Clifford Chance has advised Triton Fund II and Paragon Fund I on an agreement to sell Europart Holding GmbH, Hagen, Germany, to Alpha Private Equity Group. The parties have agreed not to disclose the purchase price. The transaction is subject to regulatory approval in the relevant jurisdictions.
Europart is a leading wholesaler of spare parts and accessories for commercial vehicles buses and special vehicles of all classes in Europe. In addition, Europart supplies its main customer groups in vehicle garages, transport companies and fleet operators with a wide range of workshop requirements: This includes the areas of chemicals, workshop/office equipment, fastening technology, operational safety equipment etc. for day-to-day work. Europart has an international network and is with more than 300 sales outlets represented in 28 countries.
The Triton funds invest in companies headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors. The 29 companies currently in Triton's portfolio have combined sales of around EUR 13.9 billion and around 86,000 employees.
Paragon Partners, founded in 2004, is a leading private equity group in the German speaking countries with more than EUR 650 million of equity capital under management.
Alpha invests in mid-sized companies in Italy, France, Germany, Benelux and Switzerland, focusing on either business services, retail or capital goods businesses.
The Clifford Chance team was led by partner Dr. Anselm Raddatz (Düsseldorf) and coordinated by counsel Dr. Robert John (Frankfurt) and comprised associates Katharina Franitza (Düsseldorf), Liza Laube (Frankfurt), Maria-Franziska Röntsch (all Frankfurt, all Corporate/Private Equity), counsel Dr. Werner Brickwedde and senior associate Ann-Kristin Cahnbley (both Corporate), partner Dr. Florian Mahler and senior associate Bahar Rahimyar (both Banking & Capital Markets), senior associate Dr. Lena Lindemann and associate Dr. Artur-Konrad Wypych (both Corporate/Employment, all Düsseldorf), partner Reinhard Scheer-Hennings and associate Alexander Shemyakin (both Real Estate, Düsseldorf), counsel Anne Britta Haas (Corporate, Munich), partner Marc Besen (Brussels/Düsseldorf) and counsel Dr. Dimitri Slobodenjuk (Düsseldorf, both Antitrust), partner Dr. Mathias Elspaß and senior associate Dr. Lukas Ernst (both Energy & Infrastructure, Düsseldorf) as well as partner Dr. Felix Mühlhäuser (Tax, Frankfurt). Lawyers from the Clifford Chance offices in London, Dubai, Madrid und Moscow also worked on the transaction.
