Frankfurt/Linz, 13 August 2013 - German-Austrian infrastructure and system service provider ALPINE-ENERGIE Holding AG ("ALPINE-ENERGIE") has a new owner. Funds advised by Triton have signed an agreement to acquire all shares of the Linz headquartered company from Spanish group Fomento de Construcciones y Contratas ("FCC"). The transaction is funded entirely with equity from the Triton funds and is subject to approval by the relevant anti-trust authorities. All parties agreed not to disclose further details of the transaction.
Core business areas of ALPINE-ENERGIE are the planning, setting up and maintenance of telecommunications, energy and traffic infrastructure. Triton sees substantial growth potential in these areas. ALPINE-ENERGIE employs about 3,000 employees and achieved a turnover of 462 million Euro in the past business year. ALPINE-ENERGIE, which was founded as "ENERGIE Gesellschaft für elektrische und industrielle Unternehmungen" in Stuttgart in 1920, generates the significant majority of its turnover in Germany, Austria and Switzerland. ALPINE-ENERGIE also operates entities in Luxembourg, Poland, the Czech Republic, Italy and Hungary.
"We want to support the management of ALPINE-ENERGIE as stable owner in increasing the profitability in its core business. We will contribute our strategic insights from the service industry as well as operational know-how in many areas including project planning and process controlling," said Peder Prahl, Director of the "General Partner" of the Triton funds.
Triton aims to support management in strengthening portfolio companies by increasing sales and sustainably improving operational processes and structures. Its long-term investment philosophy lays the foundation for implementing these improvements. Investors of Triton funds include, among others, pension funds, insurance companies, sovereign wealth funds and endowments. Triton has committed to comply with the "Principles for Responsible Investment" ("UN PRI") by the UN.
Antonio Alfonso Avello, chairman of the board of ALPINE-ENERGIE, said: "We are delighted that we have found a long-term oriented owner in Triton that suits us perfectly, both regarding regional and operational expertise. We are looking forward to continuing our growth plan with Triton at our side."
About ALPINE-ENERGIE
ALPINE-ENERGIE, with its eight country organisations in Europe, has developed from a company for electrical and industrial enterprises into an internationally active group in the segments of energy generation, energy transport and energy-technical applications since it was founded in 1920. 3,000 employees achieved a total turnover of 462 million Euro in the past business year.
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.