Overview
Frankfurt, November 20, 2024 – McDermott Will & Emery has advised private equity investor Argos Wityu in connection with the acquisition financing for the purchase of a majority stake in Lavatio GmbH. The objective is to accelerate the company’s growth and the environmental transition. The transaction is expected to close by the end of the year and is subject to regulatory approvals.
Argos Wityu acquires a majority stake in Lavatio through its Argos Climate Action fund (Article 9 SFDR). This transaction marks the first investment by this environmental buyout fund in Germany and its third in Europe. Argos Wityu is investing alongside Lavatio’s management and BNP Paribas.
Argos Wityu is an independent European private equity group with offices in Amsterdam, Brussels, Frankfurt am Main, Geneva, Luxembourg, Milan and Paris, which supports medium-sized companies in their growth.
Lavatio, headquartered in Hünfeld, Germany, is a leading B2B laundry group that 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.
The McDermott team comprised partners Alexander Klein and Matthias Weissinger.
