Argos Acquires RELEVI Majority Stake to Boost Sustainable Growth

Argos, an independent European private equity group, has acquired a majority stake in RELEVI, a leading private-label producer of homecare products, from ProA Capital. The transaction, completed in early 2026 and announced on April 8, 2026, also includes minority shareholders SWEN Responsible Investments in Sustainable Equity, BNP Paribas BNL Equity Investments, Anima Alternative SGR, and BBPM Invest SGR, who will retain stakes in the company.

RELEVI, headquartered in Italy, specializes in private-label manufacturing of gel air fresheners, toilet care products, scented candles, and pet care items. The company operates across major European markets including Italy, Spain, France, Germany, and the United Kingdom. With nearly six decades of industry experience, RELEVI is recognized for its strong partnerships with leading European retailers and brands, flexible production capabilities, and commitment to sustainability.

The deal’s financial terms were not disclosed. Argos will support RELEVI’s organic growth and implement a targeted buy-and-build strategy to consolidate its market position. The acquisition is executed through Argos Climate Action, a fund focused on sustainable investments aligned with Article 9 of the Sustainable Finance Disclosure Regulation (SFDR). This fund targets a minimum annual reduction of 7.5% in CO₂ intensity across its portfolio companies.

RELEVI has developed a comprehensive decarbonisation strategy addressing all three scopes of emissions. Initiatives include energy efficiency improvements, increased use of recycled and bio-based materials, and gradual replacement of chemical-based ingredients. The company also produces Ecocert-certified products in bathroom hygiene and home deodorisation, reflecting its commitment to environmental responsibility.

Paolo Iacono, RELEVI’s CEO, stated, “Argos’ approach fully aligns with our vision for the next phase of RELEVI’s development. We share common values, a strong entrepreneurial mindset, and a clear ambition for sustainable growth. As sustainability becomes an increasingly decisive differentiator in our markets, we are eager to accelerate our transformation while continuing to grow across Europe with the support of our new shareholders.”

Argos highlighted that the partnership will enhance RELEVI’s innovation capabilities and sustainability leadership, positioning the company to capitalize on emerging trends in the European homecare sector. The acquisition follows Argos Climate Action’s previous investments in diverse European companies focused on sustainability and growth.

Advisory roles in the transaction were fulfilled by several firms: DC Advisory and UBS acted as financial advisors, supported by ERM for decarbonisation and ESG due diligence, BCG and L.E.K. Consulting for commercial due diligence, EY Parthenon and Alvarez & Marsal for financial due diligence, WST for tax due diligence, WTW for insurance due diligence, and law firms Giovanelli & Associati and Legance for legal counsel.

The deal reflects broader industry trends where retailers increasingly demand low-carbon, sustainable products, prompting suppliers to innovate and reduce environmental impact. RELEVI’s enhanced sustainability profile and expanded production capacity are expected to strengthen its competitive position amid accelerating consolidation in the private-label homecare market.

Looking ahead, Argos plans to support RELEVI’s integration of acquisitions and sustainability initiatives while maintaining operational flexibility. The partnership aims to deliver long-term value through growth, innovation, and environmental stewardship.