The Budapest office of Dentons has advised ARX Equity Partners on the acquisition of a majority stake in TMX Mobile Solutions from Kekbegy Property Kft. Solo practitioner Ivan Varga advised Kekbegy Property.
ARX will partner with the senior management of TMX Mobile Solutions, a Hungarian mobile device repair business, which retains a minority stake The acquisition was completed on July 2, 2018. The deal value is not disclosed.
“We are excited to welcome ARX as an experienced partner that has a track-record in supporting domestic Central European leaders on their journey toward regional expansion and internationalisation,” said Balazs Kotanyi, majority owner of TMX.
The Dentons team was led by Partner Edward Keller and included Associates Reka Szaloky and Nora Jakab.