CMS Prague has advised Advent International on its sale of TES Vsetin to ARX Equity Partners. Clifford Chance advised the buyers on the deal, and Allen & Overy advised Raiffeisenbank a.s. on the acquisition financing.
Financial details of the transaction were not disclosed.
Founded 20 years ago, ARX Equity Partners is a private equity firm that supports growth and development of mid-sized companies in Central Europe.
TES is a European industrial designer and manufacturer of tailor-made power generators, motors, drives, and other electrical machines and their system components. TES was founded in 1919 and is based in the Czech Republic with a representative office in Germany.
CMS reports that, as part of the transaction, ARX has agreed to partner with the TES's existing management team, which will lead the company's future growth and development.
The CMS team was led by Prague Managing Partner Helen Rodwell, supported by Senior Associates Pavel Srb and Frances Gerrard.
Clifford Chance's Prague-based team was led by Partner David Kolacek, assisted by Partner Milos Felgr, Counsel Michal Jasek, Associates Veronika Kinclova and Dominik Vojta, and Junior Lawyers Martin Urban and Matej Ridky.
The Allen & Overy team was led by Senior Associate Petra Mysakova and included Associate Pavel Prihoda and Junior Lawyer David Bujgl.