Triton places 6.35 million shares of Befesa S.A. with institutional investors
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Frankfurt (Germany), 06 June 2019- Funds advised by Triton ("Triton") have successfully placed 6,350,174 shares in Befesa S.A. (“Befesa”) with institutional investors in an accelerated bookbuilding process. The placement price was €34.00 per share. Triton thereby fully divested their shareholding in Befesa.
The accelerated bookbuilding was managed by Citigroup and J.P. Morgan.
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health 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 improvements and growth. The 38 companies currently in Triton's portfolio have combined sales of around €14.9 billion and around 73,000 employees.
For further information: www.triton-partners.com