The German Goodwin Finance/Private Equity team advised Nalka on the financing of the acquisition of the Norres Baggerman Group from Triton Partners, its first investment in the DACH market. Terms and conditions of the transaction were not disclosed.
Nalka is an investment firm investing in market-leading small and medium-sized businesses based in the Nordic and DACH regions. Nalka has offices in Stockholm and Munich and develops independent, competitive, sustainable and long-term profitable companies, through commitment and cooperation. Since inception, Nalka has owned 28 companies within different industries and the current portfolio consists of 10 portfolio companies with combined sales of more than €2 billion.
Norres Baggerman, founded in 1889 in Gelsenkirchen, is a market-leading manufacturer of industrial PU, PVC and rubber hoses. The company has around 400 employees and production sites in Germany, Italy, the US and China.
For additional details on the acquisition, please read Triton’s press release.