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Second Triton Smaller Mid-Cap Fund II closes at Euro 815m.

Cate­gory: Private Equity
Photo: Andi Klein, Mana­ging Part­ner and Head of TSM at Triton Partners
16. March 2021

Luxem­bourg — The second Triton Mittel­stands­fonds (“TSM II”) has successfully closed at €815 million due to strong inves­tor demand, signi­fi­cantly excee­ding the target of €600 million. The fund is the second invest­ment vehicle advi­sed by Triton to focus on invest­ments in low market capi­ta­liza­tion compa­nies. It follows the first Triton Mittel­stands­fonds (“TSM I”), which closed in 2017 with a volume of €448 million.

All fund­rai­sing was done virtually and recei­ved exten­sive pled­ges from exis­ting and new insti­tu­tio­nal inves­tors from around the world.

Peder Prahl, Direc­tor of the Gene­ral Part­ner for the Triton Funds, said, “I would like to thank all of our exis­ting and new inves­tors for their support and trust. With TSM II, we will conti­nue to invest in smal­ler and mid-sized compa­nies and in the same sectors and regi­ons as the larger company-focu­­sed fund Triton V. Our goal is to create better compa­nies and help them reach their full potential.

TSM II will typi­cally acquire a majo­rity stake in compa­nies that require an equity invest­ment of between €40 million and €100 million. The fund will build on the TSM I invest­ment stra­tegy and invest in compa­nies that are leaders in their niche but are not yet reali­zing their full poten­tial. Triton will work with manage­ment to create value through further profes­sio­na­liza­tion, expan­sion and digi­tiza­tion of the businesses.

Andi Klein (photo) , Mana­ging Part­ner and Head of TSM, added: “Triton has more than 20 years of expe­ri­ence with invest­ments in small and medium-sized compa­nies. We help manage­ment teams realize the full poten­tial of their busi­nesses by future-proofing the stra­te­gic, opera­tio­nal or finan­cial course and lever­aging the broad Triton plat­form, inclu­ding access to an exten­sive network of indus­try and opera­tio­nal experts. A key focus of TSM is to acce­le­rate growth and scale through digi­tiza­tion, buy-and-build and inter­na­tio­na­liza­tion, where our know-how, indus­try exper­tise and inter­na­tio­nal network can create signi­fi­cant value.”

The TSM team consists of 18 invest­ment advi­sory profes­sio­nals focu­sed on sourcing, evalua­ting and deve­lo­ping compa­nies in the Triton region, prima­rily in the German-spea­king and Nordic count­ries and the Bene­lux countries.

About Triton

Since its foun­ding in 1997, Triton has laun­ched ten funds and focu­sed on compa­nies in the indus­trial, services, consu­mer goods and health­care sectors.

The Triton funds invest in medium-sized compa­nies based in Europe and support their posi­tive deve­lo­p­ment. Triton’s goal is to successfully deve­lop its port­fo­lio compa­nies in the long term by working toge­ther as partners.

Triton and its manage­ment strive to gene­rate posi­tive change and growth through the sustainable impro­ve­ment of opera­tio­nal proces­ses and struc­tures. At present, Triton’s port­fo­lio includes 47 compa­nies with total sales of around EUR 18.4 billion and around 101,400 employees . www.triton-partners.de

 

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