Realised portfolio

Bip

Italy Milan 
Sector: Services
Activity: Global management / Operational consulting specialized in business integration and innovation
Type: MBO
Exit: 2018

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Italy Milan I Turnover €75 M

May 2014
MBO

Fondée en 2003, BIP est une vraie success story.

Avec une très forte croissance, BIP opère dans les secteurs du conseil en systèmes d’information, data center et du cloud, des méthodologies et outils de « business alignement » ainsi que de la gestion de projets.

L’équipe dirigeante expérimentée de BIP et Argos Wityu ont pour objectif d’aider l’entreprise à se développer plus rapidement à l’international, à pénétrer de nouveaux marchés et à accéder à de nouvelles sources de financement, notamment le marché boursier.

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VDP

Italy Milan 
Sector: Fashion
Activity: Accessible luxury womenswear
Type: MBI
Exit: 2017

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Italy Carpi I Turnover €40 Mvdp_190x65

May 2013
MBI – Majority stake

Founded in 1984, Via delle Perle is based in Carpi (MO, Northern Italy) and designs, produces and distributes a premium total-look womenswear apparel (mainly knitwear);

In 2000, VDP launched its own brand Via Delle Perle that develops three collections:

VDP Collection, very refined and elaborated, for an elegant woman in every hour of the day;
VDP Club, a new concept of luxury casual wear, a true “gym-couture”;
VDP Beach, a luxury out-of-water collection.

Today, VDP collections are sold through multibrand stores (apx. 300 shops in Italy and 350 in foreign countries, like Russia, Middle East, China and France), 7 flagship stores (in Russia, Ucraina, China and Tenerife) with next openings in Jeddah.

The design and the development of the collections is internal and the production is totally Made in Italy.

In 2012, VDP registered sales for apx. 40 million Euro, with a strong International focus (over 60% of revenues comes from foreign countries).

Argos’ support aims to further consolidate its positioning, by strengthening the brand, and to expand VDP’s international presence.

 

 

Website

 

BMF

Switzerland Geneva
Sector: Mechanical Engineering
Activity: Machinery, Ropeways & Amusement Rides
Exit: 2017

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Switzerland Flums I Chiffre d’affaires 45 M€

Septembre 2011
OBO – Participation majoritaire

Située à Flums en Suisse, BMF (Bartholet Maschinenbau AG) est un des acteurs internationaux dans le domaine des remontées mécaniques et des infrastructures de parcs d’attraction.

Depuis près de 50 ans, Bartholet conçoit, produit et installe des remontées mécaniques et installations spécifiques dans le monde et notamment en France dans les stations de sports d’hiver Val Thorens, Les Arcs, Serre-Chevalier. Des années de recherche dans l’innovation et des investissements importants dans le développement de nouvelles technologies en ont fait un partenaire de choix pour sa clientèle internationale.

Fort de ses innovations techniques, le Groupe affiche une forte croissance ces dernières années, accompagnée d’une solide rentabilité. Afin d’accélérer son développement, le groupe et ses actionnaires ont souhaité s’associer à Argos Wityu, dont l’entrée permet au groupe d’une part, de renforcer sa structure financière et d’autre part d’accélérer son développement en donnant au groupe davantage de ressources tant financières qu’opérationnelles pour l’accompagner dans ses futurs projets. Cela passe notamment par le renforcement des équipes techniques et commerciales, par l’ouverture de filiales sur les marchés prioritaires. L’entrée au capital d’Argos Wityu a également permis au groupe de mettre en place des solutions de financement des projets à l’export.

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Dimar

Italy Milan
Sector: Food retail
Activity: Frozen fish retailer
Type: OBO
Exit: 2017

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Italy Corridonia I Turnover 50 M€

April 2011
OBO – Majority stake

 

 

Dimar, through the franchisee shop chain “Sapore di Mare”, is the Italian leader in the retail distribution of frozen seafood and food. There are more than 70 “Sapore di Mare” shops which are characterized by an innovative format that provides the customer with a very large range of high-quality seafood products, coming from all over the World and subject to very rigorous controls and HACCP protocols. The selling format combines the convenience, ease-to-use, reliability and safety of “on board frozen” seafood, with a shopping experience in a very appealing environment, characterized by an innovative design and aligned with the high quality of products sold.

The investment of Argos Wityu in Dimar is aimed at supporting a strong development plan that Dimar intends to pursue over the next five years. The common goal of the enlarged shareholder base is to increase revenues through the opening of 50 new Point of Sales.

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Misapor

 Switzerland 
Sector: Construction materials
Activity: Production and sale of foam glass granulate
Type: MBO
Exit: 2015

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 Switzerland Surava I Chiffre d’affaires 16,3 M€

Octobre 2009
MBO – Participation majoritaire

La société Misapor fabrique du verre cellulaire, un matériau de construction innovant produit à 98% à partir de verre recyclé. Fort de ces propriétés d’isolant thermique, combinées à sa légèreté, le produit Misapor est utilisé dans l’industrie du bâtiment pour l’isolation des sols, la préparation d’agrégats légers, la réalisation d’ensembles paysagers, et la production de ciment de faible poids fortement isolant.

Les produits de Misapor répondent donc à deux tendances mondiales majeures, le développement durable et les économies d’énergie.

