Ashurst advised the Argo-Hytos Group on the acquisition of a shareholding in the Swiss-based specialist for hydraulic components and systems by Capcellence. The German finance investor acquired the minority shareholding in the course of a capital increase, the majority remaining with the founder family, Kienzle.

Thanks to the minority shareholding, Argo-Hytos is able to strengthen its competitive position and to establish a long-term basis to extend its ongoing strategy of internationalisation and innovation as a family business.

Ashurst advised with corporate partner Reinhard Eyring and corporate counsel Dr Philip Cavaillès from the Frankfurt office.

The Argo-Hytos Group, initially founded in Stuttgart, is an international technology specialist for high-quality customised hydraulic components and systems. With 1,300 employees at 17 locations worldwide the group based in Baar, Switzerland, recently generated sales of approximately €130 million.