Luxembourg — The second Triton Mittelstandsfonds (“TSM II”) has successfully closed at €815 million due to strong investor demand, significantly exceeding the target of €600 million. The fund is the second investment vehicle advised by Triton to focus on investments in low market capitalization companies. It follows the first Triton Mittelstandsfonds (“TSM I”), which closed in 2017 with a volume of €448 million.
All fundraising was done virtually and received extensive pledges from existing and new institutional investors from around the world.
Peder Prahl, Director of the General Partner for the Triton Funds, said, “I would like to thank all of our existing and new investors for their support and trust. With TSM II, we will continue to invest in smaller and mid-sized companies and in the same sectors and regions as the larger company-focused fund Triton V. Our goal is to create better companies and help them reach their full potential.
TSM II will typically acquire a majority stake in companies that require an equity investment of between €40 million and €100 million. The fund will build on the TSM I investment strategy and invest in companies that are leaders in their niche but are not yet realizing their full potential. Triton will work with management to create value through further professionalization, expansion and digitization of the businesses.
Andi Klein (photo) , Managing Partner and Head of TSM, added: “Triton has more than 20 years of experience with investments in small and medium-sized companies. We help management teams realize the full potential of their businesses by future-proofing the strategic, operational or financial course and leveraging the broad Triton platform, including access to an extensive network of industry and operational experts. A key focus of TSM is to accelerate growth and scale through digitization, buy-and-build and internationalization, where our know-how, industry expertise and international network can create significant value.”
The TSM team consists of 18 investment advisory professionals focused on sourcing, evaluating and developing companies in the Triton region, primarily in the German-speaking and Nordic countries and the Benelux countries.
About Triton
Since its founding in 1997, Triton has launched ten funds and focused on companies in the industrial, services, consumer goods and healthcare sectors.
The Triton funds invest in medium-sized companies based in Europe and support their positive development. Triton’s goal is to successfully develop its portfolio companies in the long term by working together as partners.
Triton and its management strive to generate positive change and growth through the sustainable improvement of operational processes and structures. At present, Triton’s portfolio includes 47 companies with total sales of around EUR 18.4 billion and around 101,400 employees . www.triton-partners.de