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.
- 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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