M&A Deal Summary

Triton Partners Acquires Cubility

On March 25, 2014, private equity firm Triton Partners acquired energy services and equipment company Cubility from EV Private Equity

Acquisition Highlights
  • This is Triton Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Triton Partners’ 2nd transaction in Norway.

M&A Deal Summary

Date 2014-03-25
Target Cubility
Sector Energy Services and Equipment
Buyer(s) Triton Partners
Sellers(s) EV Private Equity
Deal Type Secondary Buyout
Advisor(s) Alpha Capital, Inc. (Financial)

Target

Cubility

Sandnes, Norway
Cubility provides a cost-efficient and novel solution that simplifies the fluid cleaning system by replacing multiple components with one enclosed integrated system. Cubility was founded in 2005 and is based in Sandnes, Norway.

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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 43 of 93
Sector (Energy Services and Equipment) 2 of 4
Type (Secondary Buyout) 8 of 25
Country (Norway) 2 of 7
Year (2014) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-12 Puukeskus Oy

Helsinki, Finland

Puukeskus Oy is a market leader in the distribution of wood-based building materials in Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-16 DencoHappel

Herne, Germany

DencoHappel is a technology innovator in the field of air treatment, air conditioning, and filter technology as well as cooling process air. DencoHappel was founded in 1909 and is based in Herne, Germany.

Buy €1.3B

Seller(S) 1

SELLER

EV Private Equity

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 1.0B NOK
Size Small
Type Sector Focused
DESCRIPTION

Energy Ventures is an independent venture capital firm that manages/advises four venture funds. It actively seeks early- to mid-stage investments in technology companies that deliver a marketable, proprietary product or service in the upstream oil and gas sector. Energy Ventures focuses on investments based in the North Sea area or North America with an international orientation. Established in 2002, Energy Ventures is based in Stavanger, Norway with additional offices in Aberdeen, UK, and Houston, Texas.


DEAL STATS #
Overall 13 of 32
Sector (Energy Services and Equipment) 10 of 20
Type (Secondary Buyout) 1 of 4
Country (Norway) 7 of 12
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-31 Safran

Stavanger, Norway

Safran is a risk, project, and portfolio management software company. Safran has a client portfolio of Fortune 500 Global customers, many from the Engineering & Construction, Energy, and Infrastructure & Transportation sectors, and new customers have been signed up globally both directly and through international partners and resellers. Safran was established in 1997 and is based in Stavanger, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 PanGeo Subsea

St. John's, Newfoundland, Canada

PanGeo Subsea is a Marine geotechnical service delivery company specializing in acoustic imaging solutions to mitigate risk in offshore installations by imaging and identifying geohazards in the seabed (such as boulders, hard layers, shallow gas, and unexploded ordnance). PanGeo Subsea was founded in 2006 and is based in St. John's, Canada.

Sell -