Case study

UniHold B.V. has successfully sold a majority stake in Unica to Triton

The shareholder of Unica has successfully sold a majority stake to Triton.

Unica is a family-owned technical services company and industry leader in sustainable solutions. The company offers complementary, specialized and innovative electrical engineering, mechanical engineering and ICT services. It mainly serves clients in non-cyclical sectors, such as datacenters, education, healthcare, hospitality and industry. Unica was founded more than 80 years ago and fosters a culture based on family values and long-term sustainable growth. Consequently, Unica has grown strongly from a regional player into the largest independent Dutch technical services company with more than 2,000 skilled employees and a countrywide footprint.

Both in terms of revenues and profitability, Unica has shown significant growth in recent years and is heading towards revenues of US$576.6 million over the next few years. The company is well-positioned to take advantage of the rising demand for sustainable buildings and increasing intelligence in the building environment. In 2016, Unica's revenue grew by more than 20% to US$411.7 million (2015: US$336.7 million) and the company’s EBITDA almost doubled to US$23.3 million (2015: US$13.5 million).

The Triton funds invest in and support positive and sustainable development of medium-sized businesses headquartered in Europe, focusing on businesses in the industrial, business services and consumer/health sectors. The 31 companies currently in Triton's portfolio have a combined revenue of around US$17.3 billion and some 90,000 employees. The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the UK, the US, China, Luxembourg and Jersey.

Oaklins' team in the Netherlands acted as the exclusive M&A advisor to Unica's shareholder in this transaction.

 

What our client said

John Quist, CEO at Unica, said: “We are pleased that with the professional and dedicated assistance of Oaklins, we found a strong partner in Triton. Triton has considerable experience in the sector and can support us to grow further in line with the strategy that was implemented a few years ago.”

Tombstone image for UniHold B.V. has successfully sold a majority stake in Unica to Triton

Key deal contacts

Arjen Kostelijk

Netherlands

Partner

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Casper Oude Essink

Netherlands

Senior Associate

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Jan-Pieter van Doorn

Netherlands

Analyst

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Maarten Wolleswinkel

Netherlands

Partner

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