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Triton portfolio company Befesa makes stock market debut at an opening price of EUR 28,00 per share
- IPO of a Triton supported company
- Turnover and earnings have increased substantially since acquisition in 2013
- Over EUR 100m invested in growth and expansion in Germany and Asia
- Increased investment in research and development and production technologies
Frankfurt (Germany), 3 November2017 - Funds advised by Triton ("Triton") have successfully achieved an IPO of Befesa S.A. ("Befesa"). Today, shares of Befesa , a leading European provider of environmental services to the secondary steel and aluminium industries, began trading on the regulated market of the Frankfurt Stock Exchange at EUR 28,00 per share.
Peder Prahl, Director of the General Partner for the Triton funds: "The IPO is an important step for Befesa. Having direct access to the capital market supports the company to continue growing organically and to build upon its strong market position worldwide."
Triton acquired Befesa in 2013, and supported Befesa by investing capital in growth and expansion, improving processes and efficiency internally and driving the international growth strategy, particularly in Asia and Germany. Today, Befesa is a global leader in its markets.
Javier Molina, CEO of Befesa, said: “With a supportive owner at our side we have significantly expanded our global presence, and increased productivity and technical expertise. It was a crucial and good decision to invest in our international expansion, research and development and production technologies. Today’s listing is a validation of our leading position as a provider of critical environmental services and motivates us to continue to put all our energy into making Befesa even stronger. The listing on the stock exchange therefore underlines our ambitions of growths and shareholder returns.”
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 32 companies currently in Triton's portfolio have combined sales of around €14.7 billion and around 91,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com
Befesa is a leading international provider of critical environmental regulated services to the steel and aluminium industries with facilities located in Germany, Spain, Sweden, France and the UK, as well as in Turkey and South Korea. Through its two business units, steel dust and aluminium salt slags recycling services, Befesa manages and recycles more than 1,300kt of residues annually, with a production of more than 600kt of new materials, which Befesa reintroduces in the market, reducing the consumption of natural resources. Further information can be found on the Company’s website: www.befesa.com
Phone: +49 69 921 02204