Triton (TSM II) Acquires Majority Stake in FairWind A/S

Triton Acquires Majority Stake in Kälte Eckert Group

July 28, 2022

HVAC & Mechanical

Triton (Triton Smaller Mid‑Cap Fund II) has acquired a majority stake in Kälte Eckert Group, a German specialist in refrigeration and air‑conditioning systems using natural refrigerants. Triton is investing alongside management (Michael and Holger Eckert) to support the company’s regional expansion and further develop its sustainable refrigeration capabilities; terms were not disclosed.

Equinor and SSE Thermal Acquire Triton Power from Energy Capital Partners

June 28, 2022

Energy

Equinor and SSE Thermal have completed the £341 million acquisition of Triton Power from Energy Capital Partners, forming a 50:50 joint venture to own Triton. The deal includes the 1.2 GW Saltend Power Station and positions the buyers to decarbonise flexible power generation — including plans to prepare Saltend to run on up to 30% hydrogen from 2027 and eventual conversion to hydrogen — while supporting Equinor's H2H Saltend hydrogen project.

Triton (Smaller Mid‑Cap Fund II) Acquires Neptune Software

April 27, 2022

Cloud & SaaS

Triton’s Smaller Mid‑Cap Fund II (advised by Triton) has signed an agreement to acquire Neptune Software, a Norway‑founded low‑code/no‑code (LCNC) enterprise app development platform, from Nordic investor Standout Capital and the company founders. Neptune, founded in 2011 and headquartered in Oslo, employs about 100 people, serves hundreds of enterprise customers with its Neptune DXP SaaS product, and will be scaled commercially and geographically under Triton's ownership; terms were not disclosed.

Triton (TSM II) Acquires Majority Stake in Geia Food A/S

June 15, 2021

Food & Beverage

Triton's Smaller Mid‑Cap Fund II has acquired a majority stake in Geia Food A/S, a leading Scandinavian food concept provider. Triton is investing alongside Geia Food management and key employees to support the company's continued growth and regional expansion across Denmark, Sweden, Norway and Finland; terms were not disclosed.

Triton's Smaller Mid‑Cap Fund Acquires Majority Stake in Inwerk GmbH

December 3, 2020

Manufacturing

The Smaller Mid‑Cap Fund (TSM), advised by Triton, has acquired a majority stake in Inwerk GmbH, a German developer, manufacturer and omnichannel retailer of professional office furniture. Financial terms were not disclosed; Triton said the investment will support Inwerk’s continued growth, product innovation and regional expansion.

Triton (Smaller Mid Cap Fund) Acquires Norstat Group

November 22, 2019

Data & Analytics

The Smaller Mid Cap Fund advised by Triton has signed and subsequently completed the acquisition of Norstat Group, a pan‑European provider of panel access and data collection services for consumer market research. Triton will support Norstat's growth and geographic diversification, backing the company's online transition and potential bolt‑on acquisitions across continental Europe.