Triton exits RENK with sale of remaining shares
Frankfurt (Germany), 29 August 2025 - Funds managed by Triton (“Triton”) today announced the successful sale of its remaining shares in RENK Group AG (“RENK”), completing Triton’s full exit from the business. The transaction concludes a five-year partnership that began with Triton’s carve-out of RENK from Volkswagen in 2020 and represents another successful realisation in Triton’s portfolio.
RENK is a globally leading manufacturer of mission-critical drive solutions across governmental and industrial markets, employing more than 4,000 people worldwide. Under Triton’s ownership, the company underwent a comprehensive transformation that strengthened its position as a trusted partner in a dynamic geopolitical and industrial landscape and was marked by its successful listing on the Frankfurt Stock Exchange in February 2024. Working closely with management, Triton supported a renewed leadership team, implemented a more agile organisational structure, and advanced Renk’s internationalisation through targeted add-on acquisitions, including a strategic expansion into North America. At the same time, RENK built on its strong heritage of innovation and product excellence to sharpen its commercial focus and customer-centric culture.
Following the IPO, Triton remained a shareholder in the company, underlining its long-term approach to value creation and commitment to Germany’s industrial sector.
Claus von Hermann, Managing Partner at Triton, said: ”RENK’s development over the past five years reflects the partnership-driven value creation we strive to achieve with our investments. Together with management and employees, Triton has strengthened RENK’s global position and advanced its strategic transformation. In today’s more complex geopolitical and security environment, RENK has reinforced its role as a trusted partner to governments and industries, providing mission-critical technologies with global relevance. We are proud to have supported RENK’s journey.”
The partnership with RENK exemplifies Triton’s strategy of driving value creation through collaboration, drawing on more than 25 years of experience in executing complex carve-outs and strategic transformations. Triton Mid-Market (“TMM”) funds have realised eight investments since the start of 2024, delivering c.€6 billion in proceeds.
About Triton
Founded in 1997 and owned by its partners, Triton is a leading European mid-market sector-specialist investor. Triton focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton has over 150 investment professionals and value creation experts across 11 offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit. For further information, please visit: www.triton-partners.co
