Published: July 5, 2011
PE firm to grow Czech electrical equipment company.
ARX Equity Partners has taken a majority stake in Manag, a Czech electrical equipment specialist, after backing a management buy-in at the company.
The Central and Eastern Europe-focused private equity firm intends to work with the company’s management to expand the business organically and by making acquisitions.
The transaction was led by ARX partner David Marek, who said the company’s technical expertise will help management expand the business beyond its current market niche.
The financial terms of the deal have not been disclosed.
Manag’s products are used by refinery, chemical and pharmaceutical businesses. The company, which reported sales of more than €10mn (US$14.5mn) last year, also has operations in Slovakia.