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Triton acquires majority stake in NORRES Group

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. www.triton-partners.de

About NORRES
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.

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