Triton (via Rebecca BidCo) Acquires Majority Stake in RENK AG

January 30, 2020

Triton V, through its subsidiary Rebecca BidCo, signed an agreement to acquire a majority stake in RENK AG from Volkswagen Vermögensverwaltungs-GmbH and other shareholders, valuing VW’s 76% stake at €97.80 per share. The transaction completed in October 2020 after a voluntary public takeover offer that secured an additional ~14.2% of shares; RENK AG (headquartered in Augsburg, Germany) will be a Triton portfolio company focused on expanding its technology leadership and digitalisation initiatives.

Buyers
Triton V (advised by Triton Partners), Rebecca BidCo AG (Triton subsidiary)
Targets
RENK AG
Sellers
Volkswagen Vermögensverwaltungs-GmbH, Remaining public shareholders of RENK AG
Industry
Manufacturing
Location
Bavaria, Germany
Transaction Type
Buyout

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