Gelsenkirchen\/ Frank\u00adfurt and Munich \u2014 Smal\u00adler Mid-Cap Fund I (TSM I), advi\u00adsed by Triton, has signed an agree\u00adment to sell Norres Bagger\u00adman Group (\u201cNorres Bagger\u00adman\u201d), a market-leading manu\u00adfac\u00adtu\u00adrer of plas\u00adtic hoses for indus\u00adtrial appli\u00adca\u00adti\u00adons in Europe, to Nalka DACH Invest\u00adments SA SICAF-RAIF (\u201cNalka\u201d). Gibson, Dunn & Crut\u00adcher LLP advi\u00adsed Triton on this tran\u00adsac\u00adtion. The parties have agreed not to disc\u00adlose details of the tran\u00adsac\u00adtion or the purchase price.<\/p>\n
Norres Bagger\u00adman is one of the Euro\u00adpean leaders in the manu\u00adfac\u00adture and tech\u00adni\u00adcal instal\u00adla\u00adtion of indus\u00adtrial hose systems. The company employs around 400 people and has six produc\u00adtion sites and 15 sales offices in Europe, the USA and Asia.<\/p>\n
Triton acqui\u00adred Norres Bagger\u00adman in 2018 with the goal of deve\u00adlo\u00adping the company into a Euro\u00adpean market leader. To this end, growth was to be acce\u00adle\u00adra\u00adted, inter\u00adna\u00adtio\u00adnal expan\u00adsion step\u00adped up and the company deve\u00adlo\u00adped into a systems provi\u00adder. As part of the Triton port\u00adfo\u00adlio, NORRES has successfully comple\u00adted three acqui\u00adsi\u00adti\u00adons, increased its orga\u00adnic growth to appro\u00adxi\u00adm\u00adately 10%, and increased sales by more than 170% to well over \u20ac100 million. The company has also intro\u00addu\u00adced a clearly defi\u00adned frame\u00adwork to further deve\u00adlop its ESG standards.<\/p>\n
Andi Klein, Mana\u00adging Part\u00adner and Head of TSM I<\/strong>: \u201cWe thank Ralf Dahmer, his manage\u00adment team and all employees of Norres Bagger\u00adman for the great coope\u00adra\u00adtion and their important contri\u00adbu\u00adtion to the deve\u00adlo\u00adp\u00adment of the company into a pan-Euro\u00adpean market leader in its sector despite often uncer\u00adtain times. We are convin\u00adced that NORRES is well posi\u00adtio\u00adned for the future and that Nalka is the right part\u00adner to conti\u00adnue the company\u2019s success story.\u201d<\/p>\n Since its foun\u00adding in 1997, Triton has laun\u00adched ten funds and focu\u00adses on invest\u00adments in medium-sized compa\u00adnies head\u00adquar\u00adte\u00adred in Europe in the indus\u00adtrial, services, consu\u00admer goods and health\u00adcare sectors. The current compa\u00adnies in the Triton port\u00adfo\u00adlio gene\u00adrate total sales of around 18 billion euros and employ over 105,000 people.<\/p>\n Advi\u00adsor Triton: Gibson Dunn <\/strong><\/p>\n Led by Frank\u00adfurt part\u00adner Dr. Wilhelm Rein\u00adhardt and Munich asso\u00adciate Dr. Dennis Seif\u00adarth, the team included coun\u00adsel Dr. Aliresa Fatemi and Anne\u00adkat\u00adrin Pels\u00adter and asso\u00adcia\u00adtes Dr. Mattias Prange and Lena Pirner (all Frank\u00adfurt) and Maxi\u00admi\u00adlian Schnie\u00adwind (Munich). The team also included part\u00adners Dr. Hans Martin Schmid (Tax, Munich) and Dr. Mark Zimmer (Labor Law, Munich), coun\u00adsel Alex\u00adan\u00adder Klein (Finance, Frank\u00adfurt), and asso\u00adcia\u00adtes Jan Voll\u00adkam\u00admer (Anti\u00adtrust, Frank\u00adfurt) and Yannick Ober\u00adacker (Data Privacy\/IP, Munich).<\/p>\n About Gibson Dunn Gelsenkirchen\/ Frank\u00adfurt and Munich \u2014 Smal\u00adler Mid-Cap Fund I (TSM I), advi\u00adsed by Triton, has signed an agree\u00adment to sell Norres Bagger\u00adman Group (\u201cNorres Bagger\u00adman\u201d), a market-leading manu\u00adfac\u00adtu\u00adrer of plas\u00adtic hoses for indus\u00adtrial appli\u00adca\u00adti\u00adons in Europe, to Nalka DACH Invest\u00adments SA SICAF-RAIF (\u201cNalka\u201d). Gibson, Dunn & Crut\u00adcher LLP advi\u00adsed Triton on this tran\u00adsac\u00adtion. The parties [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":48238,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1367,1368,1369,1371],"tags":[],"class_list":["post-48241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","category-deals-en"],"yoast_head":"\n
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\nGibson, Dunn & Crut\u00adcher LLP is one of the leading inter\u00adna\u00adtio\u00adnal law firms and is ranked among the top law firms world\u00adwide in indus\u00adtry surveys and by autho\u00adri\u00adta\u00adtive publi\u00adca\u00adti\u00adons. With more than 1,800 lawy\u00aders in 20 offices, the firm has a global presence in all major econo\u00admic regi\u00adons. Gibson Dunn offices are loca\u00adted in Abu Dhabi, Brussels, Century City, Dallas, Denver, Dubai, Frank\u00adfurt, Hong Kong, Hous\u00adton, London, Los Ange\u00adles, Munich, New York, Orange County, Palo Alto, Paris, Beijing, San Fran\u00adcisco, Singa\u00adpore and Washing\u00adton, D.C. For more infor\u00adma\u00adtion, visit www.gibsondunn.com.<\/p>\n","protected":false},"excerpt":{"rendered":"