En 2009, l’absence d’actionnaire majoritaire capable d’accompagner la société, dans un contexte de forte croissance et des nouveaux investissements, risque de bloquer le futur développement de la société. La transaction proposée par Argos Wityu a offert aux divers actionnaires la possibilité soit de se retirer en réalisant une plus-value, soit de poursuivre l’aventure en réinvestissant dans le nouvel actionnariat et en participant ainsi à la nouvelle phase d’expansion de Misapor.

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Natural Santé

Paris
Sector: Food retailing
Activity: Plants based food supplements
Type: BIMBO
Exit: 2017

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France Paris I Chiffre d’affaires 32 M€

Septembre 2013
BIMBO – Participation majoritaire

natural_distributionCréé il y a 25 ans par Jean et Maryse Estienne, le groupe Natural Santé développe et commercialise en pharmacies et magasins spécialisés, des produits d’origine naturelle à base de plantes. Focalisé sur les segments du bien-être et de la santé, le groupe a fait le choix de ne pas adresser les domaines de la beauté ou de la minceur. Le siège, l’équipe R&D et la plateforme logistique sont basés à Ashford (Royaume-Uni), le groupe compte au total 124 personnes et réalise un chiffre d’affaires d’environ 32m€.

La stratégie R&D est axée sur des produits dits complexes, combinant plusieurs plantes, vitamines et minéraux, et dans le strict respect de la qualité des ingrédients. Parmi les marques ombrelles du groupe, Santé Verte, distribuée exclusivement en pharmacies et parapharmacies, inclut des produits phares tels que Circulymphe, (circulation sanguine et lymphatique), Acti’Rub (affections hivernales) ou encore Somni’Phyt (troubles du sommeil).

L’équipe dirigeante, accompagnée par Argos Wityu, a pour objectif d’accélérer la croissance du groupe tant sur ses marchés actuels en pharmacies et magasins spécialisés que sur des marchés nouveaux, en particulier à l’export.

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Lexsi

France Paris
Sector: IT consulting
Activity: Information system security: audit, surveillance, consulting
Type: MBO
Exit: 2016

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France Paris I Chiffre d’affaires 13 M€

Septembre 2008
MBO – Participation majoritaire

LEXSI est un cabinet indépendant français spécialisé en sécurité informatique et gestion des risques. Créée en 1999, la société est dirigée par Pierre Polette, fondateur de XS Pôle Sécurité intégrée au Groupe Lexsi en 2007.

Axant sa stratégie sur l’innovation, sa singularité réside dans une alliance unique de technologies, de méthodes et de talents, pour préserver les intérêts de ses clients. Cabinet leader sur son marché, LEXSI est implanté à Paris, Lyon, Lille, Singapour et Montréal (Canada) et délivre ses prestations aussi bien en France qu’à l’international.

Avec 150 experts à la pointe du secteur de la sécurité informatique, LEXSI intervient à travers 4 pôles de compétences : Conseil, Audit, veille et lutte contre la cybercriminalité et formation SSI.

LEXSI est le partenaire de plus de 600 clients dans des secteurs variés et stratégiques comme la banque, la finance ou encore l’industrie… LEXSI est la plus importante équipe CERT (Computer Emergency Response Team) accréditée en Europe.

Website

Axyntis

Paris
Sector: Fine chemicals
Activity: Manufacture and sale of fine chemicals and dyes
Type: BIMBO
Exit: 2015

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France Paris I Chiffre d’affaires 77 M€axyntis_190x65

Juillet 2007
BIMBO – Participation majoritaire

 

image_axyntisLes divisions Chimie Fine et Colorants reprises à l’industriel Orgasynth ont été réunies au sein du groupe Axyntis (Active Synthesis). Fort de ces 339 salariés, Axyntis a réalisé en 2006 un chiffre d’affaires consolidé de 77 M€.
Le groupe Axyntis produit et commercialise au travers de sa division Chimie Fine (Orgapharm, Orgasynth Industrie, All’Chem, Centhexim), des intermédiaires de synthèse et des principes actifs pour l’industrie pharmaceutique, mais également des intermédiaires rentrant dans la constitution des cristaux liquides pour la chimie électronique. La division Chimie Fine a réalisé en 2006 un chiffre d’affaires de 54 M€.
Axyntis est également présent, via la société Steiner, dans le secteur des Colorants pour pétrole, papier, cuir, et textile. La division Colorants affiche en 2007 un Chiffre d’affaire de 23 m€.

 

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F2A

 Italy

Sector: Services
Activity: Business Services Outsourcing of Finance&Administration and Human Resources activities
Type: MBO
Entry: 2013

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Italy Milan I Chiffre d’affaires 50 M€

Janvier 2013
MBO – Participation majoritaire

Le groupe F2A est le premier acteur indépendant en Italie dans le secteur de l’externalisation des services de ressources humaines et de finance & administration.

Fondées il y a plus de 40 ans, ces deux entreprises ont su gagner des parts de marché et atteindre un taux élevé de satisfaction et de fidélisation des clients, grâce à la qualité et à la diversité de leur offre ainsi qu’à leur plateforme logicielle.

Antex est un partenaire capable d’accompagner ses clients à travers la croissance et le changement, d’analyser et de mettre en place aux côtés de son client et en fonction de ses besoins spécifiques, la solution la plus adaptée à la gestion et l’administration de ses ressources humaines.

