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17 January 20232 minute read

DLA Piper advises Avallon MBO on investment in TES Vsetín

DLA Piper law firm advised Avallon MBO, on its investment in TES Vsetín, a Czech company that manufactures electrical machinery and related system components. Avallon MBO’s investment in Tes Vsetín is made jointly with Genesis Capital, a private equity fund offering financing to small and medium-sized companies in the Czech Republic, Slovakia, Poland, Hungary and Austria.

Avallon MBO has been involved in equity investments for 25 years. The fund is an experienced pioneer of the management buyout market in Poland. It has participated in more than a hundred transactions, and the total value of funds it has raised for investment purposes is more than EUR300 million. Currently, Avallon's MBO portfolio includes seven other companies: Marketplanet, EDC Expert, Wosana, Clovin, Norlys, Hortimex and Globema.

The partnership with the two renowned private equity investors makes TES Vsetín a leader in the field of electrical machinery, as well as a response to the growing global demand for renewable electricity. Previously, the company grew under the leadership of ARX Equity Partners. The transaction is expected to close in February 2023, following approval by the Czech antitrust authority.

On behalf of DLA Piper, the transaction was led by Piotr Miller with support from Michał Sowiński and Jakub Niemiec.

We would like to thank Avallon MBO for the trust they placed in us during the project. This is the second transaction in which DLA Piper advised Avallon MBO during the last twelve months – in August 2022 Avallon MBO completed a successful exit from Stangl Technik Holding.