Triton said it funded the deal entirely using equity from its buyout funds, and although financial details were not disclosed Reuters came up with the headline figure through sources close to the transaction.
The firm said it saw “substantial growth” in Alpine’s core business areas of planning, setting up and maintaining telecommunications, energy and traffic infrastructure, which saw it achieve a turnover of €462m in the past financial year.
Alpine, which employs about 3,000 people, was founded in Stuttgart in 1920 and has grown to see most of its turnover come from Germany, Austria and Switzerland.
The deal follows reports in May that Triton had held a €3.3bn first and final close for the largest-ever private equity fund raised by a Germany-based manager.
That figure put Triton Partners IV fund well above the €2.4bn the firm gathered for its predecessor vehicle three years ago according to Dow Jones, which cited three people familiar with the matter.
Triton made a swift return to the market in an attempt to capitalise on appetite for private equity in the Nordic region, where the economy has outperformed other regions in Western Europe and financing to back acquisitions has been more readily available.
In June the firm bought 76.3 per cent of the shares of infrastructure business Infratek for about €84m.
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