FIS fournit des services d’externalisation de la comptabilité, trésorerie, contrôle de gestion et organisation interne depuis plus de 40 ans. Elle identifie les solutions qui permettront à ses clients de se concentrer sur leur cœur de métier et d’exploiter de façon optimale les ressources humaines internes.

L’investissement d’Argos Wityu a pour objectif de soutenir l’ambitieux plan de développement des entreprises FIS et Antex afin de leur permettre d’accélérer leur croissance organique et de rechercher des opportunités de croissance externe à la fois sur le marché italien et à l’international dans le reste de l’Europe et dans les pays méditerranéens.

 

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Cisbio

France France
Sector: Medical
Activity: In vitro diagnostics and pharmaceutical research
Type: MBO
Exit : 2015

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France Codolet I Chiffre d’affaires 35 M€

Novembre 2013
MBO – Participation majoritaire

Cisbio Bioassays, développe et commercialise des produits et des technologies utilisés dans le diagnostic in vitro humain et la recherche pharmaceutique. Forte de sa technologie HTRF, la société est leader en matière de méthodes de détection par fluorescence en milieu homogène et sur cette base, offre aux chercheurs des tests et des services de premier plan pour la découverte de médicaments.

De plus, la société propose une large gamme de dosages pour le diagnostic in vitro, principalement destinés aux pathologies cancéreuses, les maladies métaboliques et auto-immunes.

Basé à Codolet, France, Cisbio Bioassays dispose de filiales basées à Bedford, Etats-Unis et à Shanghai en Chine, et commercialise également l’ensemble de son offre au travers d’un réseau mondial de distributeurs. Le groupe emploie près de 200 personnes.

L’arrivée d’Argos Wityu marque une étape importante pour l’entreprise en lui ouvrant des perspectives de croissance stratégique et en lui permettant de renforcer sa position sur ses marchés.

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Marchegay

France Paris
Sector: Glass buildings, renewable energy
Activity: Greenhouses, garden centres, glass buildings and mounting systems for photovoltaic installations
Type: MBO
Exit : 2015

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France Luçon I Chiffre d’affaires 40 M€

Octobre 2011
MBO – Participation majoritaire

Fondée en 1948, Marchegay est aujourd’hui un acteur de référence dans la conception, construction et réalisation de bâtiments en verre, et plus spécifiquement de serres de production à destination des agriculteurs, autorités locales ou centres publics de recherche, et de jardineries dont il est le leader en France.

Dans le prolongement de son savoir-faire historique, la société s’est diversifiée dans le secteur du photovoltaïque où elle développe, fabrique et installe des systèmes de fixation et d’intégration pour tous types de panneaux photovoltaïques en toiture, à destination de bâtiments résidentiels, industriels, agricoles ou tertiaires.

Située à Luçon (85), la société a réalisé des projets dans plus de 30 pays et son chiffre d’affaires s’élève en 2011 à 40M€.

Les dirigeants de Marchegay ont souhaité s’associer à Argos Wityu afin de les accompagner dans le développement futur du groupe. La stratégie définie ensemble pour la société repose d’une part, sur le renforcement de sa place de leader sur le marché des serres et jardineries en France, d’autre part sur la poursuite de son développement à l’international notamment en Asie, et sur l’accélération de la croissance dans le domaine du photovoltaïque.

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Aytos

Ecija
Sector: Software publishing
Activity: Vertical software solutions for administration resource planning and e-administration for Spanish local authorities
Type: MBO
Exit: 2015

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langsp Ecija I Chiffre d’affaires 8 M€aytos_190x65

Mai 2013
Spin-off BIMBO – Participation majoritaire

Fondée en 1993, Aytos est le leader espagnol spécialisé dans le développement et l’implémentation des logiciels de gestion et d’administration électronique à destination des collectivités publiques locales. Reconnue pour sa gamme d’applications complète couvrant la totalité de la chaîne back-front office d’une collectivité locale et pour sa capacité d’innovation, Aytos apporte des solutions à des besoins nouveaux dont le concept de « Smart City ».

Employant plus de 100 personnes, Aytos est présente auprès de plus de 3 800 mairies dans 17 CCAA (communautés autonomes) et 52 provinces. Cette réussite est basée sur l’expérience de l’équipe et la parfaite connaissance des besoins des clients.

L’investissement des fonds Argos Wityu et des managers d’Aytos va permettre d’accélérer la croissance organique réalisée ces dernières années confortant ainsi la position de leader sur le marché espagnol, et de soutenir les objectifs de développement R&D, stratégique et une politique de croissance externe.

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Harlé Bickford Group

France Paris
Sector: Diversified conglomerate
Activity:  Pyrotechnics and radio communications
Type: MBO
Exit: 2015

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France Paris I Chiffre d’affaires 102 M€

