29
Fri, Mar
51 New Articles

Van Campen Liem Advises ARX on Acquisition of Promens Zlin

Van Campen Liem Advises ARX on Acquisition of Promens Zlin

Czech Republic
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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. 

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.