Sale to Alpha Private Equity

Industrial
Sale to Alpha Private Equity

Summary

Baird served as the exclusive financial advisor to Triton Partners and Paragon Partners on this transaction

About

EUROPART Holding GmbH (“EUROPART”), a portfolio company of Triton Partners’ (“Triton”) Fund II (Triton II) and Paragon Partners’ (“Paragon”) Fund I (Paragon I), was recently acquired by Alpha Private Equity Funds (“Alpha”). The terms of the transaction were not disclosed.

EUROPART is the leading trading company for spare parts and accessories for commercial vehicles, buses and special vehicles of all classes in Europe. In addition, EUROPART supplies its main customer groups – vehicle garages, transport companies and fleet operators – with a wide range of workshop requirements, chemicals, workshop/office equipment, fastening technology, operational safety equipment and also its own brand. EUROPART has an international network, with more than 300 sales outlets in 28 countries, and generated revenues of approximately €438 million in 2016. EUROPART is headquartered in Hagen, Germany.

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 30 companies currently in Triton's portfolio have combined sales of approximately €14.3 billion and approximately 88,000 employees.

Paragon, founded in 2004, is a leading private equity group in the German speaking countries with more than €650 million of equity capital under management. To date, Paragon has completed 21 investments, of which 16 have been fully or partially exited. Paragon works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. Paragon looks to unlock value in fundamentally attractive businesses, leveraging its ability to address transactional and operational complexity and transform companies through tailored value creation programs. Paragon is based in Munich, Germany.

Alpha is an independent pan-European private equity firm, specialized in mid-market buyouts with €2bn under management. Alpha invests in mid-sized companies in Italy, France, Germany, Benelux and Switzerland, focusing on either Business Services, Retail or Capital Goods businesses with the goal of achieving long-term sustainable growth for its investments. Alpha is based in Luxembourg and is advised by a team of dedicated executives based in Italy, France, Germany and Benelux.
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Industrial
Sale to Alpha Private Equity
Date
July 2017
Company
EUROPART Holding GmbH
Transaction
M&A
Sectors
Industrial
Target Location
Europe
Acquiror Location
Europe

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