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Home > PE News > By Region > Europe > Western Europe > Switzerland

Argos Sodotic makes second exit in a week Argos Sodotic makes second exit in a week

09 Feb 2010. Source: AltAssets
Argos Soditic has sold its stake in Swiss chocolate wafer company Kägi Söhne to an industrial family, netting the European private equity player a 4.2 times return and an IRR of 129 per cent.

This is Argos Soditic's second exit in a week, following the sale of the
French company Dinno Santé to the health division of Air Liquide for a 4.5 times return or 79 per cent IRR.

Argos Soditic acquired Kägi in 2008, along with Swiss Roland Murten  and Cansimag France, from listed Swiss distribution company Valora Holding for an undisclosed amount.

Kägi was the strongest of the three companies and was retained after the other two were sold to Swiss food company Cornu.

During the holding period, Kägi reinforced its market position in Switzerland, and grew its export markets in the Middle East, China and Russia. The wafer maker launched dark chocolate products to grow market share, especially in Germany and Russia.

Created in 1989, Argos operates from offices in Geneva, Paris and Milan. The firm raised its fifth fund in 2006, collecting €275m.

Copyright © 2010 AltAssets

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