Ardian enters into exclusive negotiations to support Revima, a major player in the aerospace MRO sector, in its development alongside ARGOS WITYU

Ardian enters into exclusive negotiations to support Revima, a major player in the aerospace MRO sector, in its development alongside ARGOS WITYU

!#!01/16/2019 – France – Press Release!#!

Paris, January, 16, 2019 

Ardian, a world leading private investment house announces that it is in exclusive talks to acquire a majority stake in Revima, a leading MRO (Maintenance, Repair & Overhaul) solutions provider for aircraft equipment, from private equity firm, Argos Wityu. Following the transaction, Olivier Legrand, President of the Group, and Argos Wityu will reinvest alongside Ardian. This transaction is subject to approval from the antitrust authorities as well as the opinion of the works council.

Founded in 1952, Revima is an independent company which has become a leader in the maintenance, repair and overhaul of commercial transport aircraft equipment. The group is well-known for its expertise in the maintenance of auxiliary power units (APU) and landing gears for regional, medium and long-haul aircraft. The company, which has c.750 employees, realized revenues of more than €280 million in 2018, showing double digit growth for several years.

Revima is active in a fast-growing market driven by the continued increase of aircrafts in service worldwide. The group is ideally positioned to continue this development following investment in its French site, the construction of a new industrial site in Thailand which will be operational in 2020, and the pursuit of a bolt-on acquisition strategy. In this regard, Revima is currently in exclusive negotiations for two acquisitions aimed at strengthening its skillsets in repairing engine parts and in the field of advanced predictive maintenance.

Yann Bak, Managing Director at Ardian Buyout, said: “We are very pleased to be associated with the teams at Revima, a fast-growing company positioned in a very promising niche market. We will use our experience and network to expand the group’s international presence and further accelerate its commercial development.”

Olivier Legrand, President and CEO of Revima added: “Our rapid development these last years and the existing and future opportunities for both internal and external growth make us particularly enthusiastic about Revima’s prospects. We are delighted with Ardian’s investment alongside Argos Wityu, as we share common values and entrepreneurial cultures. Our priority is for Revima to become a global player, expanding its skills and know-how into new areas, and be closer to its customers.”

Gilles Mougenot, partner at Argos Wityu concluded: “Revima perfectly illustrates a situation where we helped position the company into new areas of growth. The objective we set ourselves in 2015 was to simplify the shareholder structure while opening it up to employees, help build a supportive management team, and from 2017, invest significantly in the business, notably internationally.”

 

About Argos Wityu

Argos Wityu is an independent private-equity group with offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris. Since its creation in 1989, the group has invested in more than 75 mid-sized companies (Enterprise Value ranging from €25M to €200M). Its majority ownership investments range between €10M and €100M.

With €1Bn under management, the group develops a unique investment strategy focusing on business transformation and growth, instead of financial leverage, and on bringing solutions to complex business and shareholding situations.

For further information: http://argos.wityu.fund

ANTOINETTE DARPY : adarpy@tobnext.com

Tel : +33 (0)6 72 95 07 92

About REVIMA

Revima is a leading independent MRO (Maintenance, Repair & Overhaul) solutions provider, specialized in APUs, Engine Parts and Landing Gears, for civil and military aircraft through five dedicated services: Repair & Overhaul, Engine Parts Repair, Material Solutions, Fleet Management and Leasing.
With committed and passionate employees across locations in France, Asia, North America and the Middle East, Revima boasts over 60 years of MRO expertise. Revima supports aircraft operators, lessors, and repair stations worldwide, is an EASA & FAA Part 145 certified organization, and has approvals from numerous agencies.

Eurazeo PME becomes new majority shareholder of EFESO Consulting, a global leader in operational excellence consulting, following Argos Wityu

Eurazeo PME becomes new majority shareholder of EFESO Consulting, a global leader in operational excellence consulting, following Argos Wityu

!#!19/11/2018 – Press Release!#!

Paris, November 19th, 2018 : EFESO Consulting, Eurazeo PME and Argos Wityu announce the signing of an agreement for the acquisition of EFESO Consulting by Eurazeo PME, alongside management – Eurazeo PME will hold approximately 70% of the capital. The transaction is expected to close in January 2019, after the release from suspensive conditions and approval from competition authorities. Eurazeo PME’s investment will total approximately €56M, including equity and quasi-equity instruments.

The shared ambition of Eurazeo PME and the management team is to accelerate the growth of EFESO Consulting by reinforcing the company’s positioning as the world-leading specialist in operational excellence consulting, particularly through accretive acquisitions and by deploying its renewed digital offering. For the execution of this strategy, EFESO Consulting will have full access to Eurazeo PME’s international network, which includes Eurazeo’s offices in the US, China, and Brazil; international partnerships, most notably in Germany; and corporate functions (including for acquisition integration, digital, Corporate and Social Responsibility).

Luca Lecchi and Bruno Machiels will become Co-CEOs of EFESO Consulting. Filippo Mantegazza, Founder and President who has led the Group for thirty years, will continue to actively accompany EFESO Consulting and will become a member of the supervisory board.

Merged with Solving International in 2007, EFESO Consulting is a consulting firm addressinoperational agility and excellence, with an international, blue-chip customer base. The strong industrial expertise and seniority of the Group’s 400 consultants, based in 17 offices globally, make EFESO Consulting a player of reference within operational excellence consulting. Its clients include more than 50 Fortune 500 companies within a wide range of sectors, who have longstanding customer relationships. The company has a strong global presence: over 80% of 2017 sales outside of France and EFESO Consulting operates in 4 countries per client on average. With 2017 revenue of €71M, EFESO Consulting has successfully integrated seven acquisitions over the past six years, which has allowed the group to solidify its positioning most notably in Italy, the Netherlands, Egypt, India, Belgium, and Ireland, as well as adding competencies in new adjacencies and subsectors.

