What Trilantic Europe does

Trilantic Europe is a mid-market, pan-European private equity firm that manages approximately €2.3-2.6 billion in assets across multiple fund vehicles, most recently Trilantic Europe VI (closed at €925 million in February 2024) and a dedicated Energy Transition Investments (ETI) fund. Founded in April 2009 when five founding partners — including Vittorio Pignatti-Morano, formerly Vice Chairman of Lehman Brothers — acquired the Lehman Brothers Merchant Banking business with support from Reinet Investments S.C.A., the firm is headquartered in Luxembourg and operates regional offices in London, Milan, Madrid and Frankfurt am Main, serving as independent investment managers within the broader Trilantic platform (alongside Trilantic North America). The firm employs c.40 investment professionals, operating partners and senior advisors and invests with a non-auction, proprietary sourcing model in family-owned, founder-led and corporate carve-out situations valued typically between €50 million and €500 million across five sectors: Consumer & Leisure, Industrials & Energy Transition, TