Van Campen Liem has advised ARX Equity Partners on its acquisition of Promens Zlin from Berry Global. The Prague office of Squire Patton Boggs reportedly advised ARX on Czech aspects of the acquisition, and DLA Piper reportedly advised Berry Global.
ARX is a private equity firm headquartered in Prague that has more than EUR 300 million raised in four funds. According to ARX, Promens Zlin (headquartered in Zlin, Czech Republic) is a system and development supplier focused predominantly on large vehicle exterior and interior parts, which are key components in the production of buses, earth moving vehicles, and agriculture equipment. The company generated approximately EUR 37 million in sales in 2020.
“ARX is delighted to partner with Promens Zlin, which represents an excellent case study of a successful Czech manufacturing company, producing sophisticated products that are well integrated into international supply channels," Tomas Lansky, Partner at ARX Equity Partners, commented. We are especially pleased to be able to work alongside the outstanding Promens Zlin management team, in order to pursue our joint objective to grow and expand the business in the coming years.”
“Our enthusiasm and desire to seek new paths in technological progress enables our customers to be leaders in their field," Robert Zatloukal, CEO at Promens Zlin added. "Together with ARX, we have a great opportunity to accelerate this vision, mainly due to the ARX infrastructure investment support and expertise. At the same time, the Promens Zlin company culture and modern strategy will enable us to meet all stakeholder expectations.”
The Van Campen Liem team consisted of Partner Aston Goad, Senior Associate Oya Derindere, and Junior Associate Nathan Hoeffnagel.
DLA Piper and Squire Patton Boggs did not reply to inquiries about the deal.
Editor's note: After this article was published, DLA Piper confirmed that it had advised Berry Global on the deal. The firm's team was led by Bratislava-based Partner Michaela Stessl, Prague-based Partner Miroslav Dubovsky, and Amsterdam-based Partner Richard Fens, and included Prague-based Solicitor Petr Samec and Amsterdam-based Solicitor Sabine Botden.
