UK private equity fund invests in German industrial hose group

Gelsenkirchen, Germany – UK-based Triton Smaller Mid-Cap Fund is buying a majority stake in leading European plastic industrial hose manufacturer Norres Group.

The Jersey Island-headquartered private equity fund will aim to support Norres’ internationalisation efforts and strategic acquisitions by providing capital, regional access and sector expertise, Triton said in a 9 Oct statement.

“We look forward to working together with the management team and to contribute our expertise and available resources to promote our common vision of an even stronger company”, said Peder Prahl, director of the…

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