Thomas Hofvenstam succeeds Magnus Lindquist as Head of Triton Advisers Sweden AB
Stockholm (Sweden), 15 December 2014 - Thomas Hofvenstam (45), has been appointed Head of Triton Advisers (Sweden) AB ("TAS") and will lead the Nordic investment advisory team.
Thomas Hofvenstam joined TAS in 2012 following eleven years at Ratos AB where he was an investment director working on a number of investments throughout the Nordic Region. Thomas started his career in 1994 at Enskilda Securities (now SEB) and subsequently worked as a brand manager at Arla, followed by five years at the management consultancy Booz & Company. He holds an MSc in Business Administration from the University of Uppsala. Thomas recently advised Triton fund IV on its investment in Scandinavian Business Seating.
Thomas Hofvenstam said: "We have established a strong platform in the Nordics and I am looking forward to taking on this new opportunity and responsibility". Magnus Lindquist added: "I have been fortunate to lead the Triton investment advisory team in the Nordics. It has been an exciting journey and I am proud of what we have achieved. I will now be ensuring a smooth transition and providing support to Thomas in the coming months. I remain an investor in the Triton funds."
Peder Prahl, Director of Triton Advisers Limited, the head adviser to the Triton funds, commented: "TAS is preparing for the changing investment environment and building strong leadership for the next decade. We at Triton Advisers Limited thank Magnus for his work and contribution in leading our sub-advisors in the Nordic Region over a number of years. We now look forward to continuing to work with him in a different role. Thomas Hofvenstam has extensive investment experience and we are confident he will lead the TAS team to further success in the years ahead".
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. As agents of positive change it works 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 its head adviser Triton Advisers Ltd and sub-advisers with dedicated teams of investment professionals in United Kingdom, Germany, Sweden, Norway, Denmark, Luxembourg and China.
For further information: www.triton-partners.com
Phone: +49 69 921 02204
Phone: +46 8 410 32 180