Triton has signed an agreement to acquire univativ
Frankfurt / Darmstadt (Germany), 27 June 2017 – An affiliate of Triton Partners ("Triton") has signed an agreement to acquire univativ Group (“univativ”), a leading German provider of specialized personnel services. Terms of the acquisition were not disclosed. The transaction is subject to regulatory approval in relevant jurisdictions and is expected to close following receipt of those approvals.
"We look forward to supporting univativ’s management and employees as a stable owner by investing in and supporting the growth and development of the company. Business Services is one of our core sectors where we have built substantial expertise and look forward to working together with the management team and board in building an even stronger company", said Peder Prahl, the Managing Partner of Triton Partners.
"univativ Group, as one of the market leader in German speaking Europe, has been building its current presence over the last 20 years. This transaction is an important milestone, enabling us to continue with our strategic efforts. We welcome Triton as a new majority owner and a respected investor who will support us in developing innovative services and executing our plans for further expanding our market positions”, said Martin Ilg, Henning Loof and Olaf Kempin, who are the founders and Managing Directors of univativ.
“univativ is a great company with an impressive growth profile and the team is looking forward to partner with management in an effort to further grow the firm. We are happy to see that our recently established dedicated smaller mid cap team has already signed its second acquisition”, added Andi Klein, Investment Advisory Professional and an advisor to the Triton Funds.
About univativ Group
univativ Group consists of two core brands: univativ and provativ. univativ, a personnel service provider that specialises in placing young professionals, has been successfully providing student specialists to more than 250 customers in all sectors. Its talent pool includes around 7,000 students and graduates at around 60 renowned universities. With 14 branch offices in Germany and Switzerland, univativ employs more than 1,200 people.
provativ is a personnel service provider that specialised in the placement of experienced, freelance IT experts. provativ has two branches in Germany.
Triton Partners seeks to 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 Partners seeks to contribute to the building of better businesses for the longer term. Triton Partners and its executives strive to be agents of positive change towards sustainable operational improvements and growth. The 29 companies currently in Triton's portfolio have combined sales of around €13.9 billion and around 86,000 employees.
Triton Partners has 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
Phone: +49 6151 850 45 61
Phone: +49 69 921 02204