Deal Announcement

goetzpartners advised Triton Partners

goetzpartners advised Triton partners on the acquisition of a majority stake in NORRES Group with a commercial due diligence

Due Diligence
Industrials and Automotive
Transaction
November 2018
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goetzpartners advised

Triton Partners on the

Commercial Due Diligence

in the acquisition of Norres Group

value not disclosed

Fortlane Partners' Private Equity consulting team supported Triton Smaller Mid-Cap Fund with a Commercial Due Diligence in the acquisition of a majority stake in NORRES Group ("NORRES" or "the Company"). NORRES is one of the leading manufacturers of plastic industrial hoses for various end markets.

 

The Commercial Due Diligence includes a comprehensive assessment of NORRES' product portfolio with particular focus on the industrial hoses’ properties and the Company’s flexible production to demonstrate NORRES’ customer orientation and the resulting position across end markets and customer groups. Furthermore, Fortlane Partners identified additional upside potentials for the Company.


About NORRES Group

NORRES was founded in 1889 and focuses on the development, production and sales of branded industrial hoses used for pneumatic conveying of different media types (i.e. solids, gases or liquids) for a wide variety of end markets (e.g. fume & dust extraction, agriculture, food & pharma, plastics and wood processing). The Company is headquartered in Gelsenkirchen (Germany) and employs approximately 300 people across three production facilities (Germany, China, the United States) and five sales & warehousing sites (Czech Republic, France, Poland, Taiwan, United Kingdom).

 

About Triton Partners

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 35 companies currently in Triton's portfolio have combined sales of around €12.7 billion and around 82,000 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.

 

 

Transaction team: 

 

Dr. Sigurd Kitzer
Partner
 

Finn Rieken
Manager

 

Alexander Sigel
Consultant

 

Florian von Villiez
Consultant

 

Jonas Roters
Consultant

 

Sebastian Mörler
Associate Consultant

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