Clearwater advises Argos Wityu on raising finance to support the acquisition of Lavatio
We have advised Argos Wityu SAS (Argos Wityu) on raising finance to support the acquisition of Lavatio GmbH (Lavatio), a leading German B2B textile rental and laundry service provider. A majority stake in Lavatio was acquired through the Argos Climate Action Fund, this marks the first investment made by the environmental buyout fund in Germany and its third in Europe. The transaction is expected to close by the end of the year.
Headquartered in Hünfeld, Germany, Lavatio provides textile rental and laundry services to more than 2,200 active customers across the hotel, restaurant, catering, healthcare, and workwear segments in Germany and Switzerland. The company is a one-stop shop for all laundry-related services including purchasing, logistics, washing, ironing, drying, quality control, and return, and it currently processes more than 230 tons of laundry per day. Lavatio operates eight laundries under seven local brands, with more than 750 employees. In addition, the company has more than 50 partner laundries, extending its geographic reach.
Argos Wityu is an independent, European private equity group that supports the growth of mid-sized businesses and backs management teams. With more than €1.8bn assets under management, over 35 years of experience, and assisted more than 100 businesses, Argos Wityu operates from offices in Amsterdam, Brussels, Frankfurt, Geneva, Luxembourg, Milan, and Paris.
Clearwater’s expert debt advisory services were instrumental in structuring a financing solution that aligns with our long-term growth and environmental transition strategy for Lavatio. Their guidance throughout the process ensured a seamless transaction and we look forward to working with Clearwater on future transactions.
We are delighted to have supported Argos Wityu in securing the financing for this acquisition, driving Lavatio’s growth and sustainability goals. It was a pleasure to leverage our debt advisory expertise to achieve a successful outcome for Argos Wityu.