Promotions within the investment team in Benelux, France and Germany.
Argos Wityu, an independent European investment fund, has promoted Pierre Cassignol and Tobias Kappis to the position of Investment Manager, and Skyler van Wezel to the position of Associate. The Argos team comprises 70 employees in its 7 European offices.
Groupe Pierre & Vacances – Center Parcs
Épisode #2
2023 Edition
Beyond reducing their climate impact, respondents foresee concrete economic opportunities from their transition (e.g., improving cost efficiency, addressing new markets, and benefiting from state support to modernize facilities and equipment). A vast majority of them even consider that the climate transition will trigger an immediate or long-term competitive advantage.
Mid-market Argos Index® 2nd quarter 2023
The Mid-market Argos Index® for the 2nd quarter of 2023, published by Argos Wityu, the independent European investment fund, and Epsilon Research, the online platform for the management of unlisted M&A transactions, is now available. Launched in 2006, this index tracks the valuations of eurozone private, mid-market companies in which a majority stake has been acquired during the last six months.
Argos Index® 2nd Quarter 2023
The Argos Index® is slightly up in Q2 2023 at 9.9x EBITDA and back to its Q4 2022 level. It is stable over the last 3 quarters, although below its last 5 years average of 10.2x, and 1.7x EBITDA lower than its Q2 2021 peak.
Argos Wityu to acquire TKH France, leading French provider of smart connectivity solutions and connectivity products.
The objectives are to accelerate growth in France and international expansion both organically and through build-ups, to increase digitalization, develop activities on selected markets bringing more value to customers and better address high potential trends as the Power over Ethernet (PoE).
Argos Index® 1st Quarter 2023
The Argos Index® is down 2% at 9.7x EBITDA in Q1 2023, a limited decline although it is its lowest level since the 1st semester 2020. Multiples paid by private equity funds and strategic buyers have both decreased.
Argos Index® 2023 年第 1 四半期
Argos Index®は2023年第1四半期に2%下落し、9.7x EBITDAとなった。緩やかな下落ではあるが、2020年上半期以降最低の水準に達している。プライベートエクイティファンドとストラテジックバイヤーの支払価格のマルチプルは共に下落している。
Agôn Electronics, a company supported by Argos Wityu, signed the agreement to acquire MIOS Elettronica, an Italian provider of customized and advanced solutions for the Railway industry.
This first acquisition enables Agôn Electronics to accelerate its international expansion and reinforce its expertise in the railway market. Argos Wityu invested in Agôn Electronics in February 2022, making it the third investment of its Fund VIII, which now includes six European SMEs.
The IPPC’s March 23 Climate Report… in a nutshell
The Intergovernmental Panel on Climate Change (IPCC) has just presented its 36-page summary of all the knowledge accumulated on climate change over the past 9 years. Many believe this report must be an inaccessible piece of scientific jargon. It is not! It certainly requires some attention, but you won’t waste your time if you take 2 hours to read these 36 pages (available through the link at the bottom of the newsletter).
