Investment Summary

Advent International and Syntaxis Capital Exits TES

On October 16, 2019, private equity firm Arx Equity Partners invested in electrical equipment company TES from Advent International and Syntaxis Capital

Investment Highlights
  • This is Arx Equity Partners’ 3rd transaction in the Electrical Equipment sector.
  • This is Arx Equity Partners’ 12th transaction in Czech Republic.
Investment Fate
  • TES was sold to a consortium of financial buyers in 2023.

Investment Summary

Date 2019-10-16
Target TES
Sector Electrical Equipment
Investor(s) Arx Equity Partners
Sellers(s) Advent International
Syntaxis Capital
Deal Type Secondary Buyout

Target

TES

Vsetin, 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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Investor(S) 1

Investor

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 27 of 33
Sector: Electrical Equipment M&A 3 of 3
Type: Secondary Buyout M&A Deals 1 of 1
Country: Czech Republic M&A 12 of 14
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 Diagnostični center Vila Bogatin d.o.o.

Bled, Slovenia

Diagnostični center Vila Bogatin d.o.o. is a private hospital with modern equipment focused on providing specialist examinations to evaluate health.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Instrumentation Technologies

Solkan, Slovenia

Instrumentation Technologies engages in the development and assembly of high-specification instrumentation for data acquisition and signal processing used in scientific particle accelerators. Instrumentation Technologies was founded in 1998 and is based in Solkan, Slovenia.

Buy -

Seller(S) 2

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 188 of 235
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 46 of 61
Country: Czech Republic M&A 4 of 5
Year: 2019 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-04 Enamor

Bangalore, India

Enamor is a women’s innerwear brand. Enamor 20 exclusive brand outlets and over 4,500 points of sale nationwide, predominantly located in larger cities, as well as a strong online presence and e-commerce business. Enamor was founded in 2001 and is based in Bangalore, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 BSV

Thane, India

BSV is a niche biological and biopharmaceutical products manufacturer. BSV's product portfolio is comprised of a wide range of products covering biologicals, equine antitoxins and serums, hormones, anesthetics, antifungals, and cardiovascular formulations. BSV was founded in 1971 and is based in Thane, India.

Buy -
SELLER

Syntaxis Capital

Vienna, Austria

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2006
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Syntaxis Capital is a private debt investor dedicated to providing long term capital to fast-growing medium-sized companies in Central Europe. It looks to invests in companies with an enterprise value of €50 - €300 million. Types of transactions include buyouts, growth capital, and consolidations. Syntaxis Capital was formed in 2006 and is based in Vienna, Austria with additional office in Warsaw, Guernsey.


DEAL STATS #
Overall 10 of 10
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
Country: Czech Republic M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-19 Polflam

Jeziorzany, Poland

Polflam is a provider of fire-resistant glass manufacturer. Its product offering includes numerous fire-resistance classes which have many applications in interiors and facades of commercial and office buildings, hospitals, schools and residential buildings. Polflam was founded in 1992 and is based in Jeziorzany, Poland.

Sell -