Triton-backed Dywidag buys Partec

The acquisition expands Dywidag's reach in eastern Europe and Scandinavia, and allows Partec to access Dywidag's distribution channels.

Dywidag is a Triton Fund III portfolio company. Triton acquired the firm from Barclays Capital and Bank of America Merill Lynch after the lenders took control of the business from CVC Capital Partners in 2010 because it was unable to service the debt from its 2007 buyout.

At the time of Triton's acquisition, Dywidag generated €48m EBITDA from sales of €518m and employed 2,200 people. Triton split the firm into Dywidag-Systems International and DSI Underground, which generated sales of €340m and €437m in 2018 respectively, employing a combined total of 2,440 people.

Company
Partec was founded in 1998 and is headquartered in Gajków in the Wroclaw region of Poland. It manufactures and distributes hydro-insulation for buildings.

People
Dywidag-Systems International – Matti Kuivalainen (CEO); Ian Jarvis (president of concrete accessories).
Partec System – Krzystof Kotarba (founder).

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• Topics
• Portfolio management
• CEE
• Industrials
• Poland
• Build-up
• Triton Partners