- TES is a Czech electromechanical engineering firm based in Vsetin
- ARX first invested in TES in 2019
- ARX is a private equity firm that assists the growth and development of mid-sized companies in Central Europe
ARX Equity Partners has completed the sale of TES Vsetin to a private equity consortium of Genesis Capital and Avallon. No financial details of the transaction were disclosed.
TES is a Czech electromechanical engineering company headquartered in Vsetin. The firm provides critical components and machines to several blue-chip customers across multiple industries.
ARX acquired TES in 2019 from an Advent International affiliate.
During ARX’s investment period, the firm partnered with the TES management team who drove the further growth and evolution of the business, according to a release.
“We are delighted that TES has been acquired by two reputable private equity investors which will continue to support its next phase of growth and development,” said Michal Aron, partner at ARX.
ARX is a private equity firm that assists the growth and development of mid-sized companies in Central Europe. The firm, which has raised over €300 million in four funds, is headquartered in Prague.
Genesis Capital is a private equity firm that provides access to financing for growth and development to small and medium-sized companies in the Czech Republic, Slovakia, Poland, Hungary and Austria. The firm is based in Prague.
Avallon MBO is an investor in the management buyout field. The firm is headquartered in Lodz, Poland.