Juillet 2007
MBO – Participation majoritaire

Le Groupe Harlé Bickford est un conglomérat diversifié dans le domaine de la pyrotechnie (sous le nom de Davey Bickford) et des radiocommunications (sous le nom de Jaybeam Wireless).
Spécialiste de l’initiation pyrotechnique depuis 1839, Davey Bickford opère, à partir de son site industriel de Héry (Yonne) via un réseau de distribution étendu (Europe, Afrique, Amériques et Australie), dans l’ensemble des champs connus du domaine :
– le secteur des Mines, Carrières, Travaux Publics et Exploration Sismique pour lequel Davey Bickford fournit des détonateurs et autres systèmes d’amorçage dont, notamment, une nouvelle génération de détonateurs électroniques dotés d’une technologie innovante et exclusive ;
– les activités Défense, Aéronautique et Sécurité avec plus de 900 références pour des clients prestigieux tant publics que privés, et dont les produits équipent jusqu’aux fusées Ariane ;
– le secteur Automobile avec des allumeurs pour les systèmes de sécurité passive (airbags et prétensionneurs de ceintures de sécurité).
Actif dans le secteur des radiocommunications, Jaybeam Wireless est un spécialiste mondial des antennes pour les réseaux de téléphonie mobile (2G, 3G, réseaux privés et militaires, etc.). Offrant une gamme de produits complète et à la pointe de l’innovation, notamment avec des antennes à faible impact environnemental, cette division met également l’accent sur la proximité et le service client à partir de ses trois sites de production : Amboise (France), Wellingborough (Royaume-Uni) et Hickory (Etats-Unis).

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Termoindustriale

Milan
Sector: Renewable energy
Activity:  Engineering of Liquid Biomass Energy Plants
Type: MBO
Exit: 2014

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Italy S.Vittoria d’Alba I Chiffre d’affaires 18 M€

Juin 2010
MBO – Participation majoritaire

Fondée en 1964, Termoindustriale est le leader dans la conception et la construction de centrales à énergies renouvelables de cogénération et trigénération de faible puissance (jusqu’à 9 MW) alimentées par l’huile végétale. le Groupe a constitué une offre « tout-en-un » pour ses clients incluant, en plus de la réalisation clé en mains de centrales de cogénération, la gestion du processus d’autorisation, la maintenance pluriannuelle des centrales et la fourniture du « pétrole vert ». Depuis plus de 10 ans, Termoindustriale a développé un solide savoir-faire à la fois dans l’énergie et dans l’industrie du verre.

A ce jour, Termoindustriale a réalisé 7 centrales et 3 sont actuellement en construction.

L’investissement d’Argos Wityu financera le fort développement attendu de l’activité. Argos Wityu mettra également à disposition son réseau international dans le but d’accélérer la croissance de la société et notamment au niveau européen.

Le groupe opère sur un secteur à fort potentiel notamment grâce aux objectifs de réduction des émissions de CO2 ainsi qu’à la volonté de l’Italie de réduire le poids de ses importations d’énergie et par là sa dépendance au pétrole et au gaz. Ceci, associé à une équipe de direction compétente et très impliquée ouvre la voie à une croissance significative de la société pour les années à venir.

Website

Orsyp

Paris
Sector: Software publishing
Activity: IT automation solutions
Type: MBO
Exit: 2014

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France Paris I Turnover €28 M

December 2007
MBO – Majority stake

In 20 years, the Orsyp Group has risen into the World Top 5 in the IT Operations space, and is among the leading 100 European software editors. With 12 branches worldwide, and 270 employees, Orsyp forecasts turnover of 28 M€ in 2007-08 from its two main activities : editing of the Dollar Universe software, a multi-platform job scheduler, and IT services through the ORSYP Consulting entity.

Since 1986, ORSYP has supplied unique know-how in the industrialisation of IT Operations in any type of environment (Mainframe, Open System, centralised, distributed). With more than 35 000 licences sold worldwide, Dollar Universe has become a reference in matters relating to IT automation processing.

In accompanying management in the acquisition of the Group through an MBO, Argos Wityu wishes to emphasise development of international activity and continue the efforts in R&D.

Website

Alkan

Paris
Sector: Aerospace, Defence
Activity: Design and assembly of ejection parts and systems for the aeronautics industry
Type: BIMBO
Exit: 2014

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France Valenton I Chiffre d’affaires 28 M€

Décembre 2007
BIMBO – Participation majoritaire

Créée en 1923, Alkan développe et produit des équipements destinés à l’industrie aéronautique de défense.
L’activité principale de la société est la conception de composants et de systèmes mécaniques complexes servant à emporter et/ou éjecter tous les accessoires amovibles des avions et hélicoptères : réservoirs de carburant, armes, caméras / appareils photo, bouées, etc. Les systèmes d’emport et d’éjection et les équipements terrestres, qui représentent 85 % des ventes, ont atteint €25 millions de chiffre d’affaires en 2006. Alkan assure le support de tous ses équipements auprès de ses clients et de ses utilisateurs finaux du monde entier. Le chiffre d’affaires d’Alkan, qui a doublé au cours des dix dernières années, est réalisé pour moitié en France et pour moitié à l’exportation.
La société participe aux principaux programmes aéronautiques mondiaux et fournit des équipements pour plus de 35 types de plateformes dans plus de 50 pays, y compris les Etats-Unis (Bell et Sikorsky, fabricants d’hélicoptères). Parmi ses clients figurent la Délégation Générale pour l’Armement française et les forces armées de nombreux pays étrangers ainsi que des firmes aéronautiques internationales (telles que Dassault Aviation, Airbus, BAE Systems, Embraer, Eurocopter, Sogerma, Bell, Sikorsky, Saab), et des grands systémiers de défense (THALES, EADS, SAFRAN, MBDA, etc.).

