Arx makes 11.8x on €53m Vues trade sale

Arx sold the company in a deal worth €53m to NYSE-listed Moog, a global designer, manufacturer and integrator of precision control components and systems.

The divestment generated an overall 11.8x cash-on-cash return multiple and an IRR of more than 30%.  

The GP acquired a majority shareholding in Vues from retiring managers in 2006, with the intention of expanding the company's technical capabilities and to internationalise the business. Under the ownership of Arx, Vues established a sales office in Germany and expanded its production capacities.

Arx is currently investing from its fourth buyout fund, Arx CEE IV, which held a final close on €95m in October 2017.

Company
Founded in 1947 and headquartered in Brno, Vues is a producer of custom made electrical motors, servomotors and linear motors. It also operates its subsidiary VSM, based in Griesheim Germany, providing the sales of selected products from Vues in Austria, Germany and Switzerland.

Vues generated revenues of €30m in 2017, with 80% of its production exported globally.

People
Arx Equity Partners – Tomas Lansky (partner); Jaroslav Horak (chair).

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