Triton to acquire Prenax
Courbevoie (France), 25 June 2025 - The Triton Smaller Mid Cap Fund II advised by Triton (“Triton”) announces it has signed an agreement to acquire Prenax (“the company”), a globally leading subscriptions management service provider, from LBO France, a multi-specialist and multi-country investment platform. Terms of the transactions are not disclosed.
Prenax was founded in 1993 and helps improve process efficiency by allowing corporations, libraries, museums, universities, and other clients to manage their subscriptions through an online portal. The company is the global leader in the growing market for subscription management, and today manages the administration of over 340,000 subscriptions on behalf of its clients. Prenax has offices in 11 countries across the UK & Benelux, the Nordics, Southern Europe, the US, and Australia.
Triton intends to support Prenax in various ways, including additional strategic acquisitions, international expansion and further developing the company’s tech platform, particularly through increased automation. Triton has significant relevant experience from its focus on the Business Services sector and companies with a technology driven offering as well as supporting regional champions to expand internationally.
Henrik Tholander, Investment Advisory Professional at Triton, said: “Prenax is a strong business with an attractive business model and significant opportunities to further expand its offering as well as operations. We look forward to partnering up with management to build on Prenax’s impressive track record to date.”
Fredrik Peterson, CEO of Prenax, said: “This is a great opportunity for Prenax to accelerate the next stage of our development. Triton’s track record and expertise will support us in strengthening our leadership position and continuing our global expansion, while maintaining our focus on delivering best-in-class services to our clients. We are confident that this partnership will support our long-term vision.”
The acquisition of Prenax marks the 9th platform investment made by the Triton Smaller Mid-Cap Fund II, which successfully closed above its fundraising target on €815mn in 2021. The fund applies Triton’s proven investment strategy to lower mid-market companies in the same core sectors of Business Services, Industrial Tech, and Healthcare. It uses Triton’s in-house operational capabilities and resources to help management teams build leaders in the lower-mid market.
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.