Website

Akanéa Développement

Paris
Sector: Software publishing
Activity: Vertical software solutions for transports, logistics, custom services and food insustry
Type: MBO
Exit: 2013

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France Limonest I Turnover €17,5 M

May 2013
Spin-off MBO – Majority stake

Present for more than 25 years alongside the professionals in its markets, Akanea Developpement is today major player in the development and distribution of industrialized software packages for the daily management of transport, logistics, customs services and the food industry.

Akanea Developpement’s objective is to remain as close as possible to its markets and its clients while favoring innovation and service.

Akanea Developpement’s management wished to partner with Argos Wityu funds to enable them to accelerate the growth of the group, by offering its clients up-to-date software products perfectly adapted to the challenges of each specific market : more and increasingly complex regulations, high traceability requirements,…

The company has 3 local agencies in Paris, Lyon and Toulouse.

Website

Groupe Roc-Eclerc

Paris
Sector: Funeral services
Activity: Funeral homes, sale of headstones, life insurance policies and franchise network
Type: MBI
Exit: 2012

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France Paris I Turnover €10 M

May 2005
MBI (Build up) – Majority satke

The Roc-Eclerc funeral brand name was created 20 years ago by Mr Michel Leclerc, who became famous in France during the late 80’s for breaking the monopoly of the municipalities in the organization of funeral services. This allowed the Roc-Eclerc brand to develop strongly and become today a national franchise network of 320 points of sales generating revenues of approximately € 130 million.

In order to acquire this franchise from Mr Leclerc, the Euroknights IV funds advised by Argos Wityu have partnered up with three recognized professionals from the French death care industry. The management’s goal is to further develop the brand and the network, by accelerating the opening of new points of sales in France, and preserving the founding values of the franchise.

The acquisition of the Roc-Eclerc franchise is the first step in a “build up” project in the highly fragmented French funeral services market dominated by PFG.

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Bellco

Milan
Sector: Medical
Activity: Medical equipment for renal care
Type: BIMBO
Exit: 2012

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Italy Mirandola I Turnover €100 M

December 2008
BIMBO – Majority stake

Created in 1972, BELLCO is among the European leaders in the development and sales of Renal Care medical devices.

Operating from its production sites in Mirandola (Italy) and Forquevaux (France) through a worldwide sales network, and active in all fields of kidney diseases, Bellco focuses on advanced therapies (HDF[HemoDiaFiltration], HF [HemoFiltration], CPFA [Coupled Plasma Filtration Adsorption], CRRT [Continuous Renal Replacement Therapies]) and relies on a strong relationship with European top nephrologists.

The goal of the transaction is to complete the complex carve-out from the listed Sorin group, and to stay focused on renal care, and in particular to give the group all the necessary support to grow and to become a key player in highly innovative therapies and machines.

Website

Buffet Crampon

Paris
Sector: Musical instruments
Activity: Design, manufacture and marketing of wind instruments
Type: MBO
Exit: 2012

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France Mantes-la-Ville I Turnover €47 M

June 2005
MBO – Majority stake

Buffet Crampon, established in Paris in 1825, is the world leader in clarinet manufacturing. Enjoying steady growth for the past fifteen years, the Company produces over 60.000 wind instruments each year under its own brand, generating sales of €47m, most of them through export.

After being for many years a subsidiary of large groups managing portfolios of music related brands, Buffet Crampon regained its independence through a MBO arranged by Argos Wityu and led by its management. The transaction will allow the Company to fully control the distribution of its own brand through the acquisition of the US and Japanese commercial subsidiaries.

180 years after its creation, the Company obtained the resources it needed to re-develop its product offering leveraging on its world-famous brand, its know-how and on the newly gained control over its worldwide distribution channels.

Websitet

Sitour

Paris
Sector: Merchandising
Activity: Design and marketing point of purchase displays
Type: MBO
Exit: 2011

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France Argenteuil I Turnover €30 M

May 2006
MBO – Majority stake

Since 1967 Sitour has evolved, through its different acquisitions, towards the business of point-of-sale communication and become a leading actor in France and in Europe. Today, the Group employs more than 180 people and has a turnover of 30 M€ (2005).

Founding shareholder in SES (till 2004), one of the world leaders in electronic signing for display units (gondolas), Sitour is recognised as a leading European suppliers of accessories for electronic labelling. The innovative ELECTROLINE range originated with SITOUR.

Together with its “e-pop” (European Point of Purchase) marketing concept, the Group is developing a network of highly active partners which will reinforce its European presence. Led by a young and experienced management team, Sitour adapts its offer to the needs of its customers and regularly proposes ranges of more and more innovative dramatisation products and merchandising accessories.

Website

Mertz

Paris
Sector: Transport
Activity: Road transportation of hydrocarbons and contenairs
Type: MBI
Exit: 2011

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France Pont l’Évêque I Turnover €43 M

January 2008
MBI – Majority stake

The Mertz Group is a family-owned business founded in 1944 and currently run by the second generation specialising in the road transport of shipping containers and the road transport of dangerous products, mainly active in the Western part of France. With about 400 employees and 300 tractors, Mertz posted revenues in 2007 of about ??43 M. While Mertz S.A. is considered a leading player on the market for road transport of petroleum products and other dangerous products.

Mertz Conteneurs, which was acquired in 2006 by IGF Capital Retournement, is active on the market for road transport of shipping containers from its base in the port of Le Havre.

