Triton is the new owner of the EUROPART Group
Triton to acquire Europe’s leading distributor for commercial vehicle spare parts EUROPART from family owners
Hagen / Frankfurt am Main, June 17, 2011. The Pederzani family owners of EUROPART Group (“EUROPART”, the “Company”) have reached an agreement with Triton on June 17, 2011 to sign a sale and purchase agreement. EUROPART, headquartered in Hagen, Germany, is Europe’s leading distributor for spare parts and workshop equipment for commercial vehicles with sales in excess of €400m in 2010 and active in 29 countries. This will make Triton, a highly respected European private equity firm, the owner of EUROPART upon completion of the sale. The sale is expected to be completed during August 2011. The transaction is subject to approval of antitrust authorities. The value of the transaction is not being disclosed.
Triton is a leading private equity investment firm in the German-speaking and Nordic regions with offices in Frankfurt, Stockholm, London, Jersey and Luxembourg. Triton has a track-record of investing in market leading, mid-sized European companies which makes the firm one of the most credible and experienced buyers in this space. As investors, Triton believes in the merits of investing in businesses and industries that it has long experience in and understands. Triton has extensive experience and a wide breadth of expertise in the business services and in particular in the distribution sector. One of its current investments is Papyrus (Schneidersöhne), Europe’s leading paper merchant.
Hans-Peter Artmann, CEO EUROPART:
“The management team and I are delighted with the outcome. With Triton, we have found the ideal partner for the next stage of our development and are looking forward to successfully pushing EUROPART's internationalization.”
Bernd Pederzani, spokesman of the family owners:
“My siblings and I are happy to have found in Triton a responsible and experienced investor to lead EUROPART to the next development stage and into a promising future.”