Triton carves out SGL CFL/CE in €250m EV deal

The deal was based on an aggregate €250m enterprise valuation for the portfolio of assets. Following customary adjustments, the sale will generate €230m in cash proceeds for the parent company, which will result in a book profit of €130m in the current fiscal year, according to a statement. The transaction is expected to close in Q4 2017.

Triton was not available to comment at the time of publication. The GP currently manages Triton Fund IV, a 2012-vintage vehicle that held a final close on €3.5bn in May 2013 and is currently 70% deployed, according to unquote" data.

SGL Group produces materials made from carbon and its core business develops high-temperature control materials focusing on the automotive, semiconductors, solar, chemicals and lithium-ion batteries industries. The company is headquartered in Wiesbaden and has 33 production plants in Europe, North America and Asia. In 2016, the group had 4,000 employees and generated €769.8m in revenues.

Company
Headquartered in Wiesbaden, SGL CFL/CE manufactures and distribute graphite products, including cathodes and furnace linings, used in the aluminium, iron and other smelting industries. It employs 620 people and operate two production plants in Nowy Sacz and Raciborz in Poland.

The two businesses employ 30 people in Germany and 600 in Poland.

People
Triton – Peder Prahl (director, general partner).

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