Triton Partners has signed an agreement to sell SEVES Group, the parent company of SEDIVER Group, to Blackstone. The terms of the transaction remain undisclosed. SEDIVER, a leading manufacturer of toughened glass insulators crucial for high-voltage transmission grids, has thrived under Triton’s ownership due to its expansion efforts and digital innovations. This acquisition marks Triton’s complete divestment from SEVES Group, closing an era of significant advancements and global growth for the company. Blackstone views SEDIVER as a pivotal player in the energy transition and plans to support its further growth. Financial advisors for this transaction include Lincoln International for SEVES Group and Citi for Blackstone. This deal is part of Triton’s broader divestment strategy, having realized significant returns in its private equity funds over the past six months.
Private Equity, Energy, Manufacturing,Luxembourg, Global
https://www.triton-partners.com/media/news/triton-to-sell-sediver-parent-company-seves-group-to-blackstone/