People

During 2023, the fund assembled a team of founders and shareholders, and invited experts in the areas of manufacturing and trading company management, business development, international trade, marketing, technology, automation, business process improvement, and human resources management. We have built an experienced management team ready to evaluate your investments.


Ladislav Chodák
Shareholder

A manager, entrepreneur, and investor who since 1990 has founded or actively participated in the management of more than thirty companies. His expertise lies primarily in the IT sector, engineering, and construction. Since 2010, he has primarily focused on the development and mentoring of companies, investments in technological startups, and development projects. Since 2017, he has served as the chairman of the Regional Chamber of Commerce in Brno. He is also a member of the Scientific Board of the Faculty of Informatics at Masaryk University and the Industry Cooperation Council of Masaryk and Mendel Universities. In 2015, he facilitated the establishment of the first private elementary school laboratory in the Czech Republic, Labyrinth. He is also involved in supporting sports such as volleyball and baseball.


Jaroslav Havel
Shareholder

An attorney, founding partner, and managing partner of the law firm HAVEL & PARTNERS. His clients include the largest financial institutions operating in the Czech and Slovak Republics, numerous companies listed in the Fortune 500 or Czech Top 100 rankings, ministries, state-owned enterprises, and private individuals among the most successful and wealthiest people living in the Czech and Slovak Republics. He specializes in banking, finance, commercial law, corporate law, particularly advising on matters concerning top company management, mergers and acquisitions, private equity/venture capital, legal audits, and legal due diligence. Prior to founding the law firm in 2001, he worked for more than six year at several leading local and international law firms in Prague, including the law firm Linklaters. He is a graduate of the Faculty of Law at Charles University in Prague, where he obtained the degree of Mgr. followed by the degree of JUDr.


Vladimír Dlouhý
Director

Throughout his long and successful career, he worked at the Prognostic Institute of the Czechoslovak Academy of Sciences, served as the Deputy Chairman of the first non-communist government after 1989, and until 1992, he was the Czechoslovak Minister of Economy, followed by five years as the Czech Minister of Industry and Trade. After leaving the government, he founded his own consulting company and works for large international corporations. He remains an advisor to the investment bank Goldman Sachs to this day. From 2009 to 2012, he served in the European Advisory Group of the Executive Director of the International Monetary Fund in Washington. From 2009 to 2013, he was a member of the National Economic Council of the government (NERV), and after its re-establishment in 2020, he became a member again. For nine years, he served as the President of the Czech Chamber of Commerce and was also the Vice President of Eurochambres, the European Association of Chambers of Commerce in Brussels. He teaches at the Institute of Economic Studies at the Faculty of Social Sciences, Charles University.


Václav Salač
Chief Executive Officer (CEO)

The founder and co-owner of successful companies Oportys and ZebraStores. Over his twenty-year business career, he has gained experience in various management positions in finance, energy, real estate, and e-commerce, including building organizational structures, people management, establishing business units, and launching startups. He has been involved in various projects abroad, in Europe, Africa, and Arab states. He studied Law at the Faculty of Law at Masaryk Univeristy in Brno, where he also obtained an LL.M. degree in Commercial Law. In his free time, he serves as the head coach of youth teams and chairman of the football club TJ Heršpice.


David Fogad
Director of Investments and Operations Manager

David Fogad has long been involved in the real estate, investment, and financial literacy sectors. He studied Law and International Business Law at the Faculty of Law, Masaryk University in Brno, and an MBA program at the University of Economics and Management in Prague. He is a lecturer at the European Centre for Career Education (ECCE) and the Investee project, which focuses on finance ind investments in the digital age. In the past, he worked as a project manager for Zlatá koruna, was a board member of the investment holding company TNI Group, and also served as the business director and a member of the supervisory board of Fond Českého Bydlení SICAV, the first Czech fund for qualified investors focused on rental housing.


