M&A Deal Summary

Triton Partners Acquires FläktGroup

On June 16, 2016, private equity firm Triton Partners acquired building materials company FläktGroup from Sagard, Equistone and Intermediate Capital Group

Acquisition Highlights
  • This is Triton Partners’ 4th transaction in the Building Materials sector.
  • This is Triton Partners’ 19th transaction in Germany.

M&A Deal Summary
Date 2016-06-16
Target FläktGroup
Sector Building Materials
Buyer(s) Triton Partners
Sellers(s) Sagard
Equistone
Intermediate Capital Group
Deal Type Secondary Buyout

Target

FläktGroup

Herne, Germany
FläktGroup is a provider of ventilation and air climate solutions for buildings as well as air movement solutions for industry and infrastructure applications. Fläkt has built up expertise in applications by delivering top BREEAM, LEED, DGNB or HQE solutions for major projects for: offices, hotels, hospitals, airports, and commercial construction projects including specialist applications like data-centers, pharmaceutical, marine, nuclear, oil and gas all over the world. FläktGroup was formed in 2002 and is based in Herne, Germany.

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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 51 of 93
Sector (Building Materials) 4 of 5
Type (Secondary Buyout) 11 of 25
Country (Germany) 19 of 31
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-09 Veltec

Ringsted, Denmark

Veltec is a provider of industrial maintenance and projects. Veltec was founded in 1962 and is based in Ringsted, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 COMPO

Munster, Germany

COMPO provides a wide range of technically superior products under one of the most respected and well-known brands in the industry. Its diverse product portfolio offers retailers and consumers ‘bio’ alternatives to traditional gardening product solutions. COMPO was founded in 1956 and is based in Munster, Germany.

Sell -

Seller(S) 3

SELLER

Sagard

Paris, France

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2001
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Sagard is a multi-strategy alternative investment manager that invests across a variety of asset classes. These include private equity, public equity, private credit, royalties, and venture capital. Prospective transactions typically include buyouts or growth capital financings, where Sagard will consider either majority or minority positions. Sagard was formed in 2001 and is based in Montreal, Quebec.

DEAL STATS #
Overall 16 of 25
Sector (Building Materials) 3 of 3
Type (Secondary Buyout) 9 of 16
Country (Germany) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-18 Grand Frais

Givors, France

Grand Frais is a fresh food retail specialist, offering under one roof an extensive selection of quality fresh products (fruits & vegetables, seafood, meat, dairy and grocery). Grand Frais was founded in 1992 and is based in Givors, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-15 Ipackchem

Paris, France

Ipackchem is a manufacturer of barrier packaging. Its products are mainly used in the transport and storage of aromas, fragrances, and agrochemical products, for which permeability, contamination, and evaporation constraints are critical. Ipackchem Group is based in Paris, France.

Buy -
SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.

DEAL STATS #
Overall 142 of 194
Sector (Building Materials) 4 of 4
Type (Secondary Buyout) 68 of 91
Country (Germany) 19 of 29
Year (2016) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-03 OneOcean

Enfield, United Kingdom

OneOcean is a distributor of navigational data charts, marine technical publications and digital products. OneOcean was founded in 1998 and is based in Enfield, United Kingdom.

Buy £55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 Sihl

Bern, Switzerland

Sihl is an international provider of printed media solutions in the growing digital printing market. The business specializes in the coating and finishing of papers, films and fabrics. Sihl has evolved into an established premium industry brand with a customer base in industries such as print & publishing, photography & imaging, home & office and tourism & events. Sihl sells primarily through B2B channels to distributors, converters and print solution OEMs.

Buy -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.

DEAL STATS #
Overall 175 of 217
Sector (Building Materials) 6 of 9
Type (Secondary Buyout) 65 of 83
Country (Germany) 15 of 17
Year (2016) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-06 Ethypharm

SaintCloud, France

Ethypharm is a Drug Delivery System (DDS) company. The company develops and manufactures medicinal products specialising in controlled release products. Drug Delivery Systems provide major benefits including improving the drug efficacy, enhancing patient compliance and comfort, extending the life cycle of existing drugs, and reducing the total cost of treatment. Ethypharm was founded in 1977 and is based in SaintCloud, France.

Sell €750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-11 Fort Dearborn

Elk Grove, Illinois, United States

Fort Dearborn is a supplier of high-impact decorative labels for the beverage, food, household products, paint and coatings, personal care, private label/retail, and spirits markets. Fort Dearborn is headquartered in Elk Grove, Illinois.

Sell -
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