Innova Capital has agreed to sell Trimo to Kingspan Group. No financial terms were disclosed. Trimo is an European provider of facade and building envelope solutions. The deal is expected to close during the fourth quarter of this year.
Innova Capital, a leading private equity fund in C&EE, has signed a definitive agreement with Kingspan Group to sell 100% stake in Trimo, a leading European producer of high quality façade and building envelope solutions. The parties have not disclosed the terms of the transaction. Completion remains subject to regulatory approvals and is expected to take place during the fourth quarter of 2020.
“Not only were we able to achieve a very good return, but we have successfully transformed the company from a local champion into a truly international player. I’m particularly grateful to the management team, under the leadership of Božo, for their invaluable contributions, and also to all the employees of Trimo for their support during our holding period” – says Andrzej Bartos, Senior Partner, who led the transaction for Innova.