Category: Uncategorized

Ljubljana / Prague – 26 August 2026 – ARX Equity Partners (“ARX”), a leading Central European private equity firm, today announced the acquisition of a majority stake in Medicofit, fizioterapija d.o.o. (“Medicofit” or the “Company”), Slovenia’s foremost private provider of integrated musculoskeletal care. The transaction marks the first institutional private equity investment into Slovenia’s private physiotherapy sector and establishes a platform for accelerated regional expansion. Financial terms of the transaction were not disclosed.

Founded in Ljubljana in 2021 by Jaka Plantan and Nejc Šimenko, Medicofit has, in under five years, established itself as the reference provider for structured, evidence-based rehabilitation in Slovenia. The Company delivers an integrated clinical model spanning diagnostics, physiotherapy, kinesiology and preventive care, and has built a reputation for measurable clinical outcomes, patient-centred protocols and operational rigour uncommon in the regional market.

A Milestone Transaction for the Region

The transaction represents a strategic entry point for institutional capital into a segment historically dominated by fragmented, owner-operated practices. It signals a broader thesis: that Central European private healthcare services – particularly outpatient musculoskeletal care – are approaching institutional scale and warrant the operating discipline and capital that specialised investors can bring.

For Medicofit, the partnership with ARX supports a defined next phase: deepening clinical capabilities, expanding geographic footprint, and building the operational infrastructure required to serve a materially larger patient base across Slovenia and the wider Adriatic region.

Leadership and Governance

Co-founder Jaka Plantan will assume the role of Chief Executive Officer, leading the Company’s next chapter alongside co-owner Marko Stojanović, who continues as Chief Physiotherapist and clinical lead. Both remain significant shareholders alongside ARX. Day-to-day operational leadership continues under Nikita Belopavlovič, Head of Operations, who oversees clinical operations, commercial performance and team development.

As part of the transition, outgoing director Nejc Šimenko exits both his executive role and shareholder position. The Company thanks him for his contribution during its formative period.

Ljubljana/Prague, March 16 – ARX Equity Partners (“ARX”) has become a lead investor in Direct4me, d.o.o. (“Direct4me” or the “Company”), a technology company specialising in the design and manufacture of smart parcel locker systems supported by proprietary software enabling secure, automated, and carrier-agnostic last-mile delivery. The Company provides an integrated hardware and SaaS platform that enables logistics operators, postal services, and commercial partners to deploy flexible out-of-home delivery networks. Direct4me’s engineers and technology specialists develop the hardware and the proprietary software in-house, supporting deployments across multiple European markets.

Founded in 2018, Direct4me has developed into a fast-growing provider of battery-powered autonomous parcel locker infrastructure. The Company recorded a breakthrough year in 2025, with revenues more than tripling year-on-year to exceed € 10 million, reflecting the accelerating adoption of automated parcel management solutions across Europe. Direct4me works with logistics partners such as Austrian Post, DPD, DHL and national postal operators, supporting the expansion of modern out-of-home delivery networks.

Innovation remains central to the Company’s development, with the rollout of new capabilities that expand the functionality of locker infrastructure beyond traditional parcel delivery. These include integrated payment functionality allowing transactions directly at the locker interface through Direct4Pay, as well as AI-enabled communication tools enabling remote interaction between users and operators via Direct4Talk. The Company is also continuing the deployment of its Gen5 locker platform, featuring enhanced component architecture, simplified installation, and lower operating and maintenance requirements. Direct4me is led by its CEO, Tadej Visinski, who continues to guide the Company’s strategic development alongside the founding team, supported by a team of engineers and technology specialists responsible for advancing the platform.

The investment will support Direct4me in the next phase of scaling its autonomous locker infrastructure, strengthening product development and expanding its commercial footprint across key European markets. ARX will support the Company’s continued organic growth, including further development of its technology platform, expansion of the commercial team, and geographic scaling.

The parties have decided not to provide further financial details on this transaction.

ARX Equity Partners has acquired a majority stake in PROXY Holding a.s., the holding company of PROXY, a.s. and PROXY – AUDIT, s.r.o., a professional services provider in the Czech Republic, operating under the brand HLB PROXY. The investment builds on ARX prior experience in the accounting sector and represents its second platform investment in the sector in Central Europe.

