Arx reaps 4.1x on Tomplast exit

The deal comes nine years after the GP acquired Tomplast, and sees Arx reap a 20% IRR on its initial €20m investment. Arx took majority ownership of Tomplast in July 2007, following a succession-driven buyout from the founding family.

The original Tomplast MBO was financed with capital from the GP's DBG Eastern Europe II vehicle, a 2003-vintage fund with €67.2m of commitments.

Arkas Corporate Finance facilitated the exit through a limited sell-side process, working alongside Arx partner Tomáš Lánský and managing partner Brian Wardrop.

Under the GP's ownership, the company completed the bolt-on of Unitplast and switched focus to the automotive components vertical. According to Arx, Tomplast's revenues grew more than threefold during its ownership period, from €13m in 2007 to a turnover in excess of €40m last year.

Company
Headquartered in Mirna, Tomplast is a producer of plastic components for industries including the automotive, leisure, electric tools, furniture and electronics sectors, among others. Its clients include Audi, BMW and Peugeot.

Tomplast had sales of €40m in 2015 and employs a staff of 300.

People
Arx Equity Partners – Brian Wardrop (managing partner); Tomáš Lánský (partner).

Advisers
Equity – Arkas Corporate Finance (M&A); Ulcar & Partners (legal).
Acquirer – White & Case (legal).

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