ARX Equity Partners Leads Acquisition of TES Vsetín from Advent International
Posted On: 16 Oct 2019 | Source(s): ARX Equity Partners, TES Vsetín
ARX Partners, a private equity firm focused on control transactions in mid-sized companies in Central Europe, has led the acquisition of Czech Republic-based electrical engineering company TES Vsetín from global private equity fund manager Advent International. The company’s management will also acquire a stake in TES through the deal. TES designs and manufactures proprietary electrical products such as generators, motors, special-purpose machines, and machinery components. Advent led the acquisition of a 100 percent stake in TES from Central Europe-focused investment firm Penta Investments in 2012. Financial details of the latest transaction were not disclosed.