Triton has signed an agreement to acquire Unident AB
Stockholm (Sweden), 17 June 2018 - Funds advised by Triton (“Triton”) have signed an agreement to acquire Unident AB (“Unident”). Unident is a leading distributor of dental consumables and equipment as well as a provider of lab services and dental analytics software on the Nordic market. Terms of the transaction are not disclosed.
"We want to support the management and employees of this business by investing in and supporting the growth and development of the company. We will contribute our strategic insights from the industry and region and we look forward to working together with the management team and the Board of Directors in building a stronger company", said Peder Prahl, Director of the General Partner for the Triton funds.
“Triton combines a willingness and financial ability to support Unident’s further growth, with a strong health care industry expertise and a solid track record in building businesses across the Nordic region. We look forward to working together as co-owners. Our vision is to be the first choice for dental clinics throughout the Nordics when they seek a reliable partner for the supply of dentistry consumables, equipment and related services”, said Marcus Nordwall, co-founder and CEO of Unident.
“It has been a busy first year for our Triton Smaller Mid Cap (TSM) team, as this represents already our fourth platform acquisition, this time led out of our Nordic office. Unident is our first health care investment, a core sector we seek investing in, and we are happy that its founders and management chose us as the preferred future partner. Unident is a great company and we seek to support the company’s expansion by providing capital, regional reach and relevant sector expertise, available through the Triton platform”, added Andi Klein, Investment Advisory Professional and Advisor to the Triton Funds.
Unident was founded in 1992 by brothers Marcus Nordwall and Christian Nordwall. Headquartered in Falkenberg, Sweden, with over 150 employees across offices in Stockholm, Horten, Copenhagen and Helsinki the company sells and markets equipment and solutions for the dental clinics market throughout the Nordic region.
For more information: www.unident.se
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 36 companies currently in Triton's portfolio have combined sales of around €13.2 billion and around 89,000 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