Triton and Paragon complete sale of Europart
Hagen (Germany), 27 July 2017 - Funds advised by Triton and Paragon Fund I announced today that they have completed the sale of Europart Holding GmbH, the European market leader in spare parts for commercial vehicles and other workshop equipment, to Alpha Private Equity Funds. The parties have agreed not to disclose the purchase price.
EUROPART is the leading trading company for spare parts and accessories for commercial vehicles, buses and special vehicles of all classes in Europe. In addition, EUROPART supplies its main customer groups in vehicle garages, transport companies and fleet operators with a wide range of workshop requirements: This includes the areas of chemicals, workshop/office equipment, fastening technology, operational safety equipment etc. for day-to-day work. EUROPART has an international network and is with more than 300 sales outlets represented in 28 countries.
For further information: www.europart.net
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 30 companies currently in Triton's portfolio have combined sales of around €14.3 billion and around 88,000 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 further information: www.triton-partners.com