M&A Deal Summary

Triton Partners Acquires Reesink

On June 11, 2019, private equity firm Triton Partners acquired distribution company Reesink from Rivean Capital and Navitas Capital

Acquisition Highlights
  • This is Triton Partners’ 4th transaction in the Distribution sector.
  • This is Triton Partners’ 4th transaction in the Netherlands.

M&A Deal Summary

Date 2019-06-11
Target Reesink
Sector Distribution
Buyer(s) Triton Partners
Sellers(s) Rivean Capital
Navitas Capital
Deal Type Secondary Buyout

Target

Reesink

Apeldoorn, Netherlands
Reesink is an international distributor of high-quality machines and components for agriculture, landscape maintenance, warehouse design, and civil engineering. Reesink was founded in 1786 and is based in Apeldoorn, Netherlands.

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Buyer(S) 1

Buyer

Triton Partners

Frankfurt, Germany

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 STATS #
Overall 75 of 105
Sector: Distribution M&A 4 of 5
Type: Secondary Buyout M&A Deals 17 of 26
Country: Netherlands M&A 4 of 5
Year: 2019 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-06 Befesa Medio Ambiente S.A.

Seville, Spain

Befesa Medio Ambiente S.A. is a provider of an innovative sustainable solutions for the management and recycling of industrial residues.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Tokai COBEX

Wiesbaden, Germany

Tokai COBEX GmbH is a manufacturer of carbon and graphite products for the primary aluminum and iron making industry and other metallurgical smelting processes. Tokai COBEX’s core areas of expertise lie in the manufacture of cathodes, furnace linings, and carbon electrodes in premium quality and with maximum consistency. Tokai COBEXenjoys long-standing, trust-based partnerships with numerous customers around the world. Through innovative solutions, Tokai COBEX helps its customers create added value and optimize the total cost of ownership. A highly skilled team with years of experience in product development and application assists our customers with their technical knowledge and expertise. Tokai COBEX was formed in 2017 and is based in Wiesbaden, Germany with two plants in Poland and sales and technical services in China.

Sell €825M

Seller(S) 2

SELLER

Rivean Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Gilde Buy Out Partners (GBO) is unit of Gilde Investment Management, a Dutch private equity group. Gilde Buy Out Partners (GBO) targets investments in larger businesses valued from €75 and €600 million with at least €8 million in cash flow. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. GBO looks for investments across Western Europe, with an emphasis on opportunities in Belgium, The Netherlands, Luxembourg, France, Germany, Switzerland and Austria. Gilde was formed in 1982 and has offices in Utrecht, Paris, Brussels, and Zurich.


DEAL STATS #
Overall 32 of 43
Sector: Distribution M&A 3 of 4
Type: Secondary Buyout M&A Deals 18 of 22
Country: Netherlands M&A 20 of 26
Year: 2019 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-29 Gundlach Automotive

Raubach, Germany

Gundlach Automotive Corp. is a distributor of tires, rims, completely fitted wheels, and related services well as wheel assembly services to blue-chip car OEMs. Headquartered in Raubach and employing over 650 people, the Group is active in six countries, including Germany, Austria, Hungary, the Slovak Republic, Sweden, and the Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-20 TMC Group

Eindhoven, Netherlands

TMC Group is a technical and R&D personnel outsourcing specialist, placing highly educated (majority college/Ph.D. level) and experienced professionals at firms in technology-driven industries through specialized business cells. TMC Group was founded in 2000 and is based in Eindhoven, Netherlands.

Sell -
DESCRIPTION

Navitas Capital is a private investment group focused on Dutch-based, growth oriented companies where the firm can commit €5 to €12.5 million of capital. The Firm will consider public and private opportunities with a preference for majority investment positions. Navitas Capital is based in Alphen aan den Rijn, the Netherlands.


DEAL STATS #
Overall 5 of 6
Sector: Distribution M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: Netherlands M&A 5 of 6
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 Partou

Vianen, Netherlands

Partou is a child care organization that provides the best possible child care at reasonable costs. Partou was founded in 2003 and is based in Vianen, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Delta Wines

Waddinxveen, Netherlands

Delta Wines is the parent of DGS Wijnkopers, Coenecoop Wine Traders and Pallas Wines. These three companies focus on the import and distribution of wines in the Netherlands and supplying to the retail, specialty shops and wholesalers. Delta Wines is based in Waddinxveen, Netherlands.

Buy -