Triton to sell stake in Befesa S.A.
20.03.2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.
Frankfurt (Germany), 20 March 2018- Funds advised by Triton ("Triton") have decided to sell approximately 3.0 million shares in Befesa S.A. ("Befesa") to institutional investors in a private placement via an accelerated bookbuilding process. This represents approximately 8.8% of Befesa’s entire share capital.
Funds managed by Triton will remain Befesa’s largest group of shareholders, directly holding about 40.7% of Befesa’s shares after the placement. In addition, Triton agrees to a lock-up period of 60 days.
The accelerated bookbuilding is managed by Citigroup, Goldman Sachs International and J.P. Morgan and commences immediately.
About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 36 companies currently in Triton's portfolio have combined sales of around €14.2 billion and around 91,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com