Pierre Meignen, Managing Director and Member of Eurazeo PME’s Management Board, declared: “We are very enthusiastic about EFESO Consulting’s market positioning and the strong reputation of both the company and its management team. The goals of the Group correspond perfectly with the ambition of Eurazeo PME: to accelerate the development of a solid company in its international development”.

 

Filippo Mantegazza, Chief Executive Officer of EFESO Consulting: “We are closing an important phase of our development in which, with the support of Argos Wityu, we have been able to build a leadership position in operations consulting and design a new Strategy and a new Organization. Today we are delighted to begin a new adventure with Eurazeo PME and we strongly believe that with the Eurazeo Team, and under the guidance of Bruno and Luca, we will be able to accelerate our build-up strategy and focus on developing our asset-based digital consulting model to strengthen our position and to conquer new territories in the changing consulting market”.

 

Luca Lecchi et Bruno Machiels, co-CEO of EFESO Consulting: “Following the successful progression of the business alongside Argos Wityu, we are pleased to embark on a new phase of development in partnership with Eurazeo PME. We value Eurazeo’s approach and capacity to understand the challenges of our sector and appreciate the strengths of our goals for the business. We are confident that Eurazeo is well-suited to accompany EFESO, its associates and collaborators to accelerate our growth, taking advantage of and reinforcing the quality and impact of EFESO’s competencies and innovative digital solutions”.

 

Louis Godron, President of the executive board of Argos Wityu: “We became shareholders of EFESO Consulting alongside management in 2010, to reinforce their financial structure and accelerate growth. We have accomplished these goals, with a 50% increase of sales over our hold. In the midst of the evolution of the consulting industry, EFESO Consulting, led by a high-quality management team and our accompaniment at their side, has established itself as a steadfast partner for its clients: 90% of EFESO’s principal clients continue to work with the company each year in order to accelerate their progress. The recent classification of EFESO Consulting as the 5th cabinet globally in operational excellence exemplifies this progress”.

About Argos Wityu

Argos Wityu is an independent private-equity group with offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris. Since its creation in 1989, the group has invested in more than 75 mid-sized companies (Enterprise Value ranging from €25M to €200M). Its majority ownership investments range between €10M and €100M.

With €1Bn under management, the group develops a unique investment strategy focusing on business transformation and growth, instead of financial leverage, and on bringing solutions to complex business and shareholding situations.

For further information: http://argos.wityu.fund

ANTOINETTE DARPY : adarpy@tobnext.com

Tel : +33 (0)6 72 95 07 92

About Eurazeo PME

A subsidiary of Eurazeo, Eurazeo PME is an investment company dedicated to majority investments in French SMEs with a value of under €250 million. As a long-term professional shareholder, it provides its investments with all the financial, human and organizational resources necessary for long-term change, and supports those companies in its portfolio in implementing sustainable and therefore responsible growth. This commitment is formalized and deployed through a CSR (Corporate Social Responsibility) policy.

Eurazeo PME achieved a consolidated turnover of €1.1 billion in 2017 and supports the development of the following companies: 2RH, Dessange International, Léon de Bruxelles, Péters Surgical, Vignal Lighting Group, Redspher, the MK Direct Group, Orolia, Smile, In’Tech Medical and Vitaprotech. These companies are solidly established within their market and driven by experienced management teams.

ELISABETH AUCLAIR : eauclair@eurazeo-pme.com

Tél. : +33 (0)1 53 83 81 72

Argos Wityu invests in the world market leader of inflatable floating waterparks, Wibit Sports

Argos Wityu invests in the world market leader of inflatable floating waterparks, Wibit Sports

!#!10/29/2019 – Germany – Press Release!#!

Bocholt/Frankfurt am Main, October 29, 2018

The independent pan-European investment company Argo Wityu is investing in Wibit Sports GmbH (Wibit), the world market leader of inflatable floating waterparks based in Bocholt, Germany. This was announced by the two companies today. Wibit produces floating waterplay parks made from inflatable PVC modules, which are used in open waters off the coast and lakes as well as outdoor and indoor pools as a leisure attraction in over 90 countries. It is the unchallenged world market leader in this self-established industry. With Argo Wityu as a strategic partner, the company wants to accelerate its international growth and further expand and diversify its successful business model. The two company founders will continue in their co-CEOs positions and will remain in close ties with the company long-term. The transaction is expected to close in early November.

Wibit was founded in 1996 by two soccer players, Romann Rademacher and Robert Cirjak, who met while playing for the German soccer club MSV Duisburg. With 36 employees, the company generates annual sales in the lower two-digit million range. To date, around 600 parks have been installed in over 90 countries, including holiday destinations such as Dubai, Croatia and Cancún in Mexico. Wibit works together with an international network that meanwhile comprises 16 distribution partners. Locations in Germany include Timmendorfer Strand, the public beach at Xantener Südsee, the Camp David Sport Resort in Leipzig and numerous outdoor pools. The largest waterparks already installed have a capacity of up to 500 people. Since the company’s founding, the waterparks have attracted an estimated 30 million users.

