Argos Wityu, a European private-equity group, has acquired a majority stake in Karl Schmidt GmbH, a market-leading German bakery chain operating under the brand Bäckerei Schmidt. The acquisition is part of Argos Wityu’s Mid-Market VIII fund and aligns with the firm’s extensive experience in the food and consumer goods sectors. The management of Karl Schmidt GmbH, led by Managing Director Martin Manski, will retain a minority share and continue leading the company. The aim is to double the number of stores through new openings and add-on acquisitions over the next five years. The transaction, which remains subject to regulatory approval, marks the exit of former majority shareholder Odewald KMU, which had acquired Karl Schmidt GmbH in 2017. Argos Wityu will support the bakery in further expanding its footprint, adopting ESG initiatives, and enhancing the customer experience.

Private Equity, Food and Consumer Goods, Retail,Germany, Europe

Argos Wityu acquires German bakery chain Bäckerei Schmidt, a regional market leader, from Odewald KMU