www.arxequity.com

ARX CEE III LP (“ARX III"), managed by ARX Equity Partners (“ARX") and Darby Converging Europe Fund III (SCS) SICAR (“DCEF III"), managed by Darby Private Equity (“Darby"), the private equity arm of Franklin Templeton Investments, together with experienced food industry executive Gerard Lenihan, have completed the buyout of Gramex 2000 Kft. Financial details of the transaction were not disclosed.

About Gramex:
Gramex (www.gramex2000.hu) is a leading Hungarian manufacturer and bottler of nonalcoholic beverages, providing high quality products under its own brands, as well as in partnership with strong local and international retailers and A-brand producers. ARX, Darby and Lenihan intend to grow Gramex in the coming years organically, via regional expansion. Among other previous executive roles, Lenihan was also the CEO in a private equity-backed management buyout in Hungary in 1996. “Gramex has grown sales dynamically over the past three years, exceeding the overall market trend, and we believe that Gramex can further leverage its reputation and service capabilities to grow in Hungary as well as internationally", said Lenihan.

About ARX:
ARX (www.arxequity.com) is an independent private equity investor that supports the growth of mid-sized companies in Central and Eastern Europe. The firm operates from offices in Bucharest, Budapest, Prague and Warsaw and its investor base is comprised of major institutional investors. The ARX family of funds is organized to make equity investments in the region, with a focus on later stage investments such as management buy-outs and buy-ins and industry consolidation transactions. For more information, please visit www.arxequity.com. Since 1997, ARX has completed more than 30 transactions in six Central and Eastern European countries. ARX III has previously made six investments in Poland and the Czech Republic.

Contacts:
ARX Equity Partners
Bela Lendvai Lintner
+36-1-302-9270
lintner@arxequity.com
Jacek Korpała
+48 22 850 99 60
korpala@arxequity.com