Triton has decided to sell stake in Stabilus S.A. (1)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.
Frankfurt (Germany), 2 December 2014- Funds advised by Triton ("Triton") have decided to sell approximately 3.1 million shares in Stabilus S.A. ("Stabilus") to institutional investors in a private placement via an accelerated bookbuilding process. This represents approximately 15% of Stabilus' entire share capital and increases the free float to approximately 73%.
Funds managed by Triton will remain Stabilus' largest group of shareholders after the placement. In addition, Triton agrees to a lock-up period of 90 days.
The accelerated bookbuilding is managed by Commerzbank and commences immediately.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services, and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 30 companies currently in Triton's portfolio have combined sales of over €15 billion and more than 67,500 employees. The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com