As a pioneer in the field of waterplay and founder of floating waterparks worldwide, Wibit has extensive expertise in this industry and is renowned for its high product quality and safety. All products comply with the high international safety requirements (EN ISO 25649) and are regularly inspected by Germany’s TÜV. The extraordinary success of Wibit’s business model is built on the innovativeness of its products and the attractive business model for operators. For instance, Wibit has its own inhouse R&D department, which is constantly developing new modules and the company today holds more than 200 patents. This product variety, customized coloration according to customer specifications and high-quality production clearly distinguish Wibit from inferior copies. At the same time, the systems have exceptionally short amortization periods and are therefore an attractive investment for customers such as beach concessionaires, hotels, wake park operators and resorts. Wibit offers operators a complete package that includes installation by Wibit-trained technicians as well as comprehensive consulting for optimal operation and long-term maintenance of the park.


Focus on accelerated internationalization and organic growth – continuity in top management

With the development of its first modular waterparks in 2008, Wibit’s growth momentum picked up significantly. From Wibit’s position as market leader, the founders now want to use this dynamic growth to further advance the internationalization of the company and to expand the business model through organic growth and a targeted diversification. To achieve this, they sought a long-term oriented entrepreneurial partner to support Wibit with growth capital, an international network and extensive experience in the development of management and sales structures. In a tight reigned and selective process, the choice was made in favor of Argos Wityu – not least because the company has an unusually large international network for its market segment and proven expertise in supporting the growth scenarios of companies.

At the same time, this step is characterized by continuity: The founders continue to lead the company as co-CEOs and will remain in close ties with the company long term. Together the partners want to drive forward the growth of Wibit by strengthening and expanding the team as well as all relevant operational structures, expanding the company’s presence in Asia and Europe, opening up new geographic markets and enabling the expansion of the business model into new product categories and complementary services.

Robert Cirjak and Romann Rademacher, co-CEOs and founders of Wibit Sports, said: “The strategic partnership with Argos Wityu is a major step forward in the further development of our company. Wibit wants to become bolder, better and bigger than it is today. We combine sportsmanship with an entrepreneurial passion and are ready now to move up from the Bundesliga to the Champions League. Together with Argos Wityu, we want to seize the growth opportunities before us. Now we can realize many projects for which we need additional financial, personnel and organizational capacities. We are convinced that with Argos Wityu we have a strong strategic partner at our side –the team’s expertise and extensive international experience have impressed us deeply.”

Frank Hermann, partner and director of the DACH region at Argos Wityu, said: “Wibit’s extremely successful business model and the entrepreneurial personalities of Romann Rademacher and Robert Cirjak stood out right from the outset. Today the company already has a strong international presence, but the potential for further growth is still far from being fully exploited in light of the huge number of holiday and leisure destinations. Moreover, the founders identified additional interesting growth areas for the diversification of the business model to supplement their core product, thus enhancing the attractiveness for customers and users. This mix of internationalization and tapping new business areas characterizes many of our investments. We are excited about jointly implementing this with the Wibit team.”

About Argos Wityu

Argos Wityu is an independent private-equity group with offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris. Since its creation in 1989, the group has invested in more than 75 mid-sized companies (Enterprise Value ranging from €25M to €200M). Its majority ownership investments range between €10M and €100M.

With €1Bn under management, the group develops a unique investment strategy focusing on business transformation and growth, instead of financial leverage, and on bringing solutions to complex business and shareholding situations.

For further information: http://argos.wityu.fund

ANTOINETTE DARPY : adarpy@tobnext.com

Tel : +33 (0)6 72 95 07 92

About WIBIT

Wibit Sports was founded in 1996 by soccer players Robert Cirjak and Romann Rademacher, who met while playing for the German soccer club MSV Duisburg. It is a pioneer in the field of waterplay and founder of floating, inflatable water sports parks. In addition to its headquarters in Bocholt, Germany, the company maintains two offices in Shenzhen/China and Hongkong. With a current staff of 36, Wibit generates annual sales in the lower double digit million range. Wibit Sports’ floating waterparks consist of individual modules that can be connected to each other. This creates combinations of all shapes and sizes for any kind of water – seas, lakes or swimming pools. Safety is Wibit’s number one priority. All products comply with high international safety requirements (EN ISO 25649) and are regularly inspected by Germany’s TÜV. The colorful products from Wibit Sports are currently found in over 90 countries, and more than 30 million people worldwide have already tried out the adventure landscapes. In Germany, Wibit’s floating waterparks are set up in numerous swimming pools and lakes as well as Timmendorfer Strand, at the leisure center Xantener Südsee and Camp David Sport Resort near Leipzig. In addition, Wibit has created WibitTAGs – landmark attractions in the form of letters off the coast of various tourism-intensive locations such as Vietnam, Dubai, Abu Dhabi, Cancún and Indonesia.

Argos Wityu acquires majority stake in aktivoptik Group as part of a succession and growth plan

Argos Wityu acquires majority stake in aktivoptik Group as part of a succession and growth plan

!#!08/27/2018 – Germany – Press Release!#!

  • Germany’s fifth largest optician and hearing care chain taps new growth opportunities with a long-term investor
  • Argos Wityu plans to strengthen aktivoptik’s presence by expanding its store network and selective add-on acquisitions
  • Continuity in management, owner family remains committed to the company in the long term

Bad Kreuznach/Frankfurt am Main, August 27, 2018 – The independent pan-European investment company Argos Wityu has acquired a majority stake in German aktivoptik Group (aktivoptik) as part of a succession plan via its Fund VII. This was announced today by both companies. With a network of 76 stores, most of them in hypermarkets and other highly frequented locations, and sales of around 50 million Euros (as of 2017) the medium-sized family company is Germany’s fifth-largest optician and hearing care chain. The parties have agreed not to disclose the purchase price or other details of the transaction. The transaction is still subject to approval of the relevant antitrust authorities.

