Triton Partners has closed its sixth flagship mid-market fund (T6) at its fundraising target of €5.5bn, making it the firm’s largest fundraise to date, after securing capital commitments from new and existing investors globally.
Triton’s Mid-Market buyout (TMM) strategy focuses on its core sectors of industrial technology, business services and healthcare. According to a press statement, as a “responsible owner of choice”, T6 will invest where its market and investment insights provide an edge, positioning the firm to capitalise on attractive opportunities, supported by the Accelerator Unit, Europe’s largest value creation team.
T6 seeks to maintain the strong performance of previous funds, which have all achieved top quartile returns.
Triton continues to see opportunities to drive transformational change and deliver growth in European businesses. T6 has to date invested €900m of capital across three platform investments – Hanab, Keenfinity and MacGregor – corporate carve outs in Triton’s core sectors.
“The close of T6 begins another important chapter for our TMM strategy and for Triton as a firm,” said Peder Prahl, Founder and Chief Executive Officer of Triton Partners. “With our focus on European mid-market services, industrial tech and healthcare businesses, we will continue to proactively source attractive investment opportunities where we can build and grow market leading businesses. We will remain disciplined as we continue to invest T6.”
