Argos Wityu acquires Lavatio GmbH, a leading German B2B textile rental and laundry service provider
The European independent private equity firm Argos Wityu, through its Argos Climate Action fund (Article 9 SFDR), has signed an agreement to acquire a majority stake in Lavatio GmbH from funds advised by Ufenau Capital Partners. The transaction is expected to close by the end of the year.
Lavatio, headquartered in Hünfeld, Germany, 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.