Founded in 1991, HLB PROXY is a well-established tax, accounting, audit and payroll firm, especially for international customers, and the exclusive Czech partner of the international HLB network. With almost 80 employees, the company primarily serves subsidiaries of foreign entities across multiple industries. The company is strengthening its focus on the practical application of digitalization and artificial intelligence.

Long-term value creation requires stable teams and strong leadership, and the transaction is therefore built on continuity and long-term development, with a strong emphasis on preserving the firm’s culture, expertise and team. In line with this approach, the HLB PROXY‘s top management team Ditta Hlaváčková, Šárka Adámková, Jiří Kunst and Jiří Jindrák will continue in their leadership roles and as shareholders in partnership with ARX.

ARX will support HLB PROXY’s next phase of its organic growth as well as by pursuing selected add-on acquisitions and further strengthening its position as a client-focused advisory and audit platform in the Czech Republic.

Contacts:
Tomáš Lánský, lansky@arxequity.com

Sandberg Capital and ARX Equity Partners have jointly acquired a majority stake in Travelnode GmbH, the holding company of Phobs d.o.o., a leading SaaS technology provider for the hospitality sector in the Adriatic region.

Founded in 2004 and headquartered in Dubrovnik, Croatia, Phobs delivers innovative software solutions designed to drive revenue growth for hotels and campsites. With a client base managing over 3,500 properties, Phobs has built a robust market presence in the Adriatic region and maintains strong customer retention.

The investment will accelerate Phobs’ strategic growth initiatives, including expanding its product offerings. It will also enable geographic expansion and support acquisitions to further enhance its market position and capabilities.

Moving forward, existing owners will retain a minority stake in the Company and Mr. Miho Borkovic will continue to drive the further growth and development of the business in his role as CEO of the Company.

ARX Equity Partners (“ARX”), a leading lower mid-cap focused private equity firm operating in Central Europe, is pleased to announce the first close of its fifth fund, ARX CE V (the “Fund”), with total subscribed commitments of €78 million.

The Fund, which has a target of €100 million, will continue to execute ARX’s value creation strategy of investing in lower mid-cap SMEs in selected Central European countries and includes commitments from the European Investment Fund (“EIF”) and the European Bank for Reconstruction and Development (“EBRD”).To date, ARX has completed 33 platform investments and numerous add-on acquisitions during its 27-year operating history across the region.

ARX anticipates that the majority of the Fund will be deployed within the Czech Republic, where the firm has established itself as a trusted partner for succession-driven transactions. The Czech Republic possesses highly competitive, export-oriented precision manufacturing and engineering industries and the ARX team has a long and successful track-record of investing in the country.

The Fund will also complement its strong Czech focus with additional investments in neighbouring Central European countries that offer attractive investment environments. One example of a target geography is Slovenia, where over the past decade ARX has already completed five platform investments as well as several add-on acquisitions.

The sector strategy of the Fund will be consistent with ARX’s successful track-record, with a primary focus on B2B businesses operating in areas such as manufacturing and business services. This approach is in addition to select subsectors including healthcare, education and lifestyle services.

First close investors in the Fund include the EIF and EBRD in addition to other institutional investors, several family offices and private investors respectively.

WTS Klient completed its second complementary add-on acquisition on September 30, 2024, via the purchase of Hungarian business service and accounting group VGD Hungary (“VGD”). The acquisition of VGD has added further scale to WTS Klient, with combined 2024 sales exceeding € 15.0 million and 350 employees. ARX Equity Partners acquired WTS Klient in Q1 2022 and quickly augmented the HR and IT functions to facilitate the company’s internal capability to expand via acquisitions. The initial add-on acquisition (Finacont) was completed in mid-2023 and is now fully integrated into WTS Klient. The VGD integration process has been initiated, with a plan to relocate VGD employees to the WTS Klient Budapest Headquarters in November 2024.

WTS Klient is now the leading sector player on the Hungarian market, with 2025 sales expected to reach € 17.0 million.

