Divestiture • Machinery

Triton Partners Acquires DencoHappel

On April 16, 2014, private equity firm Triton Partners acquired machinery company DencoHappel from GEA Group for 1.3B EUR

Acquisition Context
  • This is Triton Partners’ 4th transaction in the Machinery sector.
  • This is Triton Partners’ 2nd largest (disclosed) transaction.
  • This is Triton Partners’ 16th transaction in Germany.
Investment Fate
  • DencoHappel merged with another company in 2016.

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M&A Deal Summary

Date April 16, 2014
Target DencoHappel
Sector Machinery
Buyer(s) Triton Partners
Sellers(s) GEA Group
Deal Type Divestiture
Deal Value 1.3B EUR

Target Company

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.
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Buyer Overview 1

Buyer

Triton Partners

Frankfurt, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 21.0B 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 Context for Buyer #
Overall 45 of 105
Sector: Machinery 4 of 5
Type: Divestiture 19 of 33
Country: Germany 16 of 35
Year: 2014 2 of 6
Size (of disclosed) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-25 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-23 Stabilus

Koblenz, Germany

Stabilus is a manufacturer of gas springs, hydraulic vibration dampers, continuously adjustable door stays, and automatic opening and closing systems for doors, trunk lids, and tailgates. Stabilus was incorporated in 1934 and is based in Koblenz, Germany.

Sell -

Seller Profile 1

SELLER

GEA Group

Dusseldorf, Germany

Category Company
Founded 1881
Sector Food
Employees19,153
Revenue 5.4B EUR (2024)
DESCRIPTION

GEA Group is a providers for food and energy processes. As an internationally operating technology group, the company focuses on process technology and components for demanding production processes in various end markets. GEA Group was founded in 1881 and is based in Dusseldorf, Germany.


Deal Context for Seller #
Overall 2 of 7
Sector: Machinery 1 of 3
Type: Divestiture 1 of 5
Country: Germany 2 of 4
Year: 2014 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 CFS-Dixie Flexibles

Kempten, Germany

Leading manufacturer of premium roofing and roof maintenance products. Henry also manufactures complete lines of driveways coatings, commercial specialty products and building envelope systems

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Kelvion

Herne, Germany

Kelvion is a manufacturer of industrial heat exchangers for different kinds of markets. Kelvion was founded in 1920 and is based in Herne, Germany.

Sell -

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