Argos Wityu (f.k.a. Argos Soditic), the France based private equity firm, has acquired a majority stake in Karl Schmidt GmbH, the Germany based company operating a bakery chain under the Backerei Schmidt brand, from Odewald KMU II Gesellschaft für Beteiligungen mbH, the Germany based private equity fund co-managed by Odewald KMU, and other shareholders. The management will retain a stake in the company. Managing Director Martin Manski is increasing his stake as part of the transaction.
- Target – Karl Schmidt GmbH
- Buyer – Argos wityu
- Buyer – Martin Manski (private investor)
- Seller – ODEWALD KMU II Gesellschaft für Beteiligungen mbH
