Triton acquires 3.01 per cent of Nexus AG
Frankfurt (Germany), 30 October 2018 – The Triton Value Fund (“TVF”), advised by Triton (“Triton”), has acquired a 3.01 per cent stake in Nexus AG, a leading European provider of software solutions in the healthcare sector, headquartered in Donaueschingen (Germany). The investment is in line with TVF’s strategy to take sizeable positions in high-quality public companies in the DACH and Nordic regions.
“TVF successfully applies Triton’s private equity methodology, including detailed due diligence and leverages Triton’s sector, regional and functional expertise. We want to support Nexus’ growth as an active minority investor and believe that the company can benefit from our experience, expertise and the resources we can provide,” says Roger Hagborg, TVF Portfolio Manager.
Launched in 2015, TVF mainly focuses on investments in publicly listed small and mid-cap companies in the industrials, business services and consumer/health sectors. These are the same regions, sectors and size ranges as the other Triton funds. TVF typically invests in fundamentally sound companies that are facing temporary challenges due to structural change, cyclical headwinds, or operational issues.Investments range from small stakes to ownership positions of up to 30%.
“Nexus is operating in an attractive market with strong growth potential across Europe, where digitalization is a main driver in the healthcare sector. The company has a strong market position and a good track record in acquiring and integrating smaller companies. We see significant potential for Nexus to grow its business and look forward to supporting the management in achieving its ambitions,” adds Florian Herger, Investment Advisory Professional.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing 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 35 companies currently in Triton's portfolio have combined sales of around €12.7 billion and around 82,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
for more information: www.triton-partners.com