Triton buys Univativ

This is the second acquisition made by Triton's recently established lower-mid-cap team, according to a statement.

The fresh capital will be used to develop new services and strengthen the company's position in German-speaking markets.

Triton's portfolio comprises 29 companies with combined revenues of €13.9bn. The firm typically invests in mid-cap companies headquartered in Europe.

Previous funding
In March 2012, Odewald & Compagnie acquired Univativ for an undisclosed sum via its Odewald KMU fund. The debt was provided by KMU-Bank. 

Company
Univativ consists of two brands, Univativ and Provativ. Univativ focuses on placing students and young professionals, while Provativ places IT professionals. The combined group employs around 1,200 people in 14 locations in Germany and Switzerland.

Univativ was founded as a student management consultancy in the technical university in Darmstadt in 1996. It spun out in 1998 and started the Provativ division in 2013. The company projects EBITDA of €8m for 2017, according to unquote" sister publication Debtwire.

People
Triton Partners – Peder Prahl (managing partner); Andi Klein (fund adviser).
Univativ Group – Martin Ilg, Henning Loof, Olaf Kempin (managing directors).

Advisers
Vendor – GCA Altium (M&A). 

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• Secondary buyout