Triton buys Unica

A source close to the situation said the company sold for more than 10x its 2016 EBITDA of €20m, giving the firm an enterprise value in excess of €200m.

The GP made the investment from its €3.3bn vehicle, Triton Fund IV, which is around 70% invested, according to unquote" data.

The former CEO, the van Vliet family and the company's management will hold a combined 49% stake in the new company while Triton takes the remaining 51%.

Unica posted revenues of €357m in 2016, up 20% from €292m in 2015 and net profit grew from €5.2m to €12m in the same period.

Unica's strategy will remain unchanged after the buyout, according to a company press release.

Company
Unica was founded in 1933 and has been owned by the van Vliet family since 1953. It offers process optimisation and environmental impact reduction services to manufacturing and data companies. This includes water and electricity saving measures as well as process automation. The company employs around 2,000 people in 13 offices. It generated a €20m EBITDA from €357m in revenues in 2016.

People
Triton Partners – Luc Hendriks (general partner).
Unica – John Quist (CEO).

Advisers
Company – Oakley Corporate Finance (corporate finance); Loyens & Loeff (legal).

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• Topics
• Buyouts
• Industrials
• Benelux
• DACH
• Triton Partners
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