M&A Deal Summary

Triton Partners Acquires Norres

On October 9, 2018, private equity firm Triton Partners acquired plastics company Norres

Acquisition Highlights
  • This is Triton Partners’ 1st transaction in the Plastics sector.
  • This is Triton Partners’ 23rd transaction in Germany.
Investment Fate
  • Norres was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2018-10-09
Target Norres
Sector Plastics
Buyer(s) Triton Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Norres

Gelsenkirchen, Germany
website
Norres is a manufacturer of plastic industrial hoses with production sites in Germany, China and the U.S. Norres offers an extensive range of standard and made-to-measure branded industrial hoses which are used for pneumatic conveying of different media types (i.e. solids, gases or liquids) across various industries. Norres was founded in 1889 and is based in Gelsenkirchen, Germany.

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Buyer(S) 1

Buyer

Triton Partners

Frankfurt, Germany

Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 15.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.


DEAL STATS #
Overall 66 of 87
Sector (Plastics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 18 of 24
Country (Germany) 23 of 29
Year (2018) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 SKF Motion Technologies

Gothenburg, Sweden

SKF Motion Technologies is a global provider of electrical linear actuator components- and systems as well as linear motion products, with market leading positions and differentiated offerings in global niche markets, including high end medical and industrial actuators and roller screws. Headquartered in Gothenburg, Sweden, the company operates nine production sites (Sweden, France (2), Switzerland, Germany (2), US, Taiwan and China), 13 dedicated sales units and employs approximately 1,200 employees.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-12 Dantaxi

Bagsværd, Denmark

Dantaxi is an aggregator of taxi services. Dantaxi was formed in 1937 and is based in Bagsværd, Denmark.

Buy -