15 May 2017

Paragon und Triton to sell EUROPART to Alpha Private Equity

Paragon Fund I and Triton Fund II (“Triton II”) signed an agreement to sell EUROPART Holding GmbH (“EUROPART”), a European market leader in spare commercial vehicle parts and other workshop equipment, to Alpha Private Equity Funds (“Alpha”). The parties have agreed not to disclose the purchase price. The transaction is subject to regulatory approval in the relevant jurisdictions.

“Over the past five years, EUROPART has positioned itself as the clear European market leader in the distribution of spare parts for commercial vehicles. Along with improving the sales mix and product assortment, pushing private label and pricing, the company has streamlined the business through optimizing sourcing as well as centralizing logistics. EUROPART has invested in a strong future by expanding its geographical footprint in the Nordic region though the acquisition of Swedish Parts Dealers LVD and Trailereffekter. We are very confident that the business will continue to prosper under its new owner, Alpha, and its industry experienced team. We would like to thank the management team and the employees for their valuable contributions to the company’s development,” said Peder Prahl, Director of the General Partner for the Triton funds.

Edin Hadzic, managing partner at Paragon, commented: “We remain impressed by the company’s progress over the last five years and what the management team and EUROPART’s employees have achieved to date. As the firm enters a new phase in its development, Alpha, as the new shareholder, will have ample opportunity to support the future growth with its industrial network.”

Luca Zacchetti, Senior Operating Partner for Alpha, stated: “Alpha is delighted to work together with the current management team of EUROPART with the goal to grow the business further, to satisfy employees, customers and suppliers and to support accretive acquisitions.”

Pierre Fleck, CEO of EUROPART, added: “Thanks to the support of our shareholders Triton and Paragon, the management and the employees of EUROPART have accomplished the tremendous task of repositioning and developing the company during the last five years. The new partnership between EUROPART and Alpha, an investor which will bring its strong industry experience as well as financial capability, will allow EUROPART to further accelerate its development.”

EUROPART is the leading trading company for spare parts and accessories for commercial vehicles, buses and special vehicles of all classes in Europe. In addition, EUROPART supplies its main customer groups in vehicle garages, transport companies and fleet operators with a wide range of workshop requirements: This includes the areas of chemicals, workshop/office equipment, fastening technology, operational safety equipment etc. for day-to-day work. EUROPART has an international network and is with more than 230 sales outlets represented in 27 countries.
For further information: EUROPART.net

About Alpha
Alpha invest in mid-sized companies in Italy, France, Germany, Benelux, and Switzerland, focusing on either business services, retail or capital goods businesses with the goal of achieving a long-term sustainable growth for its investments. Alpha is based in Luxemburg and is advised by a team of dedicated executives based in Italy, France, Germany and Benelux.

About Paragon
Paragon is one of the leading independent private equity firms in Europe with approx. €650 million of equity under management. Paragon works closely with portfolio companies to achieve sustainable growth and operational excellence. The investment portfolio covers various industries and currently comprises 6 companies. Paragon was founded in 2004 and is based in Munich, Germany. For further information please refer to www.paragon.de.