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Argos Wityu acquires Monviso, an Italian premium dry bakery manufacturer, from Cerea Partners and CAPZA.

Argos Wityu, an independent pan-European investment group, has acquired Monviso, an Italian premium dry bakery manufacturer, from Cerea Partners, an independent private equity firm, and CAPZA, a leading player in private investments in European SMEs. This acquisition marks the ninth investment by Argos Wityu’s Mid-Market VIII fund.

With approximately 90 years of expertise in the dry bakery industry, Monviso is a manufacturer of premium, gourmet, and healthy dry bakery products (including rusks, biscuits, and bread substitutes) based in Northern Italy.

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Mid-market Argos Index® for the third quarter of 2024

The mid-market Argos Index® for the third quarter of 2024, 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 unlisted eurozone SMEs in which a majority stake has been acquired during the last six months.

“In the third quarter of 2024, acquisition prices for unlisted eurozone SMEs rose to 9.5x EBITDA. The index was boosted by a progressive recovery in M&A activity and a rebound in LBO transactions in the mid-market (between €15 million and €500 million). Higher prices were driven by the availability of capital and improved funding conditions, against the backdrop of a rapid fall in inflation that prompted the ECB to start a rate-cutting cycle. However, the process is a gradual one because of the major geopolitical uncertainties that remain in place, along with the eurozone’s weak economic growth,” said Louis Godron, Chair of Argos Wityu.

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Argos Wityu acquires Lavatio GmbH, a leading German B2B textile rental and laundry service provider

The European independent private equity firm Argos Wityu, through its Argos Climate Action fund (Article 9 SFDR), has signed an agreement to acquire a majority stake in Lavatio GmbH from funds advised by Ufenau Capital Partners. The transaction is expected to close by the end of the year.

Lavatio, headquartered in Hünfeld, Germany, provides textile rental and laundry services to more than 2,200 active customers in the hotel, restaurant and catering as well as healthcare and workwear segments in Germany and Switzerland.

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Schenk - Argos Wityu

Schenk Tanktransport, a company supported by Argos Wityu,acquires Suttons Tankers Ltd.

Schenk Tanktransport, one of the leading tank transport companies in Northwest Europe, announces the acquisition of Suttons Tankers, an English road tanker logistics provider. This acquisition holds significant strategic importance for Schenk, as it expands the company’s European footprint and further reinforces its service offering.

With this acquisition, Schenk increases its revenues and employees by almost 50% reaching 440M€ and 2,600 employees. It operates a fleet of more than 1,450 tractor units, 1,300 owned trailers and 1,000 tank containers.

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Argos Wityu signed an Agreement to sell Fulgard to Seven2.

Argos Wityu, an independent pan-European investment group, has signed an Agreement to sell Fulgard to Seven2, an independent private equity firm. The Fulgard group is majority-owned by the Argos Mid-Market VII fund.

The deal is expected to be completed by the end of 2024.

Fulgard is a leading provider of integrated services focused on the safety, health, and well-being of its clients’ workforce. The company operates across two main business units: (i) Fire and Protection, offering fire safety maintenance, installation services, and machine protection solutions; and (ii) Soft Services, providing mandatory and non-mandatory training, consulting, and occupational health services. With headquarters in Vicenza and 7 operating offices across Italy, Fulgard has more than 13k clients and is expected to generate revenue of over €117 million in 2024 and EBITDA of c. €22 million. Fulgard employs more than 400 people.

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SWEN Capital Partners co-invests with Argos Climate Action Fund in Groupe Routin, a French manufacturer of high-end syrups and beverage ingredients.

SWEN Capital Partners, an investor in Argos Climate Action, Europe’s leading “Grey to Green” buyout fund, co-invests in the Fund’s second acquisition. The Argos Climate Action Fund is a mid-market private equity buyout fund that aims to accelerate the decarbonisation of European SMEs.

Aligned with Argos Climate Action’s decarbonisation objective, SWEN Capital Partners has also committed primary commitment to the Fund in addition to the co-investment in Groupe Routin.

