Pava Partners has advised Argos Wityu (“Argos”), an independent pan-European investment company, on acquisition financing for its investment in the aktivoptik Group (“aktivoptik”), one of the five largest optician and acoustician chains in Germany. The participation takes place within the framework of a succession plan. The parties have agreed not to disclose further details of the transaction.

With the new shareholder Argos, the founding family of aktivoptik wants to use the company’s strong market position to further expand its presence through new branches and to open up new growth opportunities, e.g. through selective acquisitions. aktivoptik shall be prepared for the future and further growth shall be generated.

About Argos Wityu

Argos Wityu has over 30 years of experience in the private equity sector is an independent, pan-European investment company with offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris. Argos Wityu focuses on management buy-outs, buy-ins and spin-offs of small and medium-sized companies with an enterprise value between 20 and 200 million euros. The funds advised by Argos Wityu invest in majority shareholdings with equity tickets between Euro 10 and 100 million.

About aktivoptik

The Bad Kreuznach-based company is one of the five largest optician and acoustician chains in Germany with 76 locations, around 560 employees and a recently reported annual turnover of around 50 million euros. The company’s product range includes prescription frames, sunglasses, contact lenses and – since 2007 – hearing aids; trained acousticians are available at over 30 locations. In addition, aktivoptik sells accessories and care products for good vision and hearing. In the optics sector, the product range includes own brands as well as spectacle frames from renowned designers and brand manufacturers.