Divestiture • Utilities

Triton Partners Acquires Hanab

On April 10, 2024, private equity firm Triton Partners acquired utilities company Hanab from Volker Wessels Stevin NV

Acquisition Context
  • This is Triton Partners’ 2nd transaction in the Utilities sector.
  • This is Triton Partners’ 5th transaction in the Netherlands.

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M&A Deal Summary

Date April 10, 2024
Target Hanab
Sector Utilities
Buyer(s) Triton Partners
Sellers(s) Volker Wessels Stevin NV
Deal Type Divestiture

Target Company

Hanab

Amsterdam, Netherlands
Hanab is a multi-utility service provider with dedicated focus on sustainable and digital solutions in the fields of energy & utility, connectivity and building installation services. Hanab is based in Amsterdam, Netherlands.
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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 103 of 105
Sector: Utilities 2 of 2
Type: Divestiture 32 of 33
Country: Netherlands 5 of 5
Year: 2024 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 Norstat

Oslo, Norway

Norstat provides data collection and processing information to professional users of market analysis and other types of research. The company conducts annually 1.5 million interviews in the Nordic region, mainly by using online panels and telephone interviews (CATI) and has the largest pre recruited online panel in the Nordic region, representing a solid base for further strengthening its position in a growing industry. Norstat was founded in 1997 and is based in Oslo, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 Seves Group

Tour Egee, Italy

Seves Group manufactures glass and composite insulators for high and medium power transmission and distribution systems, as well as glass blocks for architectural and interior design applications. Seves Group is based in Tour Egee, Italy.

Sell -

Seller Profile 1

SELLER

Volker Wessels Stevin NV

Rotterdam, Netherlands

Category Company
Sector Building Materials
Employees16,600
Revenue 4.3B EUR (2012)
DESCRIPTION

VolkerWessels Stevin N.V. (‘VWS’) is one of the three large Dutch construction conglomerates, commanding leading positions in the Dutch infrastructural construction and (non-) residential and property development markets. In addition, the company has significant positions in the UK construction and fast growing North American land development markets.


Deal Context for Seller #
Overall 1 of 1
Sector: Utilities 1 of 1
Type: Divestiture 1 of 1
Country: Netherlands 1 of 1
Year: 2024 1 of 1

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