Trifork Labs agrees to sell 30% stake in a portfolio company to an equity fund investor

GRO-led Consortium and Trifork Invest in Promon AS

December 28, 2021

Cybersecurity

Promon AS, an Oslo-based provider of application shielding software, has accepted a strategic investment led by GRO with participation from Kirk Kapital; Trifork will also invest and enter a strategic partnership. The GRO consortium becomes a majority investor to accelerate global growth, expand across industry verticals, and fund product innovation for Promon's SHIELD application-protection platform.

Bonaccord Acquires Passive Minority Stake in Trivest Partners

January 25, 2022

Financial Services

Bonaccord Capital Partners, a subsidiary of P10, has acquired a passive, non-voting minority equity interest in Trivest Partners. The minority investment is intended to provide Trivest with capital to invest in its employees and growth initiatives while leaving day-to-day management and decision-making unchanged; terms were not disclosed.

Cinven Sells Minority Stakes in SYNLAB; Labcorp and Elliott Become Minority Investors

October 30, 2024

Healthcare Services

Cinven has sold an indirect minority stake in SYNLAB to strategic investor Labcorp while funds advised by Elliott have agreed to sell their direct stake to Ephios Bidco (Cinven-controlled) and reinvest proceeds to become an indirect minority shareholder alongside Cinven, Labcorp and Qatar Holding. The transactions leave Cinven as majority shareholder of SYNLAB and create opportunities for collaboration (including bringing Labcorp specialty tests to Europe); the Elliott transaction remains subject to regulatory approvals and is expected to close in early 2025.

Warburg Pincus and Berkshire Partners Acquire TRIUMPH for $3 Billion

February 3, 2025

Aerospace & Defense

Affiliates of private equity firms Warburg Pincus and Berkshire Partners agreed to acquire Triumph Group, Inc. in an all-cash transaction valuing the company at approximately $3.0 billion ($26.00 per share). The deal was announced in February 2025, will take TRIUMPH private upon closing (expected in H2 2025) and closed in July 2025, with Jorge L. Valladares III named CEO as the company transitions to private ownership to accelerate growth and expand capabilities in aerospace and defense.

Triton IV Continuation Fund Acquires Flokk Group (Innova Capital Exit)

May 1, 2023

Manufacturing

Innova Capital and its minority co-investors sold their stake in Flokk Group as part of a larger transaction that moved four Triton Fund IV portfolio companies (Assemblin, EQOS, Flokk and Unica) into the newly-formed Triton IV Continuation Fund (TIV CF). The deal represents Innova's final exit from its Innova/5 vehicle and transfers majority-held assets into the continuation fund managed by Triton.

Levine Leichtman Capital Partners Acquires Triskelion (Ducares B.V.)

October 22, 2020

Professional Services

Levine Leichtman Capital Partners (LLCP) acquired Ducares B.V., which trades as Triskelion, from First Dutch Innovations. Triskelion is a Utrecht‑based specialist in high‑end food and feed testing and compliance services; LLCP will support growth initiatives and develop the business as a niche platform under its Europe II fund.