ARX Equity Partners (“ARX”) completes the 100% sale of TES Vsetin s.r.o., a Czech electro-mechanical engineering company (“TES” or the ”Company”), to a private equity consortium. Financial terms of the transaction were not disclosed.

Headquartered in Vsetin, Czech Republic, TES (http://www.tes.cz) is an engineering company engaged primarily in the manufacturing of system components related to electrical machines, in addition to the design and manufacturing of its own proprietary electric machines, such as generators and electric motors. TES supplies critical components and machines to several blue-chip customers across various industries.

ARX acquired the business in 2019 from an affiliate of Advent International in a structure that immediately eliminated the company’s excessive indebtedness. This financial restructuring transaction facilitated an opportunity for the company to realise its potential, as the previously high level of financial leverage constrained development of the Company. As part of the transaction ARX partnered with the TES management team who led the further growth and evolution of the Company. The success of TES during the ARX holding period was underpinned by the Company‘s core engineering competencies and its ability to serve large and demanding blue-chip customers that are increasingly seeking reliable suppliers in the CEE region.

The successful TES investment builds on the deep ARX investment track-record in Central European engineering-driven manufacturing companies.

ARX Equity Partners (“ARX”) acquires a majority shareholding in DOORS d.o.o., a Slovenian manufacturer of premium residential front entry doors (“DOORS” or the “Company”). The financial terms of the transaction were not disclosed.

DOORS was founded in 2002 and since then has established its position as a fast growing premium front entry doors manufacturer, primarily serving the residential segment within the DACH region. DOORS produces several design lines based on natural and sustainable wood production and combinations of wood and aluminium. The Company’s customers consist of window manufacturers, wholesalers and specialised retailers in target markets of Austria, Germany, Switzerland and local Slovenia.

Following the acquisition, the two founders of the Company will retain significant minority stake in DOORS and will continue to drive the further growth and development of the business. The strategic focus of DOORS shall remain on premium quality product timely delivery to its customers, as well as organic growth supported by an extension of the existing production facility.

ARX Equity Partners (“ARX”) acquires majority stake in Brebeck Composite s.r.o., a Czech headquartered manufacturer of composite products from carbon fiber (“Brebeck” or the ”Company”).

Brebeck was founded in 2011 by Thomas Brebeck and Marcel Benda, in order to utilise Mr. Brebeck’s extensive track record and expertise in carbon fiber manufacturing in Germany over almost 20 years. Brebeck is now one of the leading European manufacturers of carbon fiber parts and components, used mainly in technically demanding motorsport activity and automotive applications.

In addition to its facility in Senov, Czech Republic, Brebeck also operates internationally through its wholly owned subsidiary in Deggendorf, Germany. The Company generates annual sales in excess of €10 million, with more than 160 employees. Brebeck’s customer base includes several prominent word-class players in the motorsport market, such as KTM AG, BMW AG, Porsche AG and Audi AG.

Moving forward, both founders will retain a significant minority stake in the Company and Mr. Brebeck will continue to drive the further growth and development of the business. The Company’s primary strategic focus will remain centered around servicing its blue-chip, anchor customers in the motorsport and automotive industries while also broadening its product offering to customers in the aerospace market.

ARX Equity Partners (“ARX”), a Central European lower-mid market private equity specialist, today announces the completion of the majority acquisition of Hungarian professional services company Klient Holding Kft, which is part of the WTS global network (“Klient Group”).

Klient Group is a Budapest based professional services firm providing outsourced accounting, payroll and tax services. Klient Group currently generates sales in the region of ~€ 5million with more than 120 employees, and is now a Top 10 accounting, payroll and tax services provider in Hungary, predominantly servicing local subsidiaries of large multinational companies.  

The financial terms of the deal agreement were not disclosed. ARX acquired the company from its founders and ARX agreed to partner with the company´s existing management team who will lead the future growth and development of the Company. Klient Group will use the capital invested by ARX to drive long-term growth initiatives, which include accelerating the development of its suite of service offerings, considerable investment into talent and technology and strategically expanding via organic growth and targeted mergers and acquisitions.