LLCP buys Triskelion

The GP has invested in the company via Levine Leichtman Capital Partners Europe II, which held a final close on €463m earlier this month.

The fund follows a differentiated structured private equity investment strategy, combining debt and equity capital investments. It targets various sectors, including business services, franchising, healthcare, education and engineering.

This is the second deal made by the fund, following its acquisition of Belgium-based online training specialist SIPM.

LLCP is a mid-market private equity firm headquartered in Los Angeles that specialises in highly flexible investments to meet the needs of management teams who require long-term capital, but wish to minimise equity dilution.

The firm has been investing in Europe since the opening of its London office in 2011, expanding its presence with the addition of offices in The Hague in 2015 and Stockholm in 2019.

LLCP currently manages assets worth around $7bn – including its most recent flagship fund, Levine Leichtman Capital Partners VI, which closed on $2.5bn in December 2018, surpassing its $2.2bn target.

The sale ends a two-year holding period for FDI, which bought safety food expert Ducares in 2018 and subsequently merged the company with Triskelion, creating a new entity specialised in food testing.

FDI is a joint venture between TNO, a Netherlands organisation for applied scientific research, and First Dutch, an investment company owned by entrepreneur Peter Goedvolk that is focused on impact investing and sustainability.

Company
Founded in 2010 and based in Utrecht, Triskelion is a testing and safety specialist for the food, pharmaceuticals and chemicals industries. It provides nutrient analysis, residue testing and GMO analyses, as well as compliance, risk management and emergency response services.

The company merged with food safety specialist Ducares in January 2020 and currently operates under both trade names Triskelion and Ducares.

People
Levine Leichtman Capital Partners – Wouter Snoeijers (managing director).
Triskelion – Robert-Jan Raterink (managing director).

Advisers
Equity – KPMG (commercial & financial due diligence, tax); NautaDutilh (legal); CFI (M&A).
Vendor – PwC (M&A); Allen & Overy (legal); CorporateWise (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Benelux
• Support services
• Netherlands
• KPMG
• PwC
• Allen & Overy