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ARX wraps up exit from Polish maker of sun shading systems

ARX Equity Partners Ltd. closed the divestment of its stake in Anwis Sp zoo, a Poland-based manufacturer of custom-designed sun shading systems, following regulatory approval.

The deal generated a 3.3x cash-on-cash return multiple and an internal rate of return of more than 30% for the central European private equity firm, which bought a majority stake in Anwis in 2014.

The buyer is German sun protection, plastics and engineering company WAREMA Renkhoff SE through its Novaco Invest GmbH subsidiary.