Hamburg-based independent private equity firm CAPCELLENCE has in a new issue of shares acquired 49 % of the Swiss Argo-Hytos group. The capitalization was raised exclusively through equity capital and CAPCELLENCE could provide additional EUR 5M for continued international growth.

Argo-Hytos is a market leader for customized hydraulic systems with approximately EUR 130M in annual sales and 1,275 employees.

Setterwalls' advised in relation to Argo-Hytos operations in Sweden.

Setterwalls team consisted of Håkan Fohlin and Girion Blomdahl.