Triton takes over Compo
Private equity house Triton has invested €205m in the buyout of garden-fertiliser distributor Compo.
The vendor, a supplier of standard and specialist fertilisers, K+S group, expects to receive a cash inflow of approximately €150m. The deal will also lead to a €90m book loss for K+S.
Debt
No details about a debt structure were provided.
Company
Headquartered in Munster, Compo is a supplier of home and garden goods including fertilisers, plant protection products, high quality potting soils and speciality products for public green areas, professional horticulture, special crops and special applications in agriculture. Founded in 1956, the company operates 15 offices worldwide and employs around 1,300 people. Compo's products are sold in more than 100 countries. The firm had a turnover of €402.3m in 2009 and an EBITDA margin of approximately 4%.
People
Norbert Steiner is chairman of the K+S board of executive directors and Dr Hans-Joachim Winterling is a member of Compo's management board.
Advisers
Equity - Linklaters, Dr Stephan Morsch, Dr Franz Schaefer, Dr Angela Poschenrieder, Dr Timo Engelhardt, Hanno Witt, Audrey Scarpa, Richard Gu, Andrea Pane, Solange Baruffi, Lorenzo Fabbrini, Vincent Ponsonnaille, Viorica Vahnovan (Corporate finance); Dr Thomas Elser, Dr Jann Jetter, Jörg Schrade, Martin Mager, Caroline Taudière (Tax due diligence); Carolin Goll-Müller, Thomas Bader, Thorben Eisenbeiß, Chek-Lhy Alice Luu, Laura Vázquez, Juan Zapatero, Laurent Schummer, Jakub Wozniak (Pension due diligence); Dr Markus Appel, Ingemar Kartheuser, Dr Daniela Seeliger, Dr André Scheidtmann, Nicole Kar, Felicity Deane, Alexandra Lazar, Fabian Ziegenaus (Commercial due diligence).
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