M&A Deal Summary

Avallon MBO and Genesis Capital SRO Acquire TES

On January 16, 2023, private equity firms Avallon MBO and Genesis Capital SRO acquired electrical equipment company TES from Arx Equity Partners

Acquisition Highlights
  • This is Avallon MBO’s 1st and Genesis Capital SRO’s 1st transaction in the Electrical Equipment sector.
  • This is Avallon MBO’s 3rd and Genesis Capital SRO’s 32nd transaction in Czech Republic.

M&A Deal Summary
Date 2023-01-16
Target TES
Sector Electrical Equipment
Buyer(s) Avallon MBO
Genesis Capital SRO
Sellers(s) Arx Equity Partners
Deal Type Secondary Buyout

Target

TES

Vsetín, Czech Republic
TES Vsetin is a manufacturer of generators and electric motors and supplies parts and assemblies to leading global energy and electrical engineering companies. TES was founded in 1919 and is based in Vsetín, Czech Republic.

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Buyer(S) 2

Buyer

Avallon MBO

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 159M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Avallon is a private equity group focused on lower middle-market company investments and acquisitions in Poland and the surrounding region. Avallon looks to commit €4 to €15 million and prefers to acquire majority positions. Avallon does not have any sector preferences, however the Firm will not invest in alcohol, tobacco, gambling, speculative ventures, the arms industry or in any technologies harmful to the environment. Avallon was established in 2001 and is based in Lodz, Poland.

DEAL STATS #
Overall 20 of 20
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Czech Republic) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Noryls

Oslo, Norway

Noryls is a manufacturer of high quality outdoor luminaires, lighting equipment, as well as a producer of aluminum castings. Noryls is based in Oslo, Norway.

Buy -
Buyer

Genesis Capital SRO

Prague, Czech Republic

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 170M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Genesis Capital SRO is a private equity firm specializing in buyouts (MBOs, MBIs, LBO) and growth capital investments in small and mid-sized enterprises throughout the Czech Republic and Slovakia. Genesis looks to commit €2 to €9 million of equity per transaction (more with co-investors). Genesis generally targets proven businesses with growth potential and strong management. Areas of interest includes processing industry products, commercial services, energy, technology, specialized chemicals, construction materials, healthcare, leisure, selected security equipment and specialty retail. Genesis will not invest in real estate, firearms, gambling, adult entertainment, tobacco or alcohol. Genesis Capital SRO was formed in 1999 and is based in Czech Republic.

DEAL STATS #
Overall 41 of 42
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Czech Republic) 32 of 32
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 HC Electronics

Hradec Králové, Czech Republic

HC Electronics offer PCB assembly either with parts free issued or can provide some or all parts for assembly including PCBs. HC Electronics offer SMD and THT parts sales too and moreover, HC Electronics sells “books” with SMD component sets, which are used by designers or at electronic repair shops.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-08 XBS

Błonie, Poland

XBS offers complex supply chain management solutions providing its clients with a wide range of services such as storage, handling, transport, IT services, financing, and back-office support such as invoicing or stock management. The company's business model is based on the centralization of flows and mutualization of resources for complex or non-standard products (excise goods, non-standard size products, apparel, or non-bar-coded goods) and dealing with a wide range of distribution channels (B2C, B2E, B2B2C, B2B, etc.). It has unrivaled expertise in the preparation of multireference packages, single-unit picking, and distribution to multi-delivery points. XBS is based in Błonie, Poland.

Buy -

Seller(S) 1

SELLER

Arx Equity Partners

Prague, Czech Republic

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 300M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Arx is an independent Central and Eastern European focused private equity firm. Arx seeks companies valued between €10 and €50 million. Funds are generally used to support later stage investments such as expansion financings, management buy-outs and buy-ins, and industry consolidations. Arx will consider opportunities across many industry sectors. Arx was formerly known as DBG Eastern Europe. Arx Equity Partners was formed in 1996 and based in Prague.

DEAL STATS #
Overall 16 of 16
Sector (Electrical Equipment) 3 of 3
Type (Secondary Buyout) 2 of 2
Country (Czech Republic) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-18 Doors

Bled, Slovenia

Doors is a manufacturer of premium residential front entry doors, primarily serving the residential segment within the DACH region. The company produces several design lines based on natural and sustainable wood production and combinations of wood and aluminum. Its customers consist of window manufacturers, wholesalers, and specialized retailers in the target markets of Austria, Germany, Switzerland, and local Slovenia. Doors was formed in 2002 and is based in Bled, Slovenia.

Buy -
Mergr

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