Website

Marie-Laure PLV

Paris
Sector: Point-of-sale advertising
Activity : Design engineering and production of multi-media point-of-sale advertising for cosmetics and luxury goods clients
Type: BIMBO
Exit: 2011

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France Paris I Turnover €45 M

November 2007
BIMBO – Majority stake

Marie Laure PLV, which will post revenues in 2007 of about €45 M, is one of the leaders in France in Point of Sale Advertising, with a presence on the market for temporary products as well as permanent products. The group is particularly strong in the luxury goods, cosmetics and automobile sectors, giving it strong potential for growth in other sectors in France and throughout Europe.Marie Laure PLV has built its business over the past 25 years by providing a global solution for its customers : from creation studies and engineering, to the production of multi-material display products including plastics, cardboard and metal.

Website

Chef

Milan
Sector: Processed food distribution
Activity: Food distribution to professionals (hotels, restaurants, local authorities)
Type: MBI
Exit: 2010

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Italy Milan I Turnover €35 M

April 2005
MBI – Majority stake

CH&F (Catering Hotelerie & Foodservice S.p.A.) is an Italian company specialized in foodservice distribution dedicated to the Ho.Re.Ca. (hotels, restaurants & catering) segment.

This “buy and build” project aims at creating the leading foodservice distribution group in northern Italy and a leading company in the overall Italian hotel and catering sector.

The rapidly growing Italian foodservice market is still very much fragmented with more than 2.000 small competitors and the leader, Marr, having just over 6% of the overall market.

The management team will be supporting the management teams of the acquired companies with the aim to develop synergies, build a brand and identify common growth strategies.

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Kagi

Switzerland
Sector: Food processing
Activity: Wafer and biscuits specialties
Type: MBO
Exit: 2010

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Switzerland Lichtensteig I Turnover €20 M

May 2008
MBO – Majority stake

In May 2008, Argos Wityu acquired the company Kägi Söhne AG from Valora, a Swiss group active in the distribution of consumer goods, which, within its strategy of focusing on its core activities, divested its production companies.

With this transaction, Argos Wityu, together with the management of the company, acquired a landmark of the Swiss economic landscape. Founded in 1934, Kägi Söhne AG is a well-known producer of wafers and biscuits based in Lichtensteig, in the heart of the region of Toggenburg, Switzerland.

The products, sold under various brand names such as “Kägi-Fret” or “Toggenburger Butterbiscuits,” are well known throughout Switzerland. Some years ago, the company also introduced its specialities abroad with great success. Its entrenchment in Toggenburg, its history, and its respect of traditional recipes ensures its presence as a real trademark in Switzerland.

Argos Wityu is convinced that the separation from Valora frees up hidden potential and new energy. We will accompany management in its development projects for new markets and product innovations.

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Dinno Santé

France
Sector: Health
Activity: Provision of home services to diabetic patients
Type: MBI
Exit: 2010

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France Bussy Saint Georges I Turnover €16 M

April 2007
MBI – Majority stake

Dinno Santé is a French pioneer in insulin pump therapy related services for diabetics. Its services include renting insulin pumps, providing the consumables and therapeutic education and technical training, plus a service line that is available 24/24, 7/7.

Insulin pump therapy consists of a pager size device that delivers insulin to the body around the clock, much like a healthy pancreas. Insulin is delivered continually, thus offering a better balance of glucose than multiple daily injections. Studies show that patients treated this way have a better quality of life and suffer less frequently from hypoglycemic comas. Insulin pumps can also be used on diabetic new -borns and children, who need low dosage levels.

The company also sells glucose monitoring products. Dinno Santé has a network of educators and nurses throughout France, who have all received technical and therapeutic training. Dinno Santé has revenues of 12 million euros and employs a team of 80.

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Sparco

Italie
Sector: Consumer goods
Activity: Clothing and accessories for professional motor racing
Type: BIMBO
Exit: 2009

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Italy Borgaro (Turin) I Turnover €52 M

Juli 2002
BIMBO – Majority Stake

Sparco is the worldwide key player in the car racing motor sport professional clothing and accessories market. All along its history, Sparco has achieved a great popularity among its customers with particular regard to fireproof racing suits, car seats, gloves etc. as well as their respect and trust being its brand recognized as a symbol of experience, passion and security.

Sparco’s new management target is to drive the Company to consolidate its leadership in the markets in which it is currently operating and to develop its turnover in new geographic markets as well as in new adjacent businesses (including motorbike racing).

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Groupe ORS

Switzerland
Sector: Local government services
Activity: Management of local reception centres for refugees
Type: MBO
Exit: 2009

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Switzerland Zürich I Turnover €26 M

May 2005
MBO – Majority stake

Established in the beginning of the 1990s, ORS Group is a leading provider of specialized personnel outsourcing services to Swiss and international customers. The group operates in the following areas:

  • complete outsourcing solutions to Swiss public authorities (the Confederation, the Cantons and the Municipalities) for the management of asylum seeker and refugee centres;
  • management of the asylum seekers’ welfare contribution system on behalf of the Swiss Confederation;
  • recruitment, training and employment services for international tour-operators.

Based on a long-term relationship with its customers, management is willing to further increase the company’s presence in its different areas of activity.