After almost 30 years of dynamic growth of aktivoptik, the founding family wants to pave the way for an orderly transition which at the same time will drive future growth of the company. Together, the family, the new majority shareholder and the existing management want to achieve this goal by opening new branches and tapping new growth opportunities through selective add-on-acquisitions. The founder and former majority shareholder Rolf Schneider (68) will retain a stake of around 25 percent in the company and will continue his activities as CEO to ensure continuity until a suitable successor has been found. In addition, he will retain close ties to the company in the long term and closely accompany its strategic development as a member of the newly established advisory board.

The first aktivoptik store was opened in 1989. Since then, the company has grown into one of the leading optician and hearing care chains in Germany with 63 own stores, including four premium stores, and 13 franchise stores. Most of the stores are located in hypermarkets, which facilitates a high customer frequency and regular customer contact. The success of the company is based not only on the convincing price-performance ratio but also on the excellent quality of the products and services sold as well as a distinctive, family-like corporate culture.

Frank Hermann, partner and head of the DACH region of Argos Wityu, said: “Our investment in aktivoptik underlines the profile of Argos Wityu as a reliable partner for succession plans in medium-sized businesses, drawing upon decades of experience throughout Europe. aktivoptik is an economically healthy and successful company with great further growth potential. Together with Rolf Schneider we will focus on continuity and the preservation of the distinctive corporate culture to continue aktivoptik’s successful development of the past 30 years into the future”.

Rolf Schneider, CEO and founder of aktivoptik Group, said: “I look forward to taking an active role in shaping the transition to the new majority owner in the coming years. Argos Wityu’s commitment to continuity, the commitment to our headquarters in Bad Kreuznach, our established customer relations, and the high quality standards of aktivoptik were decisive for my decision to hand over my entrepreneurial life’s work to Argos Wityu instead of one of the big competitors who were also interested in acquiring aktivoptik”.

Argos Wityu: 30 years of experience in succession solutions and family businesses

With this latest investment, Argos Wityu is continuing its investment strategy of sustainable value creation through strategic and operational improvements as well as growth, as opposed to focusing on leverage, in Germany. The company has a track record of nearly 30 years in succession solutions for family businesses, the acquisition of subsidiaries or divisions of larger groups (spin-offs and carve-outs), companies with complex organisations or shareholder structures, strategic repositioning and the financing of organic or external growth – all of which require specific know-how, expertise and experience and, above all, sufficient internal resources during and after the transaction.

Among the best-known investments are the acquisitions of the world’s leading saxophone manufacturer Selmer from the founding family, the conglomerate Davey Bickford from its 200 family shareholders, the Swiss chocolate wafer manufacturer Kägi, the majority acquisition of the Swiss ropeway manufacturer BMF, or the privatization of the Belgian rail freight Lineas. The investment strategy is geared towards expansion, innovation and transformation. With local offices in or close to the home-markets of its portfolio companies, Argos Wityu ensures its presence to provide trustworthy support for the companies, to enable rapid decision-making, and to support the international expansion of the companies.

aktivoptik was advised on this transaction by DZ BANK AG (M&A) Oppenhoff & Partner (legal advice), and taxess Steuerberater (Finance & Tax). Ruth-Anna Weißmann (COO) and Rolf Schneider (CEO) were responsible for the transaction at aktivoptik.

Argos Wityu was advised by KWM Europe (legal and tax advice), Maconda (market advice), and Deloitte (financial advice). Frank Hermann (Partner), Rainer Derix, Simon Guichard, and Fabian Söffge were responsible for the transaction at Argos Wityu.

About aktivoptik Group

aktivoptik was founded in 1989 by master optician Rolf Schneider. Today, the Bad Kreuznach-based company is one of the five largest optician and hearing care chains in Germany with 76 stores, around 560 employees and an annual turnover of around 50 million Euros (as of 2017). The company’s product range includes ophthalmic frames, sunglasses, contact lenses and, since 2007, hearing aids; trained hearing care professionals are available at over 30 locations. In addition, aktivoptik sells accessories and care products for good vision and hearing. In the field of optics, the product range includes private labels as well as spectacle frames from renowned designers and brand manufacturers.

Since the founding of the first aktivoptik store, the company has had above-average growth compared to the optician industry as a whole. The success of the company is based not only on its excellent price-performance ratio offering in large hypermarkets, but also on excellent quality of products and services sold in highly frequented inner city locations: in 2018, aktivoptik was the only optician chain to achieve an “A” rating by Deutsche Gesellschaft für Verbraucherstudien (German Society for Consumer Studies) and in 2015 also was rated best optician chain by German consumer product testing organisation Stiftung Warentest. aktivoptik puts strong emphasis on employee training and a family-like corporate culture. For its outstanding HR management and training of its employees, aktivoptik was honoured as one of the best medium-sized employers in Germany in 2012 and 2017.

For further information: https://www.aktivoptik.de/

About Argos Wityu

Argos Wityu is an independent private-equity group with offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris. Since its creation in 1989, the group has invested in more than 75 mid-sized companies (Enterprise Value ranging from 25 to 200 million Euros). Its majority ownership investments range between 10 and 100 million Euros.

With 1 billion Euros under management, the group develops a unique investment strategy focusing on business transformation and growth, instead of financial leverage, and on bringing solutions to complex business and shareholding situations.

