Argos Wityu’s Investment in Wibit Sports


King & Wood Mallesons and Fried Frank advised on the deal


Argos Wityu on the acquisition of a majority stake in Wibit Sports GmbH (Wibit Sports), the pioneer in the field of floating waterparks worldwide.

Wibit Sports, the Bocholt-based company, produces floating waterparks made from inflatable PVC modules, which are used in open waters off the coast and lakes as well as outdoor and indoor pools as a leisure attraction in over 90 countries. It is the unchallenged market leader in this self-established industry. To date, around 600 parks have been installed. With 36 employees, the company generates annual sales in the lower two-digit million range.

With Argos Wityu as a strategic partner, Wibit Sports aims to drive further internationalization and expand its successful business model.

King & Wood Mallesons (KWM) has advised Argos Wityu with a team including Markus Herz (Picture), Dr. Tilmann Becker (counsel), Dr. Laura Schumann, Floris Schilling, Dr. Katrin Thoma, Xia Li (all associates) (all Corporate/M&A), Dr. Johannes Reitzel (counsel, Employment Law), Markus Hill (partner, Tax and Structuring).

Fried Frank advised owner and sellers of Wibit Sports GmbH with a team including corporate partner Dr. Christian Kleeberg, tax partner Katrin Gänsler; antitrust and competition partner Dr. Tobias Caspary; executive compensation & ERISA partner Jeffrey Ross; corporate special counsel Thorsten H. Stuecklin; executive compensation & ERISA special counsel Andrea L. Pollak; corporate associates Dr. Peter Breschendorf, Anjela Keiluweit, and Dr. Jan Thomas Petersen; and antitrust and competition associate Max Küttner.

Involved fees earner: Christian Kleeberg – Fried Frank Harris Shriver & Jacobson; Thorsten Stuecklin – Fried Frank Harris Shriver & Jacobson; Peter Breschendorf – Fried Frank Harris Shriver & Jacobson; Anjela Keiluweit – Fried Frank Harris Shriver & Jacobson; Jan Thomas Petersen – Fried Frank Harris Shriver & Jacobson; Katrin Gänsler – Fried Frank Harris Shriver & Jacobson; Tobias Caspary – Fried Frank Harris Shriver & Jacobson; Max Kuttner – Fried Frank Harris Shriver & Jacobson; Jeffrey Ross – Fried Frank Harris Shriver & Jacobson; Andrea Pollak – Fried Frank Harris Shriver & Jacobson; Markus Herz – King & Wood Mallesons; Tilmann Becker – King & Wood Mallesons; Johannes Reitzel – King & Wood Mallesons; Markus Hill – King & Wood Mallesons;

Law Firms: Fried Frank Harris Shriver & Jacobson; King & Wood Mallesons;

Clients: Argos Wityu; Wibit Sports GmbH;