Pavel Kudlík
Chief Financial Officer (CFO)

Throughout his more than twenty-year professional career, he has been involved in vusiness economics from various perspectives. He has served as a partner and managing director of an auditing, tax, and accounting firm, and from 2010 to 2020, he was a registered auditor at the Chamber of Auditors of the Czech Republic. Since 2009, he has been a court expert in the field of business valuation and securtities valuation. Until June 2022, as the Group CFO, he contributed to the development of the Vendeavour holding for three years and was a member of the investment committee of the Vendeavour qualified analyses and valuations of dozens of companies, designed holding structures, proposed and led dozens of transformations of business companies. In recent years, he has focused on modern approaches to financial management of companies. He obtained his education in economic disciplines at Masaryk University in Brno, Tomas Bata University in Zlín, the University of Economics in Prague, and through the professional education program of the Chamber of Auditors of the Czech Republic.


Barbora Vávrová
Business development

Director of Strategic Client Care at the law firm HAVEL & PARTNERS, focusing on strategic cooperation with the firm’s most significant clients. She facilitates them with premium concierge services primarily focused on health care. Her expertise stems from close relationships with professionals and extensice experience gained in the fields of diplomacy and managerial psychology. Before joining HAVEL & PARTNERS, she worked fot the RP Invest group as the Director of Client Services. She also founded the company Povídej, Poslouchávám, which specializes in providing healthcare, tax, acquisition, and IT consulting. Her protfolio also includes assistance in implementing controlling and workflow for companies. She studied diplomacy at the University of International and Public Relations in Prague and earned an MBA in Managerial Psychology from the European School of Business & Management.


Michal Kľučár
Investment Director for Slovakia

Michal Kľučár brings over 15 years of managerial experience as a top economist to ADAX Invest as an Investment Director. Since 2008, he has been part of an internal team focused on mergers and acquisitions, executing a series of strategic acquisitions that led to the formation of the Energy and Industrial Holding Group (EPH, 2022 EBITDA 4 billion EUR).

Additionally, he has served as a member of senior management in roles such as board member, financial director, and deputy CEO in Slovakia, Poland, and Switzerland, in companies with cumulative EBITDA exceeding 1 billion EUR, mainly in the energy and infrastructure sectors. He is a graduate of the University of Economics in Prague and the Czech Technical University.


Ladislav Chodák
Shareholder

A manager, entrepreneur, and investor who since 1990 has founded or actively participated in the management of more than thirty companies. His expertise lies primarily in the IT sector, engineering, and construction. Since 2010, he has primarily focused on the development and mentoring of companies, investments in technological startups, and development projects. Since 2017, he has served as the chairman of the Regional Chamber of Commerce in Brno. He is also a member of the Scientific Board of the Faculty of Informatics at Masaryk University and the Industry Cooperation Council of Masaryk and Mendel Universities. In 2015, he facilitated the establishment of the first private elementary school laboratory in the Czech Republic, Labyrinth. He is also involved in supporting sports such as volleyball and baseball.


Jaroslav Havel
Shareholder

An attorney, founding partner, and managing partner of the law firm HAVEL & PARTNERS. His clients include the largest financial institutions operating in the Czech and Slovak Republics, numerous companies listed in the Fortune 500 or Czech Top 100 rankings, ministries, state-owned enterprises, and private individuals among the most successful and wealthiest people living in the Czech and Slovak Republics. He specializes in banking, finance, commercial law, corporate law, particularly advising on matters concerning top company management, mergers and acquisitions, private equity/venture capital, legal audits, and legal due diligence. Prior to founding the law firm in 2001, he worked for more than six year at several leading local and international law firms in Prague, including the law firm Linklaters. He is a graduate of the Faculty of Law at Charles University in Prague, where he obtained the degree of Mgr. followed by the degree of JUDr.


Vladimír Dlouhý
Director

Throughout his long and successful career, he worked at the Prognostic Institute of the Czechoslovak Academy of Sciences, served as the Deputy Chairman of the first non-communist government after 1989, and until 1992, he was the Czechoslovak Minister of Economy, followed by five years as the Czech Minister of Industry and Trade. After leaving the government, he founded his own consulting company and works for large international corporations. He remains an advisor to the investment bank Goldman Sachs to this day. From 2009 to 2012, he served in the European Advisory Group of the Executive Director of the International Monetary Fund in Washington. From 2009 to 2013, he was a member of the National Economic Council of the government (NERV), and after its re-establishment in 2020, he became a member again. For nine years, he served as the President of the Czech Chamber of Commerce and was also the Vice President of Eurochambres, the European Association of Chambers of Commerce in Brussels. He teaches at the Institute of Economic Studies at the Faculty of Social Sciences, Charles University.


