ARX Equity Partners, a private equity fund manager focused on mid-sized companies in Central Europe, has agreed to acquire Czech Republic-based baby fruit desserts and fruit drinks producer Nutricia Deva from France-based food company Danone Group. ARX will invest through its fourth private equity fund alongside food industry entrepreneur Keith Dilworth. As part of the transaction, Deva will continue to manufacture baby food desserts under the Danone brands. Financial details of the transaction were not disclosed.