Triton V close at €5bn strengthens Triton’s presence in the European PE mid-market
Luxembourg, 9 January 2019 – Triton, the international investment firm, announces that Triton Fund V (“Triton V”) has successfully closed at €5 billion – at the hard cap, surpassing the €4 billion target. The closing took place in December 2018.
Triton V received commitments from returning and new LPs made up of a diversified range of institutional blue-chip investors including pension funds, insurance companies and sovereign wealth funds. The Triton V investor base is geographically diversified across Europe, North America and Asia. Triton V will continue the ‘all weather’ mid-market private equity investment strategy and will seek to generate value in the geographies in which Triton has strong local knowledge, such as the Nordics, Germany, Austria, Switzerland, Spain, Italy, France, UK and Benelux.
Peder Prahl, Director of the General Partner for the fund said: "I would like to thank all of our returning and new investors for their support and trust. Through Triton V, we will continue to invest in companies with the potential to create sustainable, long-term value through changing economic cycles in the industrial, business services, consumer and health sectors. We will use our experience and expertise to work with the boards and management teams to build better businesses.”
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
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 38 companies currently in Triton's portfolio have combined sales of around €13.1 billion and around 85,000 employees.