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GPP

Italy
Sector: Packaging
Activity: Packaging for the luxury goods and mass retail sector
Type: MBI
Exit: 2008

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Italy Milan I Turnover €45 M

2008
MBI – Majority stake

GPP Industrie Grafiche designs and produces packages with complex functional structures, sophisticated graphic performances and high visual appeal features. The Company is valued for its capacity to combine the marketing and promotional needs of high end products with mass production volumes required for fast moving consumer goods.

Through its partner company, OSG Hungary (operating in the billboards & visual communication business), and with the affiliated group, Draeger, in France (operating in the top-end luxury packages for the cosmetics and perfumery industry) the group can offer its clients (which include brands such as Nivea, Cristian Lacroix, Paco Rabanne, Burberry, Johnnie Walker, L’Oreal, etc.) a vast number of products over an expansive geographic region.

New management team, who has a vast experience in the sector, wants to leverage on GPP’s existing resources and know-how to further strengthen its key success factors: product innovation, service and international vision”.

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Kermel

France
Sector: Chemicals
Activity: Manufacture and distribution of meta-aramid fibres
Type: SPIN-OFF
Exit: 2007

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France Colmar I Turnover €21 M

2007
Spin off – Majority stake

KERMEL manufactures and distributes high-performance fibers. The Company is a leader in Europe in the meta-aramid fibres market used in heat- and flame-resistant protective clothing.

The fibre Kermel® is used in fire fighters’ turn-out gears and station wears, special uniforms for military pilots and tank forces, operational uniforms for the police force, and work clothing in high-risk industries (petro-chemical, iron and steel, glassworks, electrical, …).

With its new Kermel® Tech fibre, the Company is extending its business to new technical applications for the industrial sector, in particular to the manufacture of hot gas filters, electrical insulation papers or printed circuits.

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Dorotennis

France
Sector: Consumer goods
Activity: Women’s clothing, accessories and shoes
Type: MBO
Exit: 2007

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France Boulogne-Billancourt I Turnover €22 M

2007
MBO – Majority stake

Euroknights IV acquired a majority stake in DOROTENNIS from Fila in December 2000. DOROTENNIS creates, designs and sells sport and leisure apparel, footwear and accessories for both ladies and girls. It is the only significant sportswear brand in France dedicated to women. DOROTENNIS’ clothes are multifunctional, i.e. for leisure and sport, with an element of fashion in their design. The style positioning is “nice and somewhat sexy”, which makes it very different from the “sweat and performance” positioning of the sport-apparel leaders.Areas for future development and diversification exist in new product ranges, and in the development of corners in France . There is also potential for export sales in Europe and Japan . The company is managed by Isabelle de Bardies who has headed the company since 1991, when a first MBO with Argos Wityu was successfully completed.

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Maillefer

Switzerland
Sector: Capital goods
Activity:  Manufacture of copper communications cables, electrical wires and cables and plastic tubing
Type: SPIN-OFF
Exit: 2007

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Switzerland Ecublens I Turnover €72 M

2007 Spin-off
(Spin-off acquisition with management from Nextrom)

Maillefer is the world leader in manufacturing solutions and production systems for copper communication cables and energy wires and cables. It also produces systems for plastic pipes.

The company is headquartered in Ecublens, Switzerland and has an office in Vantaa, Finland. Sales offices are based in Canada, Russia, Brazil and China. The business employs some 280 people.

Maillefer was created out of a spin off from Nextrom, a Swiss listed company, partially owned by Nokia. Nextrom concentrates on its fibre-optics business where it is experiencing exceptional growth. The Nokia-Maillefer name is very well known within the industry and the business has an excellent reputation for quality, performance and reliability.

Maillefer’s strategy is:

  • to maintain its leading position in metallic wire and cable where the market is mature and to continue to develop its presence in the pipe market;
  • to implement an out-sourcing plan exchanging fixed costs for variable costs, and to reduce costs across all areas;
  • the transition from a manufacturing business to a design, engineering and service company

The management team is made up of five individuals, led by Pentti Hatala, who together have 54 years of service in the company.

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Apamilux

Portugal
Sector: Industrial goods
Activity: Design and, installation and maintenance of luminous signs
Type: MBO
Exit: 2007

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Portugal-icon Apamilux I Turnover €19M

2006
MBO– Participation majoritaire

Apamilux est l’un des leaders portugais de la production, conception, installation et maintenance de produits de signalisation lumineuse. La société travaille essentiellement pour de grands groupes, dans les secteurs de la banque- assurance, des compagnies pétrolières, des groupes de distribution, des services de poste et télécommunications notamment.
Outre son activité traditionnelle, la société a acquis un savoir-faire dans l’intégration de produits d’image tant pour l’intérieur que l’extérieur avec la signature de projets de façades et de mobilier d’intérieur, dans une stratégie d’offre globale pour ses clients.
La société a développé un programme intégré qui comprend la conception, le design, la production et l’assemblage d’un package complet, où l’apport du design et du merchandising institutionnel est essentiel.
Dans cette optique, tous les éléments visuels des points de vente suivent les impératifs de la publicité et de l’image comme c’est le cas des étagères d’exposition, des meubles, armoires, tables, panneaux intérieurs et autres types de mobilier d’intérieur ou d’extérieur.
L’équipe de management, dont l’expérience est unique dans le secteur, poursuit son plan de développement incluant une augmentation de la capacité de production.

