Munich, 1 April 2014. Linklaters advises the private equity investment firm Triton on the acquisition of ALSTOM’s auxiliary components business for thermal power plants. Funds advised by Triton have entered into an agreement to acquire the business for a purchase price of about €730 million. The transaction is expected to close by September 2014.

Founded in 1997, Triton has since focussed on investing in medium-sized businesses in Northern Europe, in particular in the energy, manufacturing, services and consumer/health sectors. Triton is currently invested in 25 companies, with combined sales of about €13 billion and more than 52,000 employees.

A market leader in the energy and transport section, the French ALSTOM group offers in particular solutions regarding the construction of power generation plants and products as well as power transmission and rail infrastructure solutions around the world. The auxiliary components business is part of the steam segment within ALSTOM's Mannheim-based Thermal Power division and employs about 1,500 people. It is active across three product lines: preheaters for thermal power plants, heat transfer solutions for a variety of petrochemical and industrial processes and grinding mills for industrial applications. For the 2013/2014 fiscal year, the business is expected to generate revenues in excess of €430 million.

Linklaters (Munich, Berlin, Düsseldorf, Frankfurt, Paris): a Linklaters team led by Dr Rainer Traugott and Dr Florian Harder (both Corporate, Munich) advises on the transaction. The team also includes Dr Thomas Elser (Tax, Munich), Vincent Ponsonnaille (Corporate, Paris), Dr Markus Appel (Corporate, Berlin), Dr Konrad Berger (Counsel, TMT), Dr Jann Jetter (Tax, both Munich), Daniel von Brevern (Competition, Düsseldorf), Thorben Eisenbeib, Dr Christian Ley (both Employment, Munich), Holger Ebersberger (Corporate, Munich), Steffen Schellschmidt (Banking, Frankfurt), Marc-Oliver Eberspacher (Corporate), Martin Mager (Tax, both Munich), Ruprecht von Maltzahn, Dr Niclas von Woedtke, Hanno Witt (all Corporate, Munich).