Triton-backed Norres buys De Bernardi

The GP said in a statement that the acquisition is part of Norres's internationalisation strategy.

Triton bought a majority stake in Norres in October 2018 via its Smaller Mid-Cap fund. The vehicle held a final close in July 2018 on €448m, exceeding its target of €350m. The fund invests €20-50m in smaller mid-cap DACH-based and Nordic companies with enterprise values of €25-100m. It backs companies in the industrial, business services, consumer and healthcare sectors.

Norres was founded in 1989 and has 300 employees. With the acquisition of De Bernardi, the company now has six European locations, plus a site in the US.

Triton had not responded to a request for comment at the time of publication.

Company
De Bernardi is based in Cusago, Milan, and was founded in 1970. More than 30% of its sales are generated outside Italy, according to its website. The company produces flexible hoses for various functions including ventilation, suction, chemical vapour extraction, air conditioning and high-temperature use in industry.

People
Norres – Burkhard Mollen (CEO).

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