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Our Investments

Trilantic Europe focuses on sectors where we have significant resources, experience and expertise and can capitalise on our diversified sourcing and operating relationships and capabilities. Our sectors of focus are Consumer & Leisure, Industrials, TMT, Business Services and Healthcare.

Consumer & Leisure

The Consumer & Leisure sector is a longstanding area of focus for Trilantic Europe. Investments in the sector have been made by each of our last three Funds, dating back to 2003. Utilising the broad expertise of our team and of our operating Partners, we focus particularly on Food and Food Ingredients, Beauty Products, Luxury and Leisure & Entertainment.

Our portfolio companies typically have strong brands and market positioning, while those in the leisure segment enjoy positive market dynamics driven by demographics and consumption/experience trends.

Companies in this sector include:

Industrials

Trilantic Europe has a long history of investing in Industrial companies often backing family or founder owned businesses as they undergo intergenerational transitions, international expansion or spin-off from larger industrial conglomerates. With a strong base of Industrial, Manufacturing and Engineering companies in Europe, Trilantic Europe has in particular focused on transportation, automotive and energy efficient solutions.

Companies in this sector include:

TMT

Historically, Trilantic Europe has closely monitored the Telecom sector in Europe and been able to support companies at times where hands-on value-added capital was required to support investments, growth or operational improvements. Our commitment to Telecom and Media has recently been complemented by increased focus on Technology, Software and Internet related businesses.

Companies in this sector include:

Business Services

Trilantic Europe typically focuses on asset light companies with high cash conversion rates, and significant potential for international expansion that we can support. Buy and Build has been a particularly relevant strategy for this sector.

Companies in this sector include:

Healthcare

Healthcare expenditure represents between 9% and 11% of GDP in all European countries. With positive macro trends in Europe, including ageing populations, increased life expectancy and growing government deficits in some countries, Trilantic Europe continues to actively search for opportunities in the sector.

Our deep-rooted presence in each of the geographies we target, together with our strong industry expertise supported by 3 operating partners, means we are well positioned to invest in the complex European healthcare landscape. Differing payment, regulatory and social factors create unique characteristics in each country and provide an opportunity for us to employ our specialist knowledge and expertise. Trilantic Europe has been particularly active in Medical Services and Facilities, but also in Pharma Ingredients and Contract Manufacturing where we believe there are good consolidation opportunities for companies that can offer efficient manufacturing and operational standards.

Companies in this sector include:

In addition, Trilantic Europe focuses on specific Technology verticals where it can leverage its industry and country presence and preserve its focus on cash flow generating businesses. Sector verticals include: network infrastructure, software, IT services and tech enabled businesses.

Talgo

Talgo

  • Sector: Industrials
  • Location: Spain
  • Investment date: March 2006
  • Exit date: Partial exit through IPO in 2015
  • status iconStatus: Partially Realised
  • See case studyarrow

Business Description

Founded in 1942, Talgo is a leading manufacturer and maintenance service provider of high-speed and intercity trains, with a ~50% market share in Spain and significant activities in the US, Germany, Kazakhstan, Russia and Saudi Arabia. Through its differentiated technology, Talgo trains are able to reduce travel time, maximize capacity and reduce energy consumption. Trilantic Europe invested in Talgo in March 2006 and supported the company on its significant growth and international expansion with 82% of 2016 revenues coming from international markets.

Exit Date

In 2012 Trilantic Europe brought together a consortium of financial buyers, led by Trilantic Europe IV, to provide liquidity to Talgo’s shareholders (including Trilantic III). Talgo was listed on the Spanish Stock Exchange on 7 May 2015 with the floating of 45% of the ordinary shares.

Contact

Trilantic Europe

London

35 Portman Square, London W1H 6LR, United Kingdom

Guernsey

Le Marchant Street, St Peter Port, Guernsey GY1 4HY

Luxembourg

26 Bd Royal, L-2449 Luxembourg, Luxembourg