29 August 2018

Argos Wityu acquires majority stake in aktivoptik Group

KWM has advised Argos Wityu on the acquisition of aktivoptik Group, the fifth largest optician and hearing care chain in Germany.

Argos Wityu has acquired a majority stake in German aktivoptik Group (aktivoptik) via its Fund VII as part of a succession plan.  

Rolf Schneider, the founder and former majority shareholder of aktivoptik, will retain a minority stake in the company and will continue his activities as CEO to ensure continuity. The transaction is still subject to approval of the relevant antitrust authorities.

Argos Wityu, founded as Argos Soditic in 1989, is an independent private-equity group, focusing on buyouts, buyins and spin-offs of mid-sized companies with an enterprise value ranging from 25 to 200 million Euros. 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.  

aktivoptik, the Bad Kreuznach-based company, was founded in 1989. Since the founding of the first aktivoptik store, the company has had above-average growth compared to the optician industry as a whole. Today, the 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 approximately 50 million Euros (as of 2017). After almost 30 years of dynamic growth of aktivoptik, the proven business model forms the basis of future growth together with new majority shareholder Argos Wityu.

Advisors to Argos Wityu:

King & Wood Mallesons (KWM)

Dr. Michael Roos (partner), Markus Herz (partner), Floris Schilling (associate), Dr. Laura Schumann (associate), Dr. Katrin Thoma (associate) (all M&A/Corporate), Dr. Johannes Reitzel (counsel, Employment Law)

Markus Hill (partner, Tax and Structuring)

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