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Argos Wityu announces it has closed the acquisition of Groupe Routin, a French manufacturer of high-end syrups and beverage ingredients.

Groupe Routin is a French-based manufacturer of high-end syrups and ingredients for creative drinks. Founded more than 140 years ago (in 1883), the company has built its reputation on a wealth of purely local know-how, agility and a high level of service to its customers in 84 countries. With its strong French “art de vivre” identity, Groupe Routin is the pioneer of the “Drink Design® movement, putting its expertise at the service of creativity and taste experiences. The company employs more than 240 people, and its revenues exceeded €115m in 2023.

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SB Italia, a company supported by Argos Wityu, acquires Doxinet.

Argos Wityu has supported SB Italia’s buy-and-build strategy since its acquisition in October 2022. “This acquisition is part of SB Italia’s plan to expand its proprietary software offering. It opens new markets while strengthening our expertise through added-value solutions for customers” explains Andrea Pavesi, Partner at Argos Wityu.

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Bracchi, a company supported by Argos Wityu, acquires Mateco

This acquisition further diversifies Bracchi’s end markets, enhancing its focus on the fast-growing electromechanics sector
Established in 1978 and headquartered in Northern Italy, Mateco has grown from a local transport company into a key player in special and heavy transportation. Renowned for its advanced engineering capabilities and expertise in managing complex loads, Mateco offers tailored transport solutions across a wide range of industries, with a focus on electromechanics, energy and large infrastructure. The company operates with an asset-right business model, consistently with Bracchi’s operating model.

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Promotions within the investment team in France and Italy.

Argos Wityu, an independent European investment fund, has promoted Vincent Yacoub (Paris), Nicola Honorati (Milan), Gabriele Scalco (Milan) as Directors, and Stanislas Guichot-Pérère (Paris) as Investment Manager.
The Argos team comprises 70 employees in its 7 European offices.

Karel Kroupa, Managing Partner at Argos Wityu, said, “The essence of our group has always been to nurture and promote talent. Today, we are thrilled to announce the promotion of four remarkable individuals. This advancement within our team also supports our growth and increasing investment opportunities in the mid-market private equity segment.”

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New Partner within the Argos Wityu investment team.

Argos Wityu announces the promotion of Mario Giannattasio (France) as Partner.

Mario joined Argos Wityu in 2018 as a member of the French investment team and has over 12 years of experience in private equity and finance.

Karel Kroupa, Managing Partner at Argos Wityu, “We are delighted to announce the promotion of Mario to Partner within our firm. Over the past six years, he has made steady progress within our company, demonstrating exceptional dedication and expertise. This evolution of our team also supports our growth and increasing investment opportunities in the mid-market private equity segment.”

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Argos Wityu acquires Groupe Routin, a French manufacturer of high-end syrups and beverage ingredients.

With the support of Argos Wityu, Crédit Mutuel Equity and UI Investissement as minority shareholders, the group will pursue its international development, particularly in the United States. At the same time, in line with Argos Climate Action’s purpose, a special emphasis will be made on accelerating its already active and progressive environmental transition by focusing on decarbonisation, water savings, and the naturality of recipes. Offering more sustainable products and reducing its carbon intensity by at least 7.5% per year will meet collective expectations and reinforce Routin’s differentiation in the market.

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Argos Index - Argos Wityu

Mid-market Argos Index® for the second quarter of 2024

The mid-market Argos Index® for the second quarter of 2024, 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 unlisted eurozone SMEs in which a majority stake has been acquired during the last six months.

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Coexya - Argos Wityu

Argos Wityu in exclusive negotiations to sell Coexya to the Talan group.

Argos Wityu, an independent pan-European investment group, has entered into exclusive negociations with Talan, an international consulting and technology expertise group that accelerates its customers’ transformation through technology, innovation and data, with a view to selling Coexya, a specialist in various aspects of digital transformation with more than 20 years of experience in consultancy, integration and software development. The Coexya group is majority-owned by the Argos Mid-Market VII fund.

