ARX reaches €102m

ARX Private Equity Partners, formerly known as DBG Eastern Europe, has completed the second close of its third fund, ARX III, on €102m.

The firm began fundraising in early 2008 and held an €83 million first close in October, with a final target of €125m.

ARX III focuses on succession driven buyouts in the Central and Eastern European lower mid-market and its investors comprise of blue-chip financial institutions. Its typical equity investments in the fund range from €3-15m per transaction, with deal enterprise values ranging between €10-50m.