Trilantic Capital Partners Completes Sale of Fortitech to DSM
Trilantic Capital Partners, a global private equity firm, today announced it has completed the sale of its stake in Fortitech as part of Royal DSM’s (NYSE Euronext: DSM KON) acquisition of the company.
In October 2010, Trilantic Capital Partners invested in Fortitech, a global leader in ingredient blends for the food and beverage, infant nutrition and dietary supplements industries, to provide the founder-run business with the resources to continue its global expansion. Fortitech’s global footprint now includes production sites in New York, California, Campinas (Brazil), Kuala Lumpur (Malaysia), Gastrup (Denmark) and Poznan (Poland), with additional sales offices in China, Russia and Mexico. Last month, DSM, a global life sciences and materials company, entered into a definitive agreement to acquire Fortitech in an all cash transaction for a total enterprise value of US$634 million.
“It has been a rewarding experience to be a part of Fortitech’s journey as it expanded its operations around the world and built on its strategic capabilities,” said Charlie Moore, Partner at Trilantic Capital Partners. “It was a productive partnership with Fortitech’s talented founders and management team and we thank them for all their hard work.”
Fortitech is the latest in a series of recent and pending exits for Trilantic including Istanbul Doors Group, Mediclinic International, Microstar Logistics, SRAM and TLP Energy.
About Trilantic Capital Partners
Trilantic Capital Partners is a private equity firm focused on control and significant minority investments in North America and Europe with primary investment focus in the consumer, energy, financial and business services sectors. Trilantic was formed in 2009 by the former principals of Lehman Brothers Merchant Banking, where they created a strong track record of investing in and building successful growth businesses. Trilantic currently manages four institutional private equity funds with aggregate capital commitments of $5.0 billion. For more information, visit
www.trilanticpartners.com
Trilantic Capital Partners
Amanda Oey
Tel: 212.279.3115 ext 275
Email: aoey@prosek.com
Caroline Harris
Prosek Partners
Tel: 212.279.3115 ext 222
Email: charris@prosek.com
Dec 21, 2012
New York
Trilantic Capital Partners
Amanda Oey
Tel: 212.279.3115 ext 275
Email: aoey@prosek.com
Caroline Harris
Prosek Partners
Tel: 212.279.3115 ext 222
Email: charris@prosek.com