For further information: http://argos.wityu.fund

Your contact at Argos Wityu:

 

Frank Hermann, Partner
Neue Mainzer Str. 52-58
60311 Frankfurt/Main, Germany
Phone +49 69 5977217 30
fhe@argos.fund

 

Your contact at aktivoptik:

 

Ruth-Anna Weißmann, Member of the Board
John-F.-Kennedy-Straße 26
55543 Bad Kreuznach, Germany
Phone +49 671 796467 100
r.weissmann@aktivoptik.de

 

Press contact for Argos Wityu:

 

Charles Barker Corporate Communications
Kornelia Spodzieja, Jan P. Sefrin
Phone +49 69 79 40 90-40 /-26
E-Mail kornelia.spodzieja@charlesbarker.de, jan.sefrin@charlesbarker.de

Factum Group, a leading independent leasing solutions broker in France, opens up its capital to Argos Wityu, to become a key player in Europe

Factum Group, a leading independent leasing solutions broker in France, opens up its capital to Argos Wityu, to become a key player in Europe

!#!06/12/2018 – Press Release!#!

Paris, Nancy, June 12th, 2018 – Argos Wityu, the independent European private equity group, announces the acquisition of a majority stake in Factum Group, one of the largest French independent providers of operating leasing services for equipment, alongside the management team.

As part of the transaction, Naxicap Partners, SWEN Capital Partners and Euro Capital sell all their stake in the group.

Consistent with its past, Factum Group will deploy its ambitious strategy of organic and external growth building on the quality of its services, its customer support and current teams, reinforced with new human and financial resources. The objective is to strengthen the group in its core business lines, to introduce new innovative and digital services and to extend its geographical footprint, transforming a historical French leader into a European player.

Since inception in 1995 by Philippe Durst and Benoît Zimmermann in Nancy, France, Factum Group, specialized in operating leasing solutions for IT, medical and industrial equipment as well as for vehicle fleets, has shown profitable growth. The group has a large customer base of 3,000 companies, from SMEs to large groups, through 12 commercial agencies and 3 subsidiaries located in Belgium, Luxembourg and Switzerland. Factum Group employs 58 people, generates revenues of nearly 150 million euros, steadily growing since inception, and has a large asset portfolio of about 400 million euros.

The founding managers will remain involved in the strategy-development process, and Arnaud Deymier, joining the group as new CEO, will oversee the operational management. Arnaud Deymier, who is a former banker and mergers and acquisitions advisor, has supported leading banks and leasing firms in their growth and financing plans for many years. He is supported by an unchanged executive board, comprising Nicolas Durst, Deputy Managing Director, and Xavier Lequien, Commercial Director. The whole management team remains with the group and will be closely involved in its development.

Philippe Durst and Benoît Zimmermann, founding managers of Factum Group said: “After nearly a quarter of century, Factum Group has entered a new phase in its history with the objective to grow from a small to a mid-sized company. With the arrival of a new responsible and committed shareholder and a new CEO, it means we can accelerate the company’s development, which has seen very good growth since its creation in Nancy.”

Arnaud Deymier, the new CEO of Factum Group added: “We aim to become the indispensable reference for the French and European leasing markets, by capitalizing on a talented and experienced team, a strong network of financing partners and a new ambitious shareholder. The presence at our side of the founders and the management team’s involvement will enable us to preserve the Group’s historical know-how, and, as a logical consequence, build a farsighted group.”

Karel Kroupa, partner at Argos Wityu outlined: “The leasing market is a high-growth sector providing its clients with flexibility for upgrading their equipment and ability to benefit from a homogeneous asset portfolio, always at the cutting-edge of technology. Our ambition, as new shareholder, is to capture these growth opportunities and position the group as a future reference in Europe.”

Argos Wityu

Karel Kroupa, Thomas Ribéreau, Benjam Vetterli, Vincent Yacoub

Press contact: toBnext Communication Agency – Antoinette Darpy: + 33 6 72 95 07 92 – adarpy@tobnext.com

Sellers: Naxicap Partners (Laurent Sallé, Clémence Rousselet), SWEN Capital Partners (Isabelle Combarel), Euro Capital (Estelle Selig, Lionel Werner)

Sellers’ advisors

M&A: Lincoln International (Ludovic Rodié, Antoine Klein)

Legal: Edge Avocats (Stéphanie Dourdin, Mathieu Lochardet), Fieldfisher (Jean-Baptiste Van De Voorde), De Pardieu Brocas Maffei (Jean-François Pourdieu), Sequoia Avocats (Jean-Jacques François, Antonia Luciani)

Financial: Deloitte (Philippe Serzec, Bastien Labussière, Marie-Victoire Loison)

Argos Wityu advisors

Legal: August Debouzy (Julien Aucomte, Olivier Moriceau, Laure Khemiri, Maxime Legourd, Leslie Ginape)

Financial: Eight Advisory (Eric Demuyt, Guillaume Catoire)

Tax: Arsene (Franck Chaminade, Charles Dalarun, Ludovic Genet)

Strategy: Invigors (Paul Johnson-Ferguson, Pierre-Francois Degand)

Transaction insurances: Zurich Insurance (Charles de Mombynes); Siaci Saint Honoré (Eric Remus, Christine Rivoalan)

About Factum Group

Since inception in 1995 by Philippe Durst and Benoît Zimmermann in Nancy, Factum Group, specialized in operating leasing solutions for IT, medical and industrial equipment as well as for vehicle fleets, has shown profitable growth. The group has rapidly extended its IT leasing solutions towards other asset classes (medical, vehicle fleet, industrial technology) and added value services. Initially focused on medium-size tickets, Factum Group has diversified its customer base and now serves 3.000 clients, from SMEs to large groups. Headquartered in Nancy, Factum Group spread its geographical footprint in France through 12 commercial agencies and internationally, through 3 subsidiaries located in Belgium, Luxembourg and Switzerland. Factum Group employs 58 people, generates revenues of nearly 150 million euros, steadily growing since inception, and has a large asset portfolio of about 400 million euros.

