Inaccurate media reporting regarding Triton corrected

On Monday 5th May 2025, German newspaper Handelsblatt published a factually wrong article regarding Triton and Assemblin, a portfolio company that Triton Fund IV realised in 2022.

The Handelsblatt article falsely claimed that Triton rejected an alternative and higher priced offer for Assemblin from another European private equity investor. This is categorically false.

The reality is that Triton ran a full dual track M&A and IPO process for Assemblin in 2021/2022 that did not result in a viable transaction. The investor referenced in the article made an indicative and non-binding offer that was later withdrawn, not a firm bid.

This is proven by our documentary evidence and confirmed by all involved parties, including the bidder that Handelsblatt referenced.

Handelsblatt has today published the following addendum to its article.

PAI has since stated that although there was an initial expression of interest in acquiring Assemblin, PAI did not submit a binding offer at any time. On the contrary, PAI withdrew from a possible acquisition of Assemblin even before the due diligence was completed and withdrew from the process.

Triton confirms that there was therefore no possibility of selling Assemblin to PAI. Accordingly, Triton had not concealed any offer from PAI from its investors and the investors had not lost any corresponding income. An IPO of Assemblin was not an option due to the global market conditions. The interests of the investors were fully protected.