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Private Equity
arguscapitalgroup.com

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Investments

17

Portfolio Exits

12

Funds

2

About Argus Capital Partners

Founded in 1998, Argus Capital Partners is a London, United Kingdom based private equity firm.

Argus Capital Partners Headquarter Location

26-28 Hammersmith Grove

London, England, W6 7BA,

United Kingdom

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Latest Argus Capital Partners News

Ambienta acquires control of Calucem Group

Aug 29, 2019

Ambienta today announced it has led the acquisition of Calucem Group (“Calucem”) from ARGUS Capital Partners II. Calucem ranks #2 in the world as a Calcium Aluminate Cements (“CAC”) developer, manufacturer and distributor and is one of only a few competitors with global reach in the sector. With annual revenues approaching €50m, Calucem sells in more than 60 countries, with the US and Germany being the largest. As a global player, Calucem operates through an R&D and commercial centre in Mannheim (D), operations in Pula (HR), sales and marketing offices in the US and Singapore, a bauxite quarry in Izmir (TR) with distribution centres in the US, UK and Sweden. CAC are a family of high-value and high-performance specialty binders used for their high strength, rapid hardening and heat resistance. CAC based materials are at the base of the success of large, global and fast growing end markets such as building chemistry, refractories and several specialties such as, for example, specialty pipes. In Building Chemistry, the largest end market, CAC is often used in blends with ordinary cement (“OPC”), improving its performance, reducing the needed quantity including sometimes even replacing OPC. The effect of such OPC displacement corresponds, for Calucem’s sales only, to a saving of about 250,000 tons of CO2 emission per annum, equivalent, as an example, to the elimination of about 120,000 passenger cars. Furthermore, when used as a binder CAC can replace phenolic resins, a very powerful but highly toxic solution. In recent years, Calucem posted solid gains in the fast-growing building chemistry market by developing new product applications where CAC’s high-performance characteristics create value-added solutions. Its technical expertise eventually delivered long term, growing, commercial relationships. Ambienta led the transaction, bringing along two institutional co-investors and Gilles Bonaert, CEO of Calucem, with his management team. UniCredit Group provided the debt financing in support of the acquisition, acting as sole MLA & Bookrunner and Agent, through its affiliates UniCredit Bank Austria (A), Zagrebačka banka (HR) and UniCredit Bank AG (UK). Nino Tronchetti Provera, Managing Partner of Ambienta commented: “Calucem represents a typical Ambienta transaction: the ability to understand a niche business with a strong, but not immediately visible, environmental angle, led by a superior and proven management team who embraced our culture and industrial approach. Furthermore, this deal proves Ambienta’s ability to complete larger transactions, with co-investors and in a competitive process, on a pan-European basis. The origination was done by our London office and execution saw London work hand in hand with both our Dusseldorf and Milan offices”. Stefano Bacci, Partner in London responsible for UK and Nordics, commented: “Due to our focus on environmental trends and industry knowledge, we were very fast to recognise the opportunity behind Calucem: the rare combination of growth potential with cash flow stability and resilience. We are confident that the newly formed partnership between Ambienta and Calucem’s management will further support Calucem’s growth on a world-wide basis and strengthen its leadership in CAC over the long term”. Gilles Bonaert, CEO who masterminded the MBO of Calucem from Heidelberg Cement in 2006 and has managed it ever since, commented: “Calucem’s management team is keen to work with Ambienta because of their expertise in environmentally driven strategies. After years of successful market expansion and new product introductions, the time is now to accelerate growth by leveraging our industrial value added combined with our environmental credentials” The core Ambienta team that worked on the transaction included Stefano Bacci from London, Francesco Lodrini and Andrea Venturini from the Milan office. Ambienta was advised by the Boston Consulting Group (Commercial); Zagrebačka banka, member of UniCredit Group (M&A); Grimaldi, Dechert, Porobija & Porobija, King & Wood Mallesons (Legal), KPMG, PWC and CBA (Financial and Tax), Carbon Trust and Ramboll (Environmental).

Argus Capital Partners Investments

17 Investments

Argus Capital Partners has made 17 investments. Their latest investment was in RIO Media as part of their Private Equity on January 1, 2012.

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Argus Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/1/2012

Private Equity

RIO Media

Yes

1

1/1/2011

Private Equity

Kalenobel

Yes

1

12/31/2010

Growth Equity

IMH Saglik Hizmetleri

Yes

Undisclosed Investors

1

5/11/2003

Series B

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$99M

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10

10/16/2001

Unattributed VC - II

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$99M

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0

Date

1/1/2012

1/1/2011

12/31/2010

5/11/2003

10/16/2001

Round

Private Equity

Private Equity

Growth Equity

Series B

Unattributed VC - II

Company

RIO Media

Kalenobel

IMH Saglik Hizmetleri

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Amount

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Undisclosed Investors

Sources

1

1

1

10

0

Argus Capital Partners Portfolio Exits

12 Portfolio Exits

Argus Capital Partners has 12 portfolio exits. Their latest portfolio exit was RIO Media on September 25, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/25/2017

Acquired

1

11/29/2016

Acquired

$99M

7

6/2/2016

Corporate Majority

$99M

1

4/18/2016

Acq - Fin - III

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10

3/5/2015

Acquired

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$99M

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10

Date

9/25/2017

11/29/2016

6/2/2016

4/18/2016

3/5/2015

Exit

Acquired

Acquired

Corporate Majority

Acq - Fin - III

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

7

1

10

10

Argus Capital Partners Acquisitions

1 Acquisition

Argus Capital Partners acquired 1 company. Their latest acquisition was Calucem on October 06, 2010.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/6/2010

$99M

Acq - Fin - II

1

Date

10/6/2010

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin - II

Sources

1

Argus Capital Partners Fund History

2 Fund Histories

Argus Capital Partners has 2 funds, including Argus Capital Partners II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/19/2006

Argus Capital Partners II

Buyouts & Acquisitions

Closed

$344M

1

9/26/2000

Argus Capital Partners I

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$99M

10

Closing Date

12/19/2006

9/26/2000

Fund

Argus Capital Partners II

Argus Capital Partners I

Fund Type

Buyouts & Acquisitions

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Status

Closed

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Amount

$344M

$99M

Sources

1

10

Argus Capital Partners Team

1 Team Member

Argus Capital Partners has 1 team member, including current Managing Partner, Ali Artunkal.

Name

Work History

Title

Status

Ali Artunkal

Managing Partner

Current

Name

Ali Artunkal

Work History

Title

Managing Partner

Status

Current

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