Rantum Capital completes growth financing for Argo Group
- May 10, 2016
- Argo is a leading German provider of staffing services
- Fresh capital will be used to finance further growth and buyout of an exiting minority shareholder
- Rantum fund continues to implement its proven investment strategy with a focus on the German Mittelstand
Frankfurt-based asset manager Rantum Capital has completed a new investment for its current fund, Rantum Private Debt Fund I – this time a subordinated loan for Argo Group (www.argo-personal.de), a leading German provider of staffing services catering to customers from various industries, with a special focus on aviation maintenance. The capital will be used to finance further profitable growth as well as for the buyout of an exiting minority shareholder.
Rantum Capital Managing Directors Dirk Notheis and Marc Pahlow comment: “Argo Group has grown continuously and in a profitable fashion over the last 20 years. Thanks to its long-standing customer relationships, its qualified and highly motivated staff and the efficient back office processes the company is well positioned for the future. We are delighted to being able to contribute to the next chapter of this success story with both our investment and networks.”
Argo owner and CEO Marcus Schulz added: “Essential for my decision in favor of Rantum was on the one hand the entrepreneurial understanding for our industry and its drivers, and on the other hand its ability to meet the tight time plan necessitated by the transaction. The entire investment process up until signing and closing was executed by the Rantum team on time and on budget exactly as agreed beforehand. I am looking forward to the future partnership with Rantum Capital.”
With the Argo investment, Rantum continues to implement its strategy to invest in subordinated loans for growing businesses. As is the case for Argo, the need for extra capital is usually event driven, e.g. for growth, generational handovers, M&A or buyout of minority shareholders. Rantum Capital was founded in 2013 by more than a dozen successful German entrepreneurs and former DAX-30 top executives who act as Industrial Partners and have strong networks into the German economy. Through its networks Rantum Capital generates the vast majority of its deal flow on a proprietary basis and does rarely participate in auctions.
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