Following approval by regulatory authorities, ARX Equity Partners (ARX) has completed the exit of its investment in Anwis, a Polish manufacturer of internal and external custom-made sun shading systems.
The buyer is Novaco Invest, a subsidiary of Warema Renkhoff.
The ARX investment into ANWIS has generated an overall 3.3x cash-on-cash return multiple and an IRR of over 30 per cent.
ARX acquired a majority shareholding in ANWIS from the retiring founder in late 2014, with the intention to leverage the company’s technical capabilities, strong domestic market position, wide product range and advanced internet-based ordering solutions in order to grow and internationalise the business. This strategy positioned the company to benefit from the fast growth of the e-commerce sector in key export markets including Germany and the Netherlands. Over the past five years, ANWIS has retained its profit margins, while consistently growing sales and more than doubling workforce headcount.
Jacek Korpala, Co-Managing Partner at ARX (CEE III), says: “The success of ANWIS reaffirms the efficiency of Polish manufacturing operations, its technical and internet capabilities and the quality of custom-made products, which were collectively instrumental in the company’s impressive expansion in the fast growing e- commerce sector in demanding Western European markets.”
Zenon Dąbrowski, Director at ARX, says: “During the period under ARX ownership, ANWIS improved efficiency, renewed its product portfolio, modernised production capabilities and entered the Benelux and German e- commerce channels. ANWIS is already experiencing another strong year in sales and has a broad pipeline of development projects planned for the next few years.”