Triton and Altor to divest majority share in OptiGroup to FSN
Stockholm (Sweden), December 21st 2021 - Triton Fund II advised by Triton (“Triton”), Altor Fund II (“Altor”) and RoosGruppen have signed an agreement to divest the majority of their current holding in OptiGroup AB (“OptiGroup”) to a holdco controlled by FSN Capital VI (“FSN”). Triton, Altor and RoosGruppen will retain a minority holding in the company.
Headquartered in Mölndal, Sweden, OptiGroup has developed into a leading European business-to-business distributor of business essentials. OptiGroup provides solutions and products within facility, safety, foodservice, industrial packaging, paper and business supplies. OptiGroup’s companies support more than 90,000 customers in 16 countries across Europe.
”OptiGroup as it looks today is the product of many years of hard work to reposition the company to become a Nordic B2B distribution champion within business essentials. We believe it is now ready to take the next step, under FSN’s ownership, to continue and accelerate this journey towards becoming a pan-European champion supported by strong underlying market growth and a clear add-on agenda. We have enjoyed working together with the management team and now look forward to continue supporting the company as minority shareholders together with our existing partners Altor and RoosGruppen” says Sebastian Lapinski, Investment Advisory Professional at Triton.
“We are proud of what OptiGroup has become after 14 years of hard work with transformative acquisitions, divestments and operational efficiency. Today OptiGroup is a leading diversified distributor of business essentials and we believe the company will continue to grow within its core segments. We have greatly enjoyed working with a very dedicated and entrepreneurial management team as well as with Triton and RoosGruppen to support the Company on this transformative journey. We are happy to pass the baton to FSN who we believe are very well positioned to take the Company to the next level and are excited to retain a minority ownership” says Bengt Maunsbach, Partner at Altor.
OptiGroup’s current management team will continue to lead the Company on this next leg of the journey.
“We are very proud of the transformation achieved during the partnership with Altor, Triton and RoosGruppen. The industry has gone through very turbulent times and our ability to always think and act long-term has put us in the great position we are in today. The commitment from our owners have been essential and we are excited about the plans going forward with FSN and very happy that Altor, Triton and RoosGruppen will continue to be shareholders” says Søren Gaardboe, CEO of OptiGroup.
The parties have agreed not to disclose financial details of the transaction, which remains subject to customary regulatory approvals. Jefferies and Carnegie acted as financial advisers on the transaction.
OptiGroup is a leading and diversified business-to-business distributor of business essentials, active on the European market.
OptiGroup provide solutions for facility management companies, the retail sector, the reseller and foodservice sectors, the healthcare sector, the industrial packaging and safety sectors and the printing and creative sector. The company´s brands support more than 90,000 customers in 16 countries across Europe.
The company operates across the three business areas “Facility, Safety & Food Service”, “Packaging” and “Paper & Business supplies” and offers a one-stop-shop solution built on being an integrated sourcing partner. OptiGroup services and digital solutions supports its customers to achieve lower-costs, reduced complexity, supply reliability and state-of-the art ESG compliance and differentiation.
For more information, visit: www.optigroup.com
Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial tech, services, consumer and healthcare 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 improvement and growth.
The 50 companies currently in Triton's portfolio have combined sales of around EUR 18.1 billion and employ around 104,500 employees.
For more information, visit: www.triton-partners.com