21 October 2019
Clifford Chance advises ARX Equity Partners on acquisition of TES Vsetín
Clifford Chance advised ARX Equity Partners, a leading private equity firm, on the majority acquisition of TES Vsetín, an engineering company active primarily in manufacturing of system components relating to electrical machines. ARX acquired the business from an affiliate of Advent International. Financial details of the transaction were not disclosed.
TES Vsetín supplies critical components and machines to leading blue-chip customers across multiple industries, and designs and manufactures its own proprietary machines, such as generators and electric motors.
ARX Equity Partners is a private equity firm with a 20-year track record supporting the growth and development of mid-sized companies in Central Europe. With more than €300 million raised in four funds, ARX has become a leading private equity firm in its segment in the Central European region.
The transaction team was led by M&A Counsel Michal Jašek who was primarily assisted by Associate Veronika Kinclová and Junior Lawyer Martin Urban. Finance team was led by Partner Miloš Felgr who was assisted by Associate Dominik Vojta and Junior Lawyer Matěj Řídký. David Koláček, Partner and Co-Head of the Corporate practice supervised the Clifford Chance team.