Argos Wityu holds first close for Argos Climate Action at €120 million
Client(s) Argos Wityu SAS
Jones Day advised Argos Wityu in connection with the creation of the fund "Argos Climate Action", a buyout fund dedicated to decarbonizing European SMEs, which has held its first close at €120 million, reaching 40% of its initial target. Argos Climate Action is an SFDR article 9 fund. It is the first milestone of the strategy to extend the Argos Wityu platform beyond the historical Mid-Market funds. Argos Climate Action capitalizes on Argos Wityu's 30 years of experience in the European Mid-market. This innovative environmental transition strategy has been tailored to invest in companies with strong potential, which will gain a competitive advantage by strongly decarbonizing their activities. It therefore aims at shaping European sustainable leaders through its "Grey to Green" environmental transition strategy, based on the conviction that funding the decarbonization of everyday life companies can generate strong financial returns.
The ambitious objective of the fund is to reduce by 7.5%, each year, the carbon intensity of portfolio companies, while boosting their development.