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Second edition of the Argos x BCG Climate Transition Barometer

The 2024 Argos x BCG barometer edition reveals that the maturity of European mid-market companies’ approach has increased and their plans to reduce greenhouse gas emissions have made progress. The results of the forthcoming European elections may affect the trajectory of businesses’ climate action. Accordingly, the vast majority of mid-market companies (85%) consider their emissions as important if not critical.

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Argos Index® Mid-market 1st-quarter 2024

Argos Wityu, the independent European investment fund, and Epsilon Research, the online platform for the management of unlisted M&A transactions, have today published the Argos Index® Mid-market for the 1st quarter of 2024. Launched in 2006, this index tracks the valuations of private, eurozone mid-market companies in which a majority stake has been acquired during the last six months.

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Merger of Agôn Electronics and Tronico, two leaders in electronic systems for critical environments

Agôn Electronics and Tronico are both leading companies in designing electronic systems for the most complex situations, the most critical applications and the strictest operational constraints. The two groups are specialised in electronic manufacturing services (EMS) as well as in the design of their own products. They design and manufacture reliable, highly-technical electronic circuit boards and systems for the most demanding sectors of the economy: aerospace, on-board rail, energy and healthcare.

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Argos Index - Argos Wityu

Mid-market Argos Index® for the fourth quarter of 2023

The mid-market Argos Index® for the fourth 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 unlisted eurozone SMEs in which a majority stake has been acquired during the last six months.

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Argos Wityu announces changes in the management team of Wibit

Wibit, a company supported by Argos Wityu, has announced changes in the set-up of its management board. Robert Cirjak, co-founder of the German world market leader for floating water parks, is transitioning from day-to-day operations to a brand ambassador position on the supervisory board, thus paving the way for an orderly succession process. Ralf Schwung moves up to the management board and will lead the company together with co-founder Romann Rademacher.

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Coexya - Argos Wityu

The Coexya Group, majority-owned by Argos Wityu, acquires PI Services

Coexya is a multi-specialist in digital transformation, with over 20 years’ experience in consulting, integration and software development. The Group operates in five areas of expertise: Customer Experience, Employee Experience, Digital Content, Location Intelligence and Smart Data, and offers business solutions for sectors such as healthcare, intellectual property and industry.

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IJssel Technologie, a company supported by Argos Wityu, acquires Preventive Maintenance Group (PMG).

Argos Wityu, the majority shareholder of IJssel Technologie since December 2022, supports the company’s ambitious buy & build strategy to build a full-service proposition for its customers. This transaction is the second completed after the acquisition of JD Techniek in December 2023. The specialist activities of PMG fit well with IJssel Technologies’ way of working, its ambition to expand the preventive maintenance offering further and continuously tailor the service offering to client needs.

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Jean-Pierre Di Benedetto - Argos Wityu

Jean Pierre Di Benedetto

Managing Partner

ITALY

Giuseppe Bonsignore - Argos Wityu

Giuseppe Bonsignore

COO

ITALY

Paris

Louis Godron - Argos Wityu

Louis Godron

Managing Partner

FRANCE

Karel Kroupa - Argos Wityu

karel Kroupa

Managing Partner

FRANCE

Gilles Lorang - Argos Wityu

Gilles Lorang

Managing Partner

BENELUX

Coralie Cornet - Argos Wityu

Coralie Cornet

Head of communications

FRANCE

Jacqui Darbyshire - Argos Wityu

Jacqui Darbyshire

Chief Financial Officer

FRANCE

La Compagnie Des Desserts - Argos Wityu
La Compagnie Des Desserts - Argos Wityu
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Foodservice industry

Revennues : 50M€

FRANCE

Moro - Argos Wityu
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Foodservice industry

Revennues : 40M€

ITALY

Sasa Demarle - Argos Wityu
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Foodservice industry

Revennues : 30M€

FRANCE