Frankfurt/Wiedenzhausen (Germany), 30 March 2015 - Funds advised by Triton closed the sale of Wittur, one of the world's largest independent suppliers of elevator components and systems, to funds managed by Bain Capital Europe LLC ("Bain Capital"). Bain Capital acquired 100% ownership of Wittur. Triton has supported the business since the acquisition in 2010. The management of Wittur, under the new leadership of Dr. Walter Rohregger, has executed a number of growth and operational improvement initiatives to develop the company. The most noteworthy developments include new product developments for emerging markets, a significant strengthening of the organization and the leadership team as well as a substantial improvement of the production facilities. The transaction was signed on the 23rd of December 2014. The parties have agreed not to disclose the purchase price.
About Triton Partners
Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector-specialist investor. Triton Partners 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 Partners has over 150 investment professionals and value creation experts across eleven offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.