Arx Equity Partners holds first closing on Arx CEE III

Arx Central and Eastern Europe III Fund L.P., the third CEE fund from Arx Equity Parnters, held its first closing with EUR 83 million. The largest commitments came from the European Bank for Reconstruction and Development (EBRD) and the European Investment Fund. The final close for the fund is targeted at EUR 125 million.

Arx CEE III is the successor to DGB Eastern Europe II L.P. after the company rebranded in 2008. The fund is designed to target transactions of EUR 3 to 15 million in equity investments. Arx CEE III is a Jersey limited partnership and will follow all environmental and economic procedures as laid out by the EBRD.

Arx Equity (www.arxequity.com)
Private equity firm Arx focuses on the CEE market, making equity investments into later stage companies. The company was formerly known as DGB Eastern Europe until its independence from Deutsche Bank. It specializes in buy-outs and expansion practices, with many major institutional investors comprising its investor base.

Arx operates offices in Warsaw, Prague, Budapest and Bucharest.