About Argos Wityu

Argos Wityu is an independent private equity group with offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris. Since inception in 1989, the group has invested in more than 75 SMEs (Enterprise Value ranging from 25 to 200 million euros). Its majority ownership investments range between 10 and 100 million euros. With nearly one billion euros under management dedicated to acquisitions, the group develops an investment strategy on complex transactions focused on transformation and growth as opposed to leverage. Its entrepreneurial approach is characterized by close proximity to management teams and by strong support to implement their strategic projects.

Argos Wityu has Completed the Acquisition of Henri Selmer Paris, from its Founding Family

Argos Wityu has Completed the Acquisition of Henri Selmer Paris, from its Founding Family

!#!03/22/2018 – Press Release!#!

France, Mantes-la-Ville and Paris – March 22nd, 2018 – The growth-oriented private equity funds managed by Argos Wityu have announced the acquisition of the majority of shares of Henri Selmer Paris, a family-owned company founded in 1885, world leader in the manufacture of high-end saxophones, and major player in clarinets and mouthpieces.

Argos Wityu had announced in January 2018 they had entered into exclusive negotiations with the shareholders of Henri Selmer Paris. Following completion of the transaction in mid-March 2018, Argos Wityu has become the majority shareholder alongside some family members, and the management team. Jérôme Selmer, Chief Executive Officer of Henri Selmer Paris, will lead this new phase of development.

Argos Wityu has carried out the investment without raising debt. Henri Selmer Paris thus keeps all its flexibility to invest in new projects and continue to serve the finest international instrumentalists, as well as enthusiastic amateurs.

Sustain and develop the company

This transaction has been initiated and supported by the 55 shareholders representing the 4th and 5th generation of the Selmer family, all of them descendants of Henri Selmer, the company’s founder. They have selected Argos Wityu for its ability to help Henri Selmer Paris to keep growing and transforming and to be a shareholder committed to developing the production of outstanding instruments, also capable of financing new development projects.

A unique manufacturing know-how and a very strong international footprint

In its 11.000 square meter facility in Mantes-la-Ville in the Paris area, Henri Selmer Paris manufactures high-end saxophones, clarinets and mouthpieces which require highly skilled labour with more than 100 manufacturing specialities.

This traditional and unique handicraft know-how, coupled with the capacity to innovate and the use of cutting-edge technologies (with several million USD invested in R&D every year) are the backbone of the world-class reputation of Selmer instruments, whose sound is recognized by experienced musicians.

Henri Selmer Paris employs 500 people and had USD 40 million of revenue in 2017.

Henri Selmer is present in more than 60 countries, with only 13% of sales in its home country; it sells to a variety of distributors and merchants directly in touch with musicians.

Argos Wityu Contacts

Louis Godron, François Becque, Antoine Forgeard

Press: toBnext Agency – Antoinette Darpy : + 33 (0)6 72 95 07 92 – adarpy@tobnext.com

 

Sellers’ Advisors

M&A: KPMG Corporate Finance (Mark Wyatt, Nicolas Manceau, Alban Miclo, Omar Chahine)

Legal: Fidal (Olivier de Précigout)

Finance: KPMG Transaction Services (Antoine Bernabeu, Damien Moron)

Management: GFP Avocats (Guillaume Fargeaud, Dimitri Pubellier)

 

Argos Wityu’s Advisors

Legal: Jeantet & Associés (Philippe Matignon, Pascal Georges, Isabelle Pontal, Blandine Lebreton, Camille Perodeau)

Finance: Eight Advisory (Eric Demuyt, Boris Bignon)

Tax: Arsène Taxand (Franck Chaminade, Olivier Janoray)

Strategy: Estin & Co (Geoffroy Rupprecht) ; Efeso (Luca Lecchi)

Environment: Aecom (Bertrand Latrobe)

Transaction insurances: Zurich Insurance (Charles de Mombynes, Paul Séjourné) ; Siaci Saint Honoré (Eric Remus)

About Henri Selmer Paris

Manufacturer of clarinets at its foundation in 1885, Henri Selmer Paris launched the production of saxophones as early as 1921, before taking over the workshop of Adolphe Sax in 1929, thus becoming the universal legatee of the invention of the saxophone. Henri Selmer Paris is today the global leader in the manufacture of high-end saxophones and a major player in clarinets and mouthpieces. Its instruments benefit from a prestigious brand all around the world. The most talented musicians play “Selmer” (Saxophone: Charlie Parker, John Coltrane, Stan Getz, Marsalis Branford, Claude Delangle…; Clarinet: Alessandro Carbonare, Philippe Berrod…).

Argos Wityu announces the signing of a binding agreement for the divestment of its majority stake in Bip (Business Integration Partner) to Apax Partners

Argos Wityu announces the signing of a binding agreement for the divestment of its majority stake in Bip (Business Integration Partner) to Apax Partners

!#!03/15/2018 – Press Release!#!

Milan, 15 March 2018 – ARGOS WITYU announces its fourth exit, out of 15 investments of Euroknights VI, Argos Wityu’s fund raised in 2011.

