M&A Deal Summary

Triton Partners Acquires Rütgers

On December 4, 2007, private equity firm Triton Partners acquired chemicals company Rütgers from Evonik Industries

Acquisition Highlights
  • This is Triton Partners’ 1st transaction in the Chemicals sector.
  • This is Triton Partners’ 6th transaction in Germany.
Investment Fate
  • Rütgers was sold to a strategic buyer in 2012 for 702M EUR.

M&A Deal Summary

Date 2007-12-04
Target Rütgers
Sector Chemicals
Buyer(s) Triton Partners
Sellers(s) Evonik Industries
Deal Type Divestiture

Target

Rütgers

Hanau, Germany
Leading supplier of basic aromatic products and carbon-based downstream technology products.

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Buyer(S) 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 STATS #
Overall 16 of 105
Sector: Chemicals M&A 1 of 4
Type: Divestiture M&A Deals 10 of 33
Country: Germany M&A 6 of 35
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-07 battenfeld-cincinnati

Bad Oeynhausen, Germany

battenfeld-cincinnati is a global extrusion equipment and services company that provides engineering and innovation. The company supplies extrusion equipment and downstream processing equipment, in addition to extensive tooling, dies, spare parts, and service capabilities, for the global pipe, profile, film, and sheet markets. Its operations span Europe, the United States, and Asia and include long-established and storied brands, such as Battenfeld-Cincinnati, Exelliq (formerly known as Greiner Extrusion), and Simplas. battenfeld-cincinnati was founded in 1943 and is based in Bad Oeynhausen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-30 OptiGroup

Molndal, Sweden

OptiGroup is a distribution group offering customised supply solutions to B2B customers. OptiGroup companies specialise in providing customers, primarily within cleaning & facility management, hotel & restaurant, healthcare, manufacturing industries and the graphical sector, with products and services that streamline operations and promote a more successful business. OptiGroup was founded in 1936 and is based in Molndal, Sweden.

Buy -

Seller(S) 1

SELLER

Evonik Industries

Essen, Germany

Category Company
Founded 1873
Sector Diversified
Employees31,273
Revenue 15.2B EUR (2024)
DESCRIPTION

Evonik Industries is an industrial corporation with worldwide operations grouped in three business areas Chemicals, Energy and Real Estate which are positioned at the forefront of their market segments. It is a global leader in specialty chemicals (former Degussa), an expert in power generation from hard coal and renewable energies (former STEAG) and one of Germany's largest privately owned residential real estate companies. Evonik Industries was founded in 1873 and is based in Essen, Germany.


DEAL STATS #
Overall 1 of 8
Sector: Chemicals M&A 1 of 5
Type: Divestiture M&A Deals 1 of 8
Country: Germany M&A 1 of 6
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-02 Jayhawk

Galena, Kansas, United States

Jayhawk is a fine chemical and custom manufacturing solutions, i.e. precursors for the production of agrochemicals. JAYHAWK is perfectly positioned as the focal point for the company's global fine chemical custom manufacturing activities, empowering agrochemical and industrial customers to benefit from JAYHAWK's expertise in complex, multi-step chemical synthesis. Founded in 1941, it employs 120 people and is headquartered in Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-16 United Initiators

Pullach, Germany

United Initiators is a global manufacturer of peroxides, persulfates and other specialty initiators. United Initiators’ products comprise organic peroxides, persulfates, hydrogen peroxide and speciality chemicals, which have a wide range of applications including the production of acrylics and latex polymers, paint, plastics, bleaching agents, denture cleaners, teeth whiteners and disinfectants. United Initiators was founded in 1911 and is based in Pullach, Germany.

Sell -