ARX exits Lanex a.s.

ARX Equity Partners (“ARX”) has completed the exit of its investment in Lanex a.s. (“Lanex”). Czech entrepreneur and industrialist, Rudolf Bochenek, acquired Lanex on November 18, 2014.

Lanex is a specialized producer of ropes and fibers with wide assortment range covering climbing, marine, paper and hobby applications, as well as production of fibers for further processing. The company holds the market leadership position in the Czech Republic and is the third largest producer of paper carrier ropes in the world. Lanex is also among the top 5 producers of climbing and safety ropes globally.

ARX partnered with Lanex’s CEO Rudolf Gregorica and acquired a majority stake in Lanex in October 2008 in a management buyout transaction. During its investment period, ARX supported investment into new production technologies and entering into new markets, including the establishment of a production subsidiary in Russia. As a result of strengthened product development and increased sales activities, Lanex has consistently grown sales and profitability and will achieve € 31 million in sales and € 3 million in EBITDA in 2014.

ARX Partner Tomas Lansky commented, ”Lanex is an example of a niche Central European manufacturer with solid know-how and competitive advantage, which is able to compete and successfully expand globally. Lanex has doubled its profit margin compared to 2008 when ARX initially invested, which was a result of a solidified position on the Czech market and a successful international expansion“.

ARX has completed the exit of its Kakadu investment

Placek Holding and Stephon Holdings Limited announced today the signing of an agreement according to which Super Zoo has acquired Kakadu. The transaction includes transfer of 100% of shares.

Stephon Holdings is controlled by private equity funds managed by ARX Equity Partners. Stephon Holdings invested in Kakadu in March 2009, supporting its organic expansion in the following years. Today the company operates 41 specialized pet product stores in Poland and is leading this market segment. Kakadu took over Telekarma in 2011, obtaining a strong position on the Polish pet products internet sales market.

“Placek Holding is constantly investing in building its retail business in Central and Eastern Europe and is looking for new market opportunities. This is a valuable acquisition for us, having a well-established position in the Czech Republic, Slovakia and Latvia, Kakadu and Telekarma will benefit from Placek Holding’s marketing strengths and resources,” said Dusan Placek, the sole owner of Placek Holding.

“I view the transaction as recognition of the long term successful work of Kakadu employees in building strong position on the Polish market. I am convinced that Super Zoo will benefit from those efforts and further expand Kakadu and Telekarma. Becoming part of Placek Holding will strengthen leading position of Kakadu on the Polish market and will allow for its further, stable development,” commented Wojciech Filipczyk, ex CEO of Kakadu.

TPA Horwath Corporate Finances.r.o.(Czech Republic) was the leading buy-side advisory to Placek Holding.