Deals
Buyout Firm Triton Builds Stake in Recycling Firm Befesa
- Triton holds less than 5% stake in Frankfurt-listed firm
- Buyout firm listed Befesa in 2017, exited two years later
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Buyout firm Triton Partners has built a stake in Befesa SA, people familiar with the matter said, marking a return to the waste recycling firm after its exit more than five years ago.
Triton now holds less than a 5% stake in the Frankfurt-listed firm, the people said, declining to be identified discussing confidential information. Shares of Befesa surged as much as 8.6% on Monday following the Bloomberg News report. The stock has risen about 25% this year, giving the company a market value of about €1 billion ($1.1 billion).