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ARX Equity Partners to buy Deva from Danone Group

ARX Equity Partners has agreed to buy Nutricia Deva, which does business as Deva, from Danone Group. Financial terms weren’t announced. Deva, of the Czech Republic, produces baby fruit desserts and fruit drinks. Keith Dilworth, a food industry entrepreneur, is also investing.


ARX Equity Partners (“ARX”) together with experienced food industry entrepreneur Keith

Dilworth entered into a binding agreement relating to the acquisition of Nutricia Deva a.s.

(“Deva”) from Danone Group.

Deva is a Czech Republic based producer of baby fruit desserts and fruit drinks, with total

annual capacity of 24,000 tons, and also holds bio and organic certifications.

ARX together with Keith Dilworth committed to acquire Deva with the aim to expand the

existing business via further organic growth and to use the company as a platform to acquire

complementary add-on acquisitions. As part of the transaction, Deva will enter into a

manufacturing contract and will continue to manufacture baby food desserts under the

Danone brands.

“I am excited to team up with ARX and acquire such a high-quality company and we look

forward to continuing a production partnership with the Danone Group. We are convinced

that Deva is well-positioned to leverage its strong asset base, technical know-how and skilled

employees, in order to acquire new customers in the future.” says Keith Dilworth, who has

been named CEO of Deva.

The acquisition of Deva will be the first investment made from the fourth ARX Equity

Partners managed private equity fund.

Financial details of the transaction will not be disclosed.


About ARX (

ARX Equity Partners is a lower mid-market focused private equity firm targeting investments

in select countries of Central Europe. The ARX family of funds focuses on later stage

investments, such as management buy-outs and buy-ins and industry consolidation

transactions. The firm is headquartered in Prague.