Triton acquires majority stake in NORRES Group

Cate­gory: Private Equity
28. Novem­ber 2018

Frank­furt a. M. — A mid-cap fund advi­sed by Triton (Triton Smal­ler Mid-Cap Fund, “TSM”) has acqui­red a majo­rity stake in NORRES Group. With a team led by Dr. Pär Johans­son, Part­ner at the Colo­gne office, Heuking Kühn Lüer Wojtek provi­ded legal advice to Triton in connec­tion with the acqui­si­tion. The aim of the part­ner­ship is to expand NORRES’ expan­sion strategy.

NORRES is a manu­fac­tu­rer of indus­trial hoses with head­quar­ters in Gelsen­kir­chen and produc­tion sites in Germany, China and the USA. The indus­trial hoses are used for pneu­ma­tic convey­ing of various types of media such as solids, gases as well as liquids in diffe­rent indus­tries. Around 300 employees work for the company, which was foun­ded in 1889.

“We want to support NORRES by inves­t­ing in acce­le­ra­ted growth and the contin­ued inter­na­tio­na­liza­tion of the company. We look forward to working with the manage­ment team and contri­bu­ting our exper­tise and available resour­ces to further our shared vision of an even stron­ger company,” said Peder Prahl (pictu­red), Direc­tor of Gene­ral Part­ners for the Triton Funds.

About Triton
The Triton funds invest in medium-sized compa­nies based in Europe and support their posi­tive deve­lo­p­ment. They focus on compa­nies in the indus­trial, services and consu­mer goods/healthcare sectors.

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 36 compa­nies with total sales of around EUR 12.7 billion and appro­xi­m­ately 82,000 employees. — The Triton funds are advi­sed by expe­ri­en­ced invest­ment profes­sio­nals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the UK, the US, China, Luxem­bourg and Jersey.

NORRES was foun­ded in 1889 and focu­ses on the deve­lo­p­ment, produc­tion and sale of indus­trial hoses for pneu­ma­tic convey­ing of diverse media types (e.g. solids, gases and liquids) for a variety of end markets (inclu­ding fume and dust extra­c­tion, agri­cul­ture, food & phar­maceu­ti­cals, plas­tics and wood proces­sing). The company is head­quar­te­red in Gelsen­kir­chen, Germany, and employs appro­xi­m­ately 300 people at three produc­tion sites (D, CN, USA) and five sales and warehouse loca­ti­ons (CZ, FR, PL, TW, GB).

Advi­sor to Triton: Heuking Kühn Lüer Wojtek
Dr. Pär Johans­son, Dr. Phil­ipp Jansen (both lead), Dr. Chris­toph Schork, LL.M., Tim Remmel, LL.M., (all Private Equity, Corporate/M&A), Dr. Verena Hoene, LL.M. (IP/IT), Dr. Sascha Sche­wiola (Labor Law), all Colo­gne; Dr. Kai Bandilla, Sen Gao (both Corporate/M&A), Fabian G. Gaffron (Tax), Dr. Frede­rik Wiemer (Anti­trust), all Hamburg; Mathis Dick, LL.M. (Real Estate), Düsseldorf

The team led by Colo­­gne-based part­ner Dr. Pär Johans­son had alre­ady advi­sed Triton on the acqui­si­tion of BFC Group in Febru­ary 2018.

Subscribe newsletter

Here you can read about the latest transactions, IPOs, private equity deals and venture capital investments, who has raised a new fund, how Buy & Build activities are going.

Get in touch

Contact us!
fyb [at]