Václav Salač
Chief Executive Officer (CEO)

The founder and co-owner of successful companies Oportys and ZebraStores. Over his twenty-year business career, he has gained experience in various management positions in finance, energy, real estate, and e-commerce, including building organizational structures, people management, establishing business units, and launching startups. He has been involved in various projects abroad, in Europe, Africa, and Arab states. He studied Law at the Faculty of Law at Masaryk Univeristy in Brno, where he also obtained an LL.M. degree in Commercial Law. In his free time, he serves as the head coach of youth teams and chairman of the football club TJ Heršpice.


David Fogad
Director of Investments and Operations Manager

David Fogad has long been involved in the real estate, investment, and financial literacy sectors. He studied Law and International Business Law at the Faculty of Law, Masaryk University in Brno, and an MBA program at the University of Economics and Management in Prague. He is a lecturer at the European Centre for Career Education (ECCE) and the Investee project, which focuses on finance ind investments in the digital age. In the past, he worked as a project manager for Zlatá koruna, was a board member of the investment holding company TNI Group, and also served as the business director and a member of the supervisory board of Fond Českého Bydlení SICAV, the first Czech fund for qualified investors focused on rental housing.


Pavel Kudlík
Chief Financial Officer (CFO)

Throughout his more than twenty-year professional career, he has been involved in vusiness economics from various perspectives. He has served as a partner and managing director of an auditing, tax, and accounting firm, and from 2010 to 2020, he was a registered auditor at the Chamber of Auditors of the Czech Republic. Since 2009, he has been a court expert in the field of business valuation and securtities valuation. Until June 2022, as the Group CFO, he contributed to the development of the Vendeavour holding for three years and was a member of the investment committee of the Vendeavour qualified analyses and valuations of dozens of companies, designed holding structures, proposed and led dozens of transformations of business companies. In recent years, he has focused on modern approaches to financial management of companies. He obtained his education in economic disciplines at Masaryk University in Brno, Tomas Bata University in Zlín, the University of Economics in Prague, and through the professional education program of the Chamber of Auditors of the Czech Republic.


Barbora Vávrová
Business development

Director of Strategic Client Care at the law firm HAVEL & PARTNERS, focusing on strategic cooperation with the firm’s most significant clients. She facilitates them with premium concierge services primarily focused on health care. Her expertise stems from close relationships with professionals and extensice experience gained in the fields of diplomacy and managerial psychology. Before joining HAVEL & PARTNERS, she worked fot the RP Invest group as the Director of Client Services. She also founded the company Povídej, Poslouchávám, which specializes in providing healthcare, tax, acquisition, and IT consulting. Her protfolio also includes assistance in implementing controlling and workflow for companies. She studied diplomacy at the University of International and Public Relations in Prague and earned an MBA in Managerial Psychology from the European School of Business & Management.


Michal Kľučár
Investment Director of Slovakia

Michal Kľučár brings over 15 years of managerial experience as a top economist to ADAX Invest as an Investment Director. Since 2008, he has been part of an internal team focused on mergers and acquisitions, executing a series of strategic acquisitions that led to the formation of the Energy and Industrial Holding Group (EPH, 2022 EBITDA 4 billion EUR).

Additionally, he has served as a member of senior management in roles such as board member, financial director, and deputy CEO in Slovakia, Poland, and Switzerland, in companies with cumulative EBITDA exceeding 1 billion EUR, mainly in the energy and infrastructure sectors. He is a graduate of the University of Economics in Prague and the Czech Technical University.

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12% p. a.

Expected return

5 years or more

duration

125 000 EUR
or 1 000 000 CZK

Minimum investment

0–5%

entry fee

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


I want to invest with ADAX

Contact

David Fogad
Director of Investments and Operations Manager

david.fogad@adaxinvest.cz

+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
info@codyainvest.cz
Poňava 135/50
664 31 Lelekovice
More information at: www.codyainvest.cz

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

+420 778 042 424
david.fogad@adaxinvest.cz
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 sub.fund, as stated in the statutes or other relevant documents. The key information document (KID) and fund statute are available on the fund’s website.