The funds managed by Argos Wityu had completed the acquisition of a controlling stake of BIP through a full equity transaction in May 2014, alongside with a dozen of key managers, led by Mr. Lo Bianco, Mr. Troiani and Mr. Capè.

Under the funds’ ownership, BIP has seen a strong development and achieved significant growth fuelled by focussing on key segments of the business (Telco, Media, Utilities, Pharma and PA), strong innovation and a continuous market expansion. During Argos Wityu ownership, the number of Equity partners grew to 18, the company entered new markets (UK, Turkey, Colombia, Chile, US, Arab Emirates and Belgium) and X-Science hub was created, mainly thanks to the acquisitions and merge of Cybersec, Ars et Inventio, Openknowledge, Sketchin and Artax, in the digital and sales transformation fields.

From €75 million revenues and 900 employees in 2013, Bip grew to €160 million revenues and 1800 employees today.

Mirco Dilda, Partner, Argos Wityu, said: « Argos is proud to have shared four challenging years of transformation and growth, together with a very dynamic management team. The goal at entry was to help the company in developing faster the foreign markets and entering new sectors. The achieved results in terms of geographies, new add-ons and net sales are the tangible proofs of a reliable and truly supportive partner.»

Argos Wityu: Mirco Dilda (Partner), Emiliano Tonelli (Investment Manager), Federica Ferretti (Associate)

Advisors:

Seller – Legal: Studio Legale Gatti Pavesi Bianchi (Valerio, Coghe); Tax: BDO (Lentz); Structuring: Loesch & Associates (Loesch); M&A: Equita Sim (Riviera, Poletto)

Management – Legal: Studio Legale Gatti Pavesi Bianchi (Valerio, Magnani, Coghe) e Lodovico Bianchi di Giulio – Fiscal: Ludovici Piccone & Partners (Ludovici, Conidi, Pica)

Argos Wityu has finalized the acquisition of Zodiac Milpro from Oaktree

Argos Wityu has finalized the acquisition of Zodiac Milpro from Oaktree

!#!03/06/2018 – Press Release!#!

Paris – Tuesday, 6th March, 2018 – The European private equity group Argos Wityu announces the acquisition of Zodiac Milpro from funds managed by Oaktree Capital Management, L.P. (“Oaktree”). All needed governmental approvals have been obtained. Terms of the transaction are not disclosed.

Headquartered in Paris, and established in Australia, Canada, Italy, UK, USA, Singapore and Spain, Zodiac Milpro is a global and unrivalled market leader in the design and manufacture of very technical rigid-inflatable boats and inflatables for professionals with very high requirements (firemen, sea rescue, coast guards, drug enforcement, special forces, etc).

Positioned in the high-end segment of the market, Zodiac Milpro and Zodiac Hurricane boats are the most recognized worldwide thanks to the longstanding commitment of the group to technological leadership and manufacturing excellence.
With its 330 highly skilled employees and its multi-site and flexible industrial footprint in key geographic markets, the company has close proximity with a large customer base over the 6 continents. Its footprint is reinforced by a strong commercial presence including agents and distributors across the world. It is positioned on a global market which growth is set to accelerate over the next years, notably driven by the needs of governments to better protect their populations against disasters, crime and violent threats.

Louis Godron, partner at Argos Wityu, said: ” Zodiac Milpro and Zodiac Hurricane are iconic brands that have built an outstanding reputation for developing the best products worldwide. The company has strong assets: a market leadership position in a niche market with high entry barriers, a technological leadership, a robust and resilient balanced revenue mix, a diversified customer base, flexible operations, and a committed and qualified team. We look forward to partnering with the management team to continue to grow Zodiac Milpro’s activities organically, namely in Asia and Middle East, to reinforce and further expand the products range, and to bring additional services to customers. We at Argos Wityu also are committed to fund a resolute external growth policy. ”

Marc Lavorata, CEO, Zodiac Milpro, said, ” During our 4-year partnership with Oaktree, we have built a strong basis as we became a fully independent company able to reinforce our brands, sales and marketing activities, to expand geographically, and to implement operational improvement initiatives. These significant steps pave the way for our ongoing development which will carry on with Argos Wityu. We are delighted to continue to develop our business with a new partner sharing our vison that the company’ strength is based on the excellence of its products and services. ”

Baptiste Vaissié, Managing director at Oaktree said, “Under Oaktree’s ownership, Milpro has been carved-out from its previous owner Zodiac-Marine, while strengthening leading positions in its markets. Additionally the company has broadened its product offering to customers and extended its geographical presence, most notably in Asia. Milpro is now in position for the next stage of its development under the leadership of its management team with the support of Argos.”
Equity capital for the transaction comes from Argos Wityu’s fund VII, and the unitranche financing is provided by Idinvest Partners.

About Zodiac Milpro

Zodiac Milpro is the global leader for military and professional rigid inflatable boat and inflatables. The company is headquartered in Paris and has production and commercial entities in Europe, North America and Asia. Former branch of Zodiac Group, Zodiac Milpro has been acquired by Oaktree Capital Management in 2013 and thus became an independent company. It generates a turnover of 56 million € from April 2016 to March 2017, with a strong presence on all areas.

Talentia Software acquires Swiss company Addedo

Talentia Software acquires Swiss company Addedo

!#!01/01/2019 – Press Release!#!

Paris La Defense, January 11, 2018 – Talentia Software, leading provider of HR and Financial Performance enterprise software, accelerates its international development through the acquisition of Swiss company Addedo. This acquisition is an integral part of Talentia Software’s strategy to extend its lead in Corporate Performance Management (CPM) software and become a key European player on this market.

