Trilantic exits stake in aggregates company following $205m buyout


texture---stone-chippings-854238-mPrivate equity firm Trilantic Capital Partners has agreed to sell its majority stake in crushed stone and gravel company VantaCore Partners.

The sale has come about due to mineral reserves business Natural Resource Partners buying the minerals company for $205m.

VantaCore supplies a complete range of aggregates, including graded limestone, washed sand, gravel and asphalt. It also buys other companies dealing in that sector.

Trilantic bought the majority interest in VantaCore in April 2010 and subsequently ploughed in more cash to help the company grow and make complementary purchases.

The firm’s other recent exits include the sale of its assets in Enduring Resources’ Permian Basin and the IPO and secondary share sale of Antero Resources Corporation.

Trilantic latest fully subscribed vehicle is its Fund V North America which closed on $2.2bn in 2013.

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