Triton Partners has sold SEDIVER to Blackstone

SEDIVER

SEDIVER is a leading manufacturer of toughened glass insulators, a mission-critical element for the electric transmission grid. The company supports the energy transition by enabling the reliable and sustainable transmission of electricity, while facilitating the electrification megatrend. SEDIVER’s products are critical to the modernization of the electrical grid in developed economies, while powering the new build-out of grid systems in global emerging markets. For additional information, please visit www.sediver.com.

The Deal

During Triton Partners’ ownership period, it accelerated SEDIVER’s growth by supporting its geographical expansion into the U.S. market, strengthened its leadership and its governance and compliance procedures and helped management carry out a comprehensive improvement of the company’s manufacturing footprint. Triton and SEDIVER turned to Lincoln International, given its industry expertise, deep buyer relationships and ability to manage global processes. Terms of the transaction were not disclosed.

Our Perspective

Sean Bennis and Gianluca Banfi, Lincoln International Managing Directors who led the transaction, commented, “SEDIVER is the leading brand in glass insulators for high voltage transmission markets. Triton, Erik Göthlin and the rest of the leadership team have built an impressive platform and they have a tremendous opportunity ahead to capitalize on the long-term tailwinds and growing demand for glass insulators. We are excited for this new partnership with Blackstone and all of its future successes.”

Triton Partners

Founded in 1997 and owned by its partners, Triton is a leading European mid-market sector-specialist investor. Triton focuses on investing in businesses that provide mission critical goods and services in its three core sectors of business services, industrial technology and healthcare. Triton has more than 200 investment professionals across 11 offices and invests through three complementary “All Weather” strategies: mid-market private equity (PE), smaller mid-cap PE and opportunistic credit. For additional information, please visit www.triton-partners.com.

Blackstone

Blackstone is the world’s largest alternative asset manager and seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which they invest. Blackstone’s more than $1 trillion in assets under management include global investment strategies focused on real estate, PE, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. For additional information, please visit www.blackstone.com.

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