Triton and Paragon sell Europart to Alpha

Financial terms of the deal were not disclosed. The deal is a divestment for Triton Fund II, a €2.25bn vehicle which closed in February 2010, while Paragon will sell its minority stake from Paragon Fund I.

Under Triton and Paragon's ownership, Europart has streamlined its business through logistics centralisation. The company has also expanded into the Nordic region through the acquisitions of Swedish parts dealers LVD and Trailereffekter.

Previous funding
Triton and Paragon acquired Europart form the Pederzani family in June 2011. The investment was planned to be used for further international expansion but no other terms of the deal were disclosed.

Company
Founded in 1949, Europart is a supplier of spare parts and accessories for commercial vehicles and buses. The company's main customer groups are vehicle garages, transport companies and fleet operators. Europart has an international network of more than 300 sales outlets in 28 countries.

People
Paragon Partners – Edin Hadzic (partner).
Triton Funds – Peder Prahl (director).
Alpha Private Equity Funds – Luca Zacchetti (senior operating partner).
Europart – Pierre Fleck (CEO).

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• Topics
• Buyouts
• DACH
• Consumer
• Germany
• Paragon Partners GmbH
• Triton Partners
• Secondary buyout