Switzerland, Zug-based Addedo is an IT consultancy firm specialized in Corporate Performance Management (CPM) services and applications. Addedo consulting services focus on the implementation of CPM software, covering key functions such as financial consolidation, budgeting, planning, reporting and analytics. Addedo also acts as an independent licensed reseller for market leading CPM software solutions, offering maintenance and support services to its clients. With close to 11 Million euros in sales, about 25 employees and 200 clients –among which many publically listed corporations-, Addedo has offices in Switzerland, Germany and Canada.

Michael Kempter will remain President of Addedo to lead Talentia Software’s operations in the DACH region (Germany Austria Switzerland) and the starting operations in North America, with the full support of his current management team. He is joining the Executive Board of Talentia Software and he will report directly to Viviane Chaine-Ribeiro.

With more than 55 Million euros in sales (2016), Talentia Software has operations in France, the UK, Italy, Spain, Portugal and Greece. Consistent with the company’s acquisition strategy, this external growth opportunity enables Talentia Software to establish a physical presence and expand operations in the countries served by Addedo. This acquisition will also greatly enhance the activity and expertise of its Financial Performance product line.

Addedo is a licensed reseller for IBM Cognos (ESA Partner) and Longview, providing implementation, maintenance and support services to its clients. As part of this acquisition, Addedo will keep operating under its own brand, leveraging its strong partnerships and awareness to expand on its markets. This acquisition will also leverage a natural complementarity and help realize strong synergies between Talentia Software, a software provider and Addedo, an IT consulting, deployment and support services firm.

Says Michael Kempter, President of Addedo: “We are pleased to join Talentia Software and merge our skills and capability. We share common values, including the commitment to delivering the highest quality of service to our clients. We will benefit from each other’s expertise, expand our current product portfolio and combine forces for the benefits of our client’s Financial Performance”.

 

Says Viviane Chaine-Ribeiro, President of Talentia Software: “This acquisition is a new critical step in our external growth strategy. It will further reinforce our market lead on the fast growing CPM market and accelerate our growth in countries such as Switzerland and Germany. It will also enable us to set foot in North America where Addedo recently opened an office. We are thrilled to join forces with Addedo, who achieved sustained growth over the years to reach a market-leading position today. Talentia Software will greatly benefit from Addedo’s insights and proven Financial Performance expertise, and in turn, we will be able to provide additional value to our clients and staff”.

About Talentia Software

With more than 3,600 customers in over 30 countries, Talentia Software is a market-leading European software provider of Finance software (Accounting, Financial Performance) and HR software (Payroll, Human Capital Management).

Talentia Software directly markets, deploys and supports its solutions in France, the UK, Spain, Portugal, Greece and Italy. The company also provides its solutions through a wide network of channel partners across Europe and South America.

For more information, please visit www.talentia-software.com

Argos Wityu becomes the majority shareholder of Future Groep

Argos Wityu becomes the majority shareholder of Future Groep

!#!12/22/2017 – Press Release!#!

Brussels and Utrecht, December 22nd, 2017 – In the framework of a MBI transaction, Argos Wityu becomes the new majority shareholder of Future Group, with its four stand-alone business units Talenter, PLANgroep, Human Capital Group and Future Communication. Future Groep is a Dutch service provider headquartered in Utrecht that provides Business Process Outsourcing and detachment services to public clients in the social domain and HR consulting and communication services to public and private clients.

The group exists in its current configuration since 2016 when it was carved out from the Conclusion group. Today Future Groep employs around 800 people and generates around €60m in revenues.

In the framework of the acquisition by Argos Wityu, Jeroen Ekkel joins the group as the new CEO. Before, Ekkel (43) was COO of Atlas Professionals and has built up a solid experience relevant to Future Groep’s activities.

Gilles Mougenot, partner of Argos Wityu, is very pleased to be able to support the further development and transformation of Future Groep. Mougenot: “Future Groep is the first investment in The Netherlands for Argos Wityu and we are happy to take this step together with Roelof Bijlsma, Jeroen Ekkel and a strong management team. Future Groep is a company whose success is based on an inclusive and innovative company culture. These elements in combination with the experience of the people on board convinced us of the potential that we can realize all together.”

Future Group Founder Roelof Bijlsma remains involved with the company as a shareholder and non-executive Board Member. Bijlsma: “After we decided to carve-out Future Groep from Conclusion in March last year, our organization has grown substantially and has developed very well. Today we are a financially strong, healthy and solid company with significant growth potential. For our next phase, Argos Wityu is, in our opinion, the best imaginable partner and shareholder. We are therefore pleased with the confidence and trust that Argos Wityu has in our organization and its ambitions to realize, together with management and employees, our elaborate strategy of the individual subsidiaries and, hence, of the group as a whole.”

Parties involved in the transactions

1/ Acquirer :

Deal Team Argos Wityu : Gilles Mougenot, Maarten Meijssen, Richard Reis et Arne Louwagie.
Advisors : Houthoff, Sincerius, Nielen Schuman, Pwc, KC Legal, Aon, Ebbinge.

2/ Sellers :

Gilde Equity Management and the founders
Advisors : MBCF, Simmons & Simmons, Deloitte, JSA Tax Consultancy.
Legal advisors banks : Stek.

3/ The transactions is financed by Rabobank

 

About Future Groep

Future Group is an organization headquartered in Utrecht with 800 employees closely cooperating, generating around €60m in sales. Through its four stand-alone business units Future Groep provides a wide range of services in the field of debt management and financial file processing, all-round HR and communications advice, back and mid office services and strategic and operational services within the public sector and the social domain.