Argos Wityu acquires AktivOptik

The transaction forms part of a succession plan for the business and sees Argos invest via Euroknights VII, a €520m fund that held its final close in November 2017.

The company's founder, Rolf Schneider, will retain a 25% stake following the deal, and will continue in his role as CEO until a replacement is identified.

Under its new ownership model, AktivOptik will look to open new stores and make bolt-on acquisitions.

Company
Founded in 1989, AktivOptik is an optician and hearing care chain with a network of 76 stores in Germany. The company's sites are typically in hypermarkets and other locations with high footfall.

AktivOptik generated a turnover of €50m in 2017, according to a statement.

Advisers
Equity – KWM Europe (legal, tax); Maconda (commercial due diligence); Deloitte (corporate finance).
Company – DZ Bank (M&A); Oppenhoff & Partner (legal); Taxess Steuerberater (financial due diligence, tax).

People
Argos Wityu – Frank Hermann (partner); Rainer Derix (principal); Simon Guichard (investment manager); Fabian Soeffge (senior associate).
AktivOptik – Rolf Schneider (CEO); Ruth-Anna Weissmann (chief operating officer).

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• Topics
• Buyouts
• DACH
• Healthcare
• Germany
• Argos Wityu