Prenax Acquired by Triton Partners
Deal News | Jun 30, 2025 | Triton Partners
Triton Partners, through its Triton Smaller Mid Cap Fund II, has announced an agreement to acquire Prenax, a leader in subscription management services, from LBO France. Specific terms of the deal were not disclosed. Prenax, which was founded in 1993, operates in multiple global locations and administers over 340,000 subscriptions for various clients. Triton plans to leverage their expertise to drive Prenax's growth, focusing on strategic acquisitions, international expansion, and enhancing their technology platform. This marks Triton's ninth platform investment, following their strategy of supporting mid-market business services, industrial tech, and healthcare companies.
Sectors
- Business Services
- Technology
- Investment Management
Geography
- France – LBO France, the selling company, is based in France.
- Global – Prenax has a global presence, operating in 11 countries across various regions including the UK, the Nordics, and the US.
Industry
- Business Services – Prenax operates within the business services sector, providing subscription management solutions to various global clients.
- Technology – Prenax's growth plan under Triton includes further development of its technology platform, particularly through increased automation.
- Investment Management – The transaction involves LBO France, an investment platform, selling Prenax to Triton Partners, part of the investment management industry.
Financials
- €815mn – The amount above the fundraising target at which the Triton Smaller Mid-Cap Fund II closed in 2021.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Triton Partners | Bidding Company | Company | A private equity firm that is acquiring Prenax. |
| Prenax | Target Company | Company | A globally leading subscription management service provider. |
| LBO France | Vendor | Company | A multi-specialist investment platform selling Prenax. |
| Henrik Tholander | Investment Advisory Professional | Person | Representative from Triton Partners commenting on the Prenax acquisition. |
| Fredrik Peterson | CEO | Person | CEO of Prenax commenting on the deal and future prospects. |