Pamplona looking to buy Ruetgers from Triton

The asset could fetch up to €700m, Reuters reported. The vendor is said to have been looking at trade sale opportunities in Asia but eventually had to turn to the secondary buyout route.

Triton bought Ruetgers from its parent company Evonik – now backed by CVC – in 2008.

The three largest German deals of 2012 have all been secondary buyouts. EQT bought BSN medical from Montagu for €1.8bn in June and Providence aquired HSE24 from AXA Private Equity for around €650m in July; that same month, Capvis and Partners Group also sold Bartec to Charterhouse.

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• Topics
• DACH
• Buyouts
• Exits
• Industrials
• Germany
• Secondary buyout
• Pamplona Capital Management