Secondary Buyout • Food

Argos Wityu and Kartesia Acquire Monviso

On October 22, 2024, private equity firm Argos Wityu and lender Kartesia acquired food company Monviso from CAPZA and Cerea Partners

Acquisition Context
  • This is Argos Wityu’s 5th and Kartesia’s 2nd transaction in the Food sector.
  • This is Argos Wityu’s 18th and Kartesia’s 3rd transaction in Italy.

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M&A Deal Summary

Date October 22, 2024
Target Monviso
Sector Food
Buyer(s) Argos Wityu
Kartesia
Sellers(s) CAPZA
Cerea Partners
Deal Type Secondary Buyout

Target Company

Monviso

Andezeno, Italy
Monviso is a producer of rusks, salt-free breadsticks, crispy bread, gluten-free products, and biscuits. Monviso produces different product ranges, such as breakfast (which includes the renowned Biscotto Salute), wellbeing low-salt products and Io sono rusks), organic, snack, and pastry. Monviso was founded in 1936 and is based in Andezeno, Italy.
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Buyers Overview 2

Buyer

Argos Wityu

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Argos Soditic is a private equity firm that seeks majority or minority investments in small to medium sized companies headquartered throughout Europe. Argos Soditic will consider investments in public or private companies generating revenue of €20 to €600 million. The Firm's target investment size is €10 to €100 million. Funds are typically used to support management buyouts/buy-ins, divestitures, and growth capital needs. Argos Soditic is a generalist investor with interest in aerospace, manufacturing, distribution, business services, chemicals, marketing, industrial products, packaging, staffing, medical products, and healthcare services. Argos Soditic was formed in 1989 and is headquartered in Paris.


Deal Context for Buyer #
Overall 83 of 84
Sector: Food 5 of 5
Type: Secondary Buyout 14 of 15
Country: Italy 18 of 18
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-17 Karl Schmidt

Preussisch Oldendorf, Germany

Karl Schmidt operates a branch bakery in the fourth generation. Karl Schmidt has established itself as a regional market leader through artisanal baking combined with modern processes and has continuously developed through innovative products and sales concepts. Karl Schmidt is based in Preussisch Oldendorf, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-23 Fulgard

Vicenza, Italy

Fulgard provides regulated installation and maintenance fire safety services and manages mandatory occupational services for corporate clients. Fulgard is based in Vicenza, Italy.

Sell -
Buyer

Kartesia

Investor Investor Investor Investor Investor


Category Lender
Founded 2013
PE ASSETS 7.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €150 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.


Deal Context for Buyer #
Overall 53 of 53
Sector: Food 2 of 2
Type: Secondary Buyout 19 of 19
Country: Italy 3 of 3
Year: 2024 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-18 Teknicalde

Elgoibar, Spain

Teknicalde is an industrial group specializing in high-added-value metal transformation and the manufacture of machine-welded parts. Teknicalde was founded in 1987 and is based in Elgoibar, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-30 Optegra

London, United Kingdom

Optegra is an eye healthcare provider treating A-Z eye conditions that is supported by dedicated optometrists, healthcare technicians and consultants who provide a wide range of procedures including lens replacement (Clarivu), laser eye surgery, cataract removal, glaucoma, and AMD. Optegra was founded in 2007 and is based in London, United Kingdom.

Sell -

Seller Profiles 2

SELLER

CAPZA

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 9.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CAPZA is a provider of equity and junior capital to small and medium-sized unlisted French companies. CAPZA does not have any sector preferences and looks to invest in companies valued from €20 to €400 million. CAPZA was formed in 2004 and is based in Paris.


Deal Context for Seller #
Overall 50 of 50
Sector: Food 3 of 3
Type: Secondary Buyout 34 of 34
Country: Italy 1 of 1
Year: 2024 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-24 Octime Group

Biron, France

Octime Group creates innovative packaged HR software solutions for time management and staff scheduling. Octime Group supports its clients abroad and it offers in several countries through its own agencies and local partners. Octime Group was founded in 1998 and is based in Biron, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-10 European Dynamics

Athens, Greece

European Dynamics is a provider of eGovernment software and digital transformation services to Governments and International Institutions. European Dynamics is based in Athens, Greece.

Buy -
SELLER

Cerea Partners

Neuilly sur Seine, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.5B EUR
Size Large
Type Sector Focused
DESCRIPTION

Cerea Partners is a specialist investment firm focused on investing in and providing finance to agriculture and related sustainable food businesses. Cerea primarily targets companies in Western Europe and looks to invest in companies valued between €20 and €500 million. Prospective transaction situations includes LBOs, LBIs, OBOs, and spin-offs. Cerea Partners was formed in 2004 and is based in Paris, France.


Deal Context for Seller #
Overall 31 of 32
Sector: Food 16 of 16
Type: Secondary Buyout 18 of 18
Country: Italy 1 of 1
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-18 Marbour

Marseille, France

Marbour is an international group with two main business divisions food products and environmental services. The company operates in the European dry and ready-to-eat rice industry and also provides environmental solutions, including water treatment and the distribution of chemical products. Marbour was founded in 1987 and is based in Marseille, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-15 Axium Packaging

Andrezieux -Boutheon, France

Axium Packaging is a PET (recyclable) & R-PET (recycled) plastic packaging solutions specialist. Axium mainly designs and manufactures plastic packaging solutions for the food, healthcare, and beauty sectors. Axium's products are divided between flasks, plugs, and boxes. Axium was founded in 1968 and is based in Andrezieux -Boutheon, France.

Sell -

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