Triton acquires Stabilus in debt-for-equity swap

The restructuring process has lasted close to a year and will see the company reduce it's current debt. 

In early 2008, Paine & Partners acquired gas springs manufacturer Stabilus from Montagu Private Equity in a tertiary buyout,  which reports estimated at over €500m.

Stabilus GmbH develops, produces and distributes gas springs, hydraulic dampers, variable door-stays and automatic opening and locking systems for doors, trunk lids and tailgates. The company with headquarters in Koblenz, Germany, employs approximately 2,800 employees, of which 1,600 are in Germany. Stabilus’ customers include automotive manufacturers and other industrial companies as well as manufacturers of agricultural machinery, household appliances and office furniture. The company generated sales of approximately €385m in the 2007/2008 business year .

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• Topics
• Buyouts
• DACH
• Industrials
• Germany
• Debt-for-equity