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Oxbow

France
Sector: Diversified conglomerate
Activity: Sports clothing and accessories : surfing, snowboarding, etc.
Type: MBO
Exit: 2005

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France Mérignac I Turnover €60 M

December 2003
MBO – Majority stake

Established in 1985, Oxbow designs and sells a range of outdoor clothing and accessories under its own brand. Its collections are inspired by the world of board sports : surf, snowboard,… The company also signed manufacturing and distribution licensing agreements for several product categories: motocross, watches, luggage, and footwear. Oxbow’s positioning lies in a combination of comfortable and quality products with an active and nature-lover image, which has allowed Oxbow to become one of the top European brands in the surfwear industry.

Managed by an enthusiastic and experienced management team, Oxbow is willing to focus on two main targets in the years to come: further increase its international presence, mostly in Europe , and expand its distribution channels by opening several company-owned retail stores. In July 2004, Oxbow was floated on Paris’ Euronext market, allowing the Company to accelerate the implementation of its growth strategy.

In May 2005, the stake in Oxbow is sold to French outdoor leader Lafuma, thus completing its outdoor offering with a new Boardriding division.

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Saime

France
Sector: Medical
Activity: Design and marketing of ventilators to treat sick patients
Type: BIMBO
Exit: 2004

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France Turnover €21 M

2004
BIMBO – Majority stake

In May 2002, Argos Wityu backed the € 25 million management buy-in of Saime, a manufacturer of speciality medical products, from the Company’s founder and owner.

Founded in 1984, Saime is a French company designing, manufacturing and distributing speciality medical products for patients with respiratory diseases. Saime is the market leader in France in the development of respiratory equipment to treat patients with severe chronic respiratory diseases such as emphysema at home, but at the time of acquisition, had minimal market share outside of France . The Company’s range of ventilators is used essentially for at-home treatment, but also, to a limited extent, in specialised services such as pneumology, reanimation and post-operative care.

Argos Wityu introduced a new CEO to replace the company’s founder and owner. Together Argos Wityu and the buy-in team implemented a new strategic plan allowing management to grow sales and develop market share outside of France .

A limited auction process was begun in early 2004. Despite the trade interest, the financial buyers were most attracted by the growth potential of the business and provided the most simple acquisition structures. Saime was sold in June 2004 to Barclays Private Equity.

Italmatch Chemicals

Italy
Sector: Chemicals
Activity: Specialist in chemical products in fields of additives for lubricants, extraction, agro-chemicals and fire-resistant products
Type: MBO
Exit: 2004

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Italy Italyitalmatch_chemicals_logo

2004
MB0 – Majority stake

Italmatch Chemicals was acquired in December 2000 in a € 26 million management buy out arranged by Argos Wityu.

Italmatch is a phosphorus derivatives chemicals company based in Genoa with a manufacturing plant in Spoleto ( Umbria , central Italy ). Founded in 1929, it has developed a leading position in its markets in Europe , specifically phosphorus pentasulphide (additives for lubricants), phosphorus sesquisulphide (used in mining and agrochemicals), and red phosphorus (used in pyrotechnics and flame retardants).

While phosphorus pentasulphide products still make up almost 50% of sales for the company, Italmatch’s growth is driven from the flame retardant products which have an advantage over traditional halogen based flame retardants in that they do not produce toxic gases when burnt and are recyclable.

Together with management, Argos Wityu developed a strategic plan to grow Italmatch organically by consolidating its position in the lube oil additives market, and developing the phosphorus based flame retardants business in Europe and the US . A joint venture with a Chinese red phosphorus producer was planned to ensure the supply of Italmatch’s core material.

In 2003 the decision was taken to put the company up for sale and to take advantage of the on-going consolidation in the sector. Despite interest from the trade, Italmatch was sold in June 2004 to a secondary buy-out arranged by Investindustrial, an Italian financial investor.

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Eau écarlate

France
Sector: Consumer goods
Activity: Brand of stain removers and cleaning products
Type: MBI
Exit: 2001

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France Franceeau_ecarlate_logo

2001
MBI– Majority stake

Eau Ecarlate is a highly recognized brand for a group of stain removers and other cleaning products distributed primarily in France . The company was acquired through a € 59 million management buy-in. Argos Wityu and the company’s new management team implemented a strategy based on the company’s track record in new product development, its strong brand recognition and the potential for internationalization of the brand. The quick market penetration of the new products as well as the development of foreign markets with the help of Argos Wityu’s Southern European network, immediately generated strong sales and profitability growth. The company was sold to another private equity house in December 2001.

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Pantex

Italy
Sector: Unwoven textiles
Activity: Female hygiene products nappies and incontinence products
Type: BIMBO
Exit: 2009

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Italy Sulmona I Turnover €27 Mpantex_logo

July 2004
BIMBO – Majority stake

Established at the beginning of the ‘80s, Pantex is specialized in the development of the new thermo-bonding technology associated with the lamination and perforation of composite materials. Recently, the Company has started the production of new solutions like perforated and laminated nonwovens, specifically targeted for the personal care market, thanks to new patented technologies developed by Pantex’s R&D department.

The new product is mainly used as “topsheet” (the absorbent layer directly in contact with the skin) for hygiene absorbents, diapers and pants and for adult incontinences’ applications.

Pantex patents are the results of a continuous research in the lamination and perforation technology of composite materials; this has given the opportunity to gain a worldwide leadership in its market niche and to be a partner-supplier of international companies such as Procter&Gamble, Kimberly-Clark or SCA.

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