News & Awards
19th May 2026

Clifford Chance Prague Association advises Česká spořitelna on Fyzioterapie s úsměvem acquisition finance

Clifford Chance Prague Association has advised Česká spořitelna on the refinancing of the acquisition costs relating to the acquisition of Fyzioterapie s úsměvem by Genesis Capital. This transaction represents the second investment of Genesis Capital’s latest fund, Genesis Private Equity Fund V, with the current size of EUR 286 million. Our team advised on all aspects of the financing, including structuring, negotiation of the finance documents and closing of the transaction.

The acquisition of Fyzioterapie s úsměvem will contribute to the company’s ongoing expansion and advance its strategic focus on personalised patient care and comprehensive treatment methods, while reinforcing its leadership in innovative rehabilitation services across the Czech market.

Fyzioterapie s úsměvem is one of the leading private providers of outpatient rehabilitation services in the Czech Republic, currently operating 10 modern clinics and 13 local facilities across Prague and the Hradec Králové, Pardubice and South Bohemian regions. With a team of over 200 physiotherapists, the company offers comprehensive, individually tailored healthcare services in physiotherapy, rehabilitation and physical medicine, combining initial diagnostics with modern therapeutic approaches.

Genesis Capital is a prominent CEE private equity firm providing growth and development financing to small and medium-sized enterprises. Since its establishment in 1999, Genesis Capital has managed seven private equity funds with a combined volume of EUR 650 million, supporting more than 90 companies.

Our legal team was led by counsel Dominik Vojta, under the supervision of managing partner Miloš Felgr and with support from junior lawyer Maciej Gorski.

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