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Trilantic raises $788 mln for European buyouts

Firm: Trilantic Capital Partners

Fund: Trilantic Capital Partners V (Europe)

Amount raised: About $778 mln

Trilantic closed its fifth buyout pool in early 2014 as its first independent fund after it spun out from bankrupt Lehman Brothers. It’s also fundraising for Trilantic Energy Partners (North America), with a $500 million target, as its first standalone energy fund, according to a Form D filing. The energy pool drew in $333 million in commitments as of May 6.

Trilantic Capital Partners V (Europe) filed a Form D in July, 2014 with no disclosed target or date of first sale.

Trilantic lists eight executives in its European arm, led by Vittorio Pignatti-Morano, chairman; also Javier Banon, Joseph Cohen, Michael Madar, Giacinto D’Onofrio, Henrik Bodenstab, Fernando Tome and Javier Olascoaga.

Trilantic also lists seven European portfolio companies on its website: Elisabetta Franchi (Betty Blue S.P.A.) , Euskaltel SA, Gamenet, Leya, Marex Spectron, Patentes Talgo SA and Prettl SWH.

One of those portfolio companies, Spanish telephone company Euskaltel, said it’s planning to sell existing shares on the Madrid, Barcelona, Bilbao and Valencia stock exchanges in an initial public offering that will value the company at up to about $1.7 billion.

A spokeswoman for the firm declined to comment.

Trilantic has maintained a presence in Europe with offices in London, Guernsey and Luxembourg

Trilantic’s European arm focuses on control and co-control investments in the Western part of the Continent. The firm said it partners with family-owned businesses and provides growth capital to management teams. Trilantic Europe specializes in the consumer & leisure, industrials; technology, media and telecom; business services and healthcare sectors.