Schindler Attorneys advised Triton on the Acquisition of Caverion

Funds advised by Triton (“Triton”) have completed the process to acquire Caverion Corporation (“Caverion”). On January 10, 2023, Triton announced a voluntary public cash tender offer through Crayfish Bidco Oy.
The subsequent acceptance period for shareholders ran through November 1, 2023. Following the expiration of this acceptance period and the completion of the tender offer, Triton currently holds 94.39% of Caverion’s shares. Schindler Attorneys advised Triton on this transaction.
Caverion is a Finland-based provider of sustainable installation and service solutions for building systems. The company has a highly diversified revenue mix, with more than two-thirds coming from service contracts and one-third from building systems installation projects. Caverion’s services cover the entire lifecycle of building complexes. The company possesses expertise in a range of areas, including basic and smart building systems, managed services and consulting, engineering, and digital solutions. Caverion employs approximately 15,000 people, primarily in the Nordic countries and the DACH region. The team serves customers in 10 countries at over 200 different locations.
Triton is a leading European private equity firm founded in 1997 and owned by its partners. Triton specializes in mid-market companies and focuses on businesses that provide essential goods and services in the services, healthcare, consumer goods, and industrial sectors. Triton employs more than 200 investment professionals across 11 offices and invests through three complementary “all-weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.
The team at Schindler Attorneys, led by partners Clemens Philipp Schindler (Corporate Law/M&A) and Philippe Kiehl (Antitrust, Investment Control), advised Triton on the Austrian aspects of the acquisition. The Finnish law firm Avance acted as lead counsel to the acquirer. Triton is one of the firm’s ongoing private equity clients and was most recently advised, together with Latham & Watkins, on the acquisition of the Trench high-voltage division from Siemens Energy.
For Inquiries:

DDr. Clemens Philipp Schindler, LL.M.
Partner
clemens.schindler@schindlerattorneys.com
T +43 1 512 2613 205

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