Smaller Mid-Cap Private Equity

Triton Smaller Mid-Cap Fund (TSM) – committed capital of €448m

TSM seeks to invest in mid-cap companies typically through equity investments of €20m to €50m. Companies in this market segment represent the economic backbone of the main geographies Triton has been operating in since its foundation in 1997, namely the German-speaking and Nordic regions. Triton believes it has a successful history of investing in and supporting companies in this space. With TSM, Triton operates with a fully dedicated investing team to focus on this market segment. The team members are “locals” yet with an international mindset and experience, and are based in Frankfurt and Stockholm. In addition, we closely collaborate with our colleagues based in other offices, e.g. in Finland, Denmark and Norway.
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We seek to invest in fundamentally sound companies that either have further growth and/or development potential or are facing temporary challenges. We closely work in partnership with management teams – who are always invited to invest alongside with us – to create long-term value. We focus on companies in the sectors that we know best, specifically the industrials, business services and consumer / health sectors.

“We feel and act as entrepreneurs. As such, we aim to partner with management teams, entrepreneurs and other stakeholders, to jointly develop businesses even further. In this partnership, we seek to contribute capital, but also our platform’s resources and expertise, e.g. support for expansion into Asian markets and participation in our purchasing platform.”

Andi Klein , TSM Investment Advisory Committee Member & Investment Advisory Professional

Investment Strategy

We act as trusted investment partners for various types of sellers in a broad range of situations. We aim to be a preferred “go to” partner for entrepreneurs, family-owned businesses or family offices that are considering succession planning for their companies, looking for a partner to unlock their business’ full potential or require support during challenging situations by providing hands-on support. We typically seek a majority holding in the companies we invest in but clearly welcome a substantial reinvestment and / or operational involvement of the previous owners.

Corporate sellers, seeking a well-established and responsible investor, will find that TSM offers a “good new home” for corporate carve-outs in this market segment. Triton believes it has a deep understanding of carve-out situations, having successfully acquired over half of its portfolio companies in such situations.

For late stage venture capital funds and other private equity owners, TSM aims to build on the already delivered value creation strategy by offering the benefits of an established large private equity platform to the mid-cap segment.

As an integrated part of the Triton organisation, TSM strives to support acquired companies in unlocking their full potential by leveraging the wider Triton platform including access to an extensive network of industrial and operational experts. In addition, we can offer our companies comprehensive services covering a wide range of functional support areas and value creation levers including purchasing optimization as well as addressing challenges and opportunities arising from digitalization and emerging markets.

no of investments

TSM dedicated professionals

<€50m

equity investment