Argos Wityu completes the acquisition of Sicura from Rekeep
Milan, Zola Predosa – Bologna (Italy) , February 28, 2020 – Further to the information released on 13 February 2020, Argos Wityu, pan-European Private Equity fund with over thirty years track record, announces the completion of its acquisition of the entire share capital of Sicura, leader in the offering of integrated services, products and systems for security management, environment and health and safety on the workplace, from Rekeep S.p.A. (“Rekeep”), the holding company of the leading Italian integrated facility management group.
Sicura is a leading company offering integrated services centred around the safety, health and wellbeing of its clients’ workforce. It designs and maintains fire safety installations, machine protection systems and renders safety and corporate healthcare services. With headquarters in Vicenza, 7 operating offices and nearly 300 employees, Sicura provides a comprehensive set of flexible and complete solutions to businesses.
In FY 2018, the company generated revenues of nearly €44 million. The transaction has an Enterprise Value of 54.5 million euros.
The transaction came to completion with the creation by Argos Wityu of a newco holding controlling interests in Sicura S.p.A. The management of the Company and Rekeep both hold minority interests of 4.5% and 6.0% respectively in newco, with the purpose of retaining the existing business partnership with the Sicura Group.
Argos Wityu is an independent European investment fund that supports companies in the transfer of business ownership. It has assisted more than 80 entrepreneurs, focusing its investment strategy on complex transactions with emphasis on transformation, growth, and close collaboration with management teams. Argos Wityu seeks to acquire majority interests and invest between €10m and €100m with each transaction. With €1bn under management and 30 years of experience, Argos Wityu operates from offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris.
Rekeep S.p.A. (“Rekeep”) is the leading Italian operator and one of the main European players in the Integrated Facility Management sector. Rekeep’s headquarter is located in Zola Predosa (Bologna) and it employs more than 25,000 employees.
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