Triton to sell shares in Befesa S.A.
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Frankfurt (Germany), 09 January 2019 - Funds advised by Triton ("Triton") have decided to sell approximately 3.0 million shares in Befesa S.A. ("Befesa") to institutional investors in a private placement via an accelerated bookbuilding process. This represents approximately 8.8% of Befesa’s entire share capital.
Funds managed by Triton will remain Befesa’s largest group of shareholders, directly holding about 31.9% of Befesa’s shares after the placement. In addition, Triton agrees to a lock-up period of 60 days.
The accelerated bookbuilding is managed by Berenberg, Citigroup and Commerzbank and commences immediately.
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 €13.1 billion and around 85,000 employees.
For further information: www.triton-partners.com