Triton acquires NORRES Group assisted by Heuking Kühn Lüer Wojtek
Triton Smaller Mid-Cap Fund (TSM), a fund focusing on medium-sized companies advised by Triton, acquired a majority stake in NORRES Group. With a team led by Dr. Pär Johansson, Partner at the firm’s Cologne office, Heuking Kühn Lüer Wojtek advised Triton on the legal aspects of the acquisition. The partnership aims at promoting NORRES Group’s expansion strategy.
Headquartered in Gelsenkirchen, NORRES is a manufacturer of industrial hoses with production sites in Germany, China, and the U.S. The industrial hoses are used for pneumatic conveying of different media types, such as solids, gases, and liquids, across various industries. The company, established in 1889, employs some 300 people.
The Triton funds invest in medium-sized businesses based in Europe, developing them through partnership and cooperation. The focus is on businesses in the industrial, services, and consumer goods/health care sectors. Triton’s portfolio currently comprises 35 companies with combined sales of about EUR 12.7 billion and around 82,000 employees.
The team led by Cologne-based Partner Dr. Pär Johansson had already advised Triton on the acquisition of BFC group in February 2018.
Counsel to Triton
Heuking Kühn Lüer Wojtek:
Dr. Pär Johansson,
Dr. Philipp Jansen (both Lead),
Dr. Christoph Schork, LL.M.,
Tim Remmel, LL.M., (all Private Equity, Corporate/M&A),
Dr. Verena Hoene, LL.M. (IP/IT),
Dr. Sascha Schewiola (Employment), all Cologne
Dr. Kai Bandilla,
Sen Gao (both Corporate/M&A),
Fabian G. Gaffron (Tax),
Dr. Frederik Wiemer (Antitrust), all Hamburg
Mathis Dick, LL.M. (Real Estate), Düsseldorf