Triton Acquires MacGregor from Cargotec
Deal News | Nov 15, 2024 | White & Case
Global law firm White & Case LLP has provided legal advice to Triton, a prominent European mid-market investment firm, on its acquisition of MacGregor. MacGregor, a leader in sustainable maritime cargo handling, was previously part of Cargotec Corporation, a Nasdaq Helsinki-listed entity specializing in cargo handling solutions. Cargotec boasts a workforce of over 6,000 and reported sales of approximately €2.5 billion in 2023. The acquisition involved a large team from White & Case, led by experts from Helsinki, Washington, DC, Frankfurt, London, and Shanghai, highlighting the international nature and complexity of the transaction.
Sectors
- Private Equity
- Maritime & Shipping
- Legal Services
Geography
- Europe – Triton operates as a leading investment firm across multiple European offices; MacGregor has operations in several European countries.
- Global – MacGregor operates in 30 countries globally and Triton's advisory involved international legal expertise.
- Finland – MacGregor was part of Cargotec, which is a Finnish corporation listed on Nasdaq Helsinki.
Industry
- Private Equity – Triton is known as a leading European mid-market sector-specialist investor.
- Maritime & Shipping – MacGregor specializes in sustainable maritime cargo handling solutions and services.
- Legal Services – White & Case LLP is a global law firm that provided legal advisory services for the transaction.
Financials
- €2.5 billion – The reported 2023 sales of Cargotec Corporation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Triton | Bidding Company | Company | A European mid-market investment firm specializing in sector-specific investments. |
| MacGregor | Target Company | Company | A global leader in maritime cargo handling solutions and services. |
| Cargotec Corporation | Selling Company | Company | A Finnish cargo handling solutions and services provider. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising Triton on the acquisition. |
| Sten Olsson | Lead Partner | Person | A partner at White & Case leading the team advising Triton. |