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ARX Equity, Capital Dynamics back Czech financial adviser Fincentrum

31 Jan 2013

CEE-based ARX Equity Partners and Swiss-headquartered Capital Dynamics have agreed to invest in invest in Czech financial website Fincentrum in a deal that values the company above CZK1bn (€39m).

Company founders Martin Nejedlý and Petr Stuchlík will continue to hold significant equity stakes in the company, and will continue to manage and develop it.

“At a time when other firms recruited young temps, Fincentrum bet on a high quality of advice and on experienced and mature financial advisers who had pursued, and still pursue, financial advisory services on a full-time basis. We have changed the market of financial advice in the Czech Republic and Slovakia and we have inspired the new players on the market. Renowned and experienced investors buying into Fincentrum will accelerate its growth. By 2017, we want to be number one in terms of quality and volume of financial advice in the two countries,” said Stuchlík.

An important element of the transaction is the introduction of an attractive shareholding scheme for the financial advisers. Under this scheme, top advisers will be awarded up to seven percent of the company in 2013 and additional options will be granted in the years to follow.

ARX Equity Partners has made 30 investments in the CEE region. Investments include household care manufacturer Bochemie, and optician chain Lexum.

Fincentrum is Capital Dynamics’ first direct investment in the Central and Eastern European region.

AltAssets recently reported that Arx Equity is in the process of selling Czech electric motors business Vues, a sale that will return cash to its investors as it gears up for the launch of its second independent fund since spinning out of DBAG.

http://www.altassets.net/private-equity-news/by-news-type/deal-news/deutsche-beteiligungs-spin-off-arx-equity-prepares-sale-of-vues.html

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