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Triton Partners holds record €3.3bn final close for Fund IV

20 May 2013

TritonTriton Partners has reportedly held a €3.3bn first and final close for the largest-ever private equity fund raised by a Germany-based manager.

The firm’s Triton Partners IV fund is 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.

The firm was hoping to gather at least €2.5bn for Fund IV, Reuters reported in March last year.

Triton’s most recently announced acquisition was a stake in Finnish daily goods retailer Suomen Lähikauppa from fellow Northern Europe-focused private equity firm IK Investment Partners.

Shareholders IK2000 Fund, Wihuri and Osuuskunta Tradeka-yhtymä signed an agreement to sell the business to Triton III in December last year.

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