M&A Deal Summary

Triton Partners Acquires Assemblin

On June 22, 2006, private equity firm Triton Partners acquired business services company Assemblin from Segulah Advisor AB and Priveq

Acquisition Highlights
  • This is Triton Partners’ 2nd transaction in the Business Services sector.
  • This is Triton Partners’ 5th transaction in Sweden.
Investment Fate
  • Assemblin was sold to a strategic buyer in 2008.
  • Assemblin was divested to a consortium of buyers in 2015.

M&A Deal Summary
Date 2006-06-22
Target Assemblin
Sector Business Services
Buyer(s) Triton Partners
Sellers(s) Segulah Advisor AB
Priveq
Deal Type Secondary Buyout

Target

Assemblin

Hägersten, Sweden
Assemblin is a technical installation/services company focused on specialist services - primarily within Electrical, Heating & Plumbing, and HVAC. The Company offers an array of services in heating and water sanitation, ventilation and electrical installation under the brand Assemblin. Assemblin was founded in 1949 and is based in Hägersten, Sweden.

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Buyer(S) 1

Buyer

Triton Partners

Frankfurt, Germany

Investor Investor

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 12 of 93
Sector (Business Services) 2 of 10
Type (Secondary Buyout) 2 of 25
Country (Sweden) 5 of 20
Year (2006) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-22 Basler Fashion

Goldbach, Germany

Basler Fashion GmbH manufactures and markets apparel for women

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 Bravida

Stockholm, Sweden

Bravida is a Nordic provider of sustainable end-to-end solutions for electrical systems, heating and plumbing, HVAC and other technical functions in properties and facilities. The Company has branches in around 180 locations across Sweden, Norway, Denmark and Finland. Bravida was founded in 1922 and is based in Stockholm, Sweden.

Buy -

Seller(S) 2

SELLER

Segulah Advisor AB

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 11.1B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Segulah Advisor AB is a Swedish private equity firm focused on buyouts of mid-sized companies throughout Scandinavia. Segulah seeks profitable companies with defensible market positions, strong development potential, and experienced management. The Firm targets companies with annual revenues upto SEK 2 billion. Segulah Advisor AB was formed in 1994 and is based in Stockholm.

DEAL STATS #
Overall 9 of 40
Sector (Business Services) 1 of 5
Type (Secondary Buyout) 1 of 7
Country (Sweden) 9 of 36
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-05 PMC Hydraulics Group AB

Helsingborg, Sweden

PMC Hydraulics Group AB is a provider of innovative hydraulic systems and components for customers in the industrial, energy, mobile and marine sectors. PMC Hydraulics was formed in 1957 and is based in Helsingborg, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-30 Joy Shop AB

Molndal, Sweden

Joy Shop AB is a specialized fashion retailer. Joy Shop chain includes 55 wholly owned stores in Sweden.

Buy -
SELLER

Priveq

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 6.3B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Priveq is a private equity firm that invests in privately owned, small and medium-sized Scandinavian companies. Priveq targets profitable businesses with strong market positions and growth potential. The Firm looks to invest SEK 5 – 200 million in companies with sales typically greater than SEK 100 million. Priveq generally seeks equity between 30 and 70 percent in portfolio companies. The Firm will invest in a wide range of industries, but avoids real estate. Prospective transaction types include MBOs and growth capital financings. Priveq Investment was formerly known as Skandia Investment AB. The Firm was formed in 1983 and is based in Stockholm.

DEAL STATS #
Overall 4 of 34
Sector (Business Services) 1 of 4
Type (Secondary Buyout) 2 of 10
Country (Sweden) 4 of 31
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-30 Boomerang Sweden AB

Stockholm, Sweden

Boomerang Sweden AB is a Swedish fashion company. Boomerang’s philosophy is to produce classic quality clothes for women and men, with the motto “quality rather than quantity”. Boomerang Sweden was established in 1976 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-11 WoodEye

Linköping, Sweden

Innovativ Vision AB is a developer and marketer of WoodEye product range, a scanner system for timber industry quality control. The system scans timber for knots, pigmentation, and other defects at full production speed with high precision. Innovativ Vision was established in 1983 and is based in Linköping, Sweden.

Buy -
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