Frankfurt / Darmstadt (Germany), 27 June 2017 – Funds advised by Triton ("Triton") have signed an agreement to acquire univativ Group (“univativ”), a leading German provider of specialized personnel services. Terms of the acquisition were not disclosed. The transaction is subject to regulatory approval in relevant jurisdictions and is expected to close following receipt of those approvals.
"We look forward to supporting univativ’s management and employees as a stable owner by investing in and supporting the growth and development of the company. Business Services is one of our core sectors where we have built substantial expertise and look forward to working together with the management team and board in building an even stronger company", said Peder Prahl, the Managing Partner of Triton Partners.
"univativ Group, as one of the market leader in German speaking Europe, has been building its current presence over the last 20 years. This transaction is an important milestone, enabling us to continue with our strategic efforts. We welcome Triton as a new majority owner and a respected investor who will support us in developing innovative services and executing our plans for further expanding our market positions”, said Martin Ilg, Henning Loof and Olaf Kempin, who are the founders and Managing Directors of univativ.
“univativ is a great company with an impressive growth profile and the team is looking forward to partner with management in an effort to further grow the firm. We are happy to see that our recently established dedicated smaller mid cap team has already signed its second acquisition”, added Andi Klein, Investment Advisory Professional and an advisor to the Triton Funds.
About univativ Group
univativ Group consists of two core brands: univativ and provativ. univativ, a personnel service provider that specialises in placing young professionals, has been successfully providing student specialists to more than 250 customers in all sectors. Its talent pool includes around 7,000 students and graduates at around 60 renowned universities. With 14 branch offices in Germany and Switzerland, univativ employs more than 1,200 people.
provativ is a personnel service provider that specialised in the placement of experienced, freelance IT experts. provativ has two branches in Germany.
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 11 offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.