TANY also manufactures melted cheeses under private labels for retail chains.

CM Trade Via is a regional leader in the field of goods for allergy sufferers, asthmatics, and atopic individuals, operating an e-shop in both the Czech Republic and Slovakia. The company serves as the exclusive wholesale distributor of proven multinational brands promoting a healthy lifestyle and actively collaborates with medical specialists while educating the general public.

A traditional family company from Valašsko is the sole Czech producer of 100% ecological paper cups and lids. Its annual production volume exceeds 100 million units. Among the company's customers are Kofola, Orkla, Café+Co, Delikomat, Bidfood, Nestlé, Primo and others. Since its founding in 1992, the company's goal has been reduce dependence on plastic packaging and gradually replace them with fully natural alternatives.

Since 1991, UPS Technology has specialized in supplying backup systems including UPS? DC power supplies, motor generators, and extensice power centers. As part of comprehensive services, it offers process assurance from consultation to implementation and subsequent servicing. Its customers include companies such as ČEZ, Siemens, ABB, Škoda, and Čepro, as well as hospitals, airports, and football stadiums. UPS Technology's revenue for 2023 reached nearly a 40% year-on-year increase, and the company has significant growth ambitions for the coming years as well.

12% p. a.

Expected return

5 years or more


125 000 EUR or 1 000 000 CZK

Minimum investment


entry fee

ADAX Fond firemního nástupnictví SICAV, a. s., podfond 1
The fund is managed by CODYA investiční společnost a.s.


David Fogad
Director of Investments and Operations Manager

+420 778 042 424

Billing informations:

ADAX Fond firemního nástupnictví SICAV, a.s. 
Headquarters: Na Florenci 23, Praha 1
Identification Number (IČO): 10735551

Company registered in the Commercial Register at the Regional Court in Brno, Section B, Insert 8529, on April 7, 2021

Manager and administrator
CODYA investiční společnost, a. s.
+420 513 034 190
+420 739 299 343
Poňava 135/50
664 31 Lelekovice
More information at:

Official advisor to the fund
ADAX Capital Corporation s. r. o.

+420 778 042 424
Na Florenci 1332/23, Nové Město, 110 00 Praha
IČO: 19421818

Shares in business companies owned bz ADAX Succession FUnd SICAV, a.s., acting on behalf of ADAX Succession Fund SICAV, a.s., Sub-fund 1, registered in the Commercial Register at the Regional Court in Brno, Section B, Insert 8529, on April 7, 2021

This website is intended solely for informational and promotional purposes and is not an offer, solicitation, or recommendation for investment. Before making any investment decision, it is necessary to familiarize yourself with the fund’s and sub-fund’s statutes. Investing carries risks that may result in a decrease in the value of the investment and capital loss. The value of investment shares fluctuates over time, and historical sub-fund performance is not an indication or guarantee of future results. Investment in the sub-fund is subject to the risks stated int he fund’s and subfund’s statutes. The information contained in this document has been prepared with the utmost care but may be subject to change and updates, and neither the fund nor the manager provides any guarantee regarding its accuracy or completeness. The taxation of the fund is determined by law and may be adjusted in the event of a change in the law. The fund is intended for qualified investors pursuant to Section 272 of Act No. 240/2013 Coll., on investment companies and investment funds, as amended. If you intend to ivest and amount between 1,000,000 CZK and 125,000 EUR, the suitability of such investment for you will be assessed by the manager or administrator of the sub-fund. Before investing, you should carefully consider the investment strategy and risks associated with the investment objectives of the, as stated in the statutes or other relevant documents. The key information document (KID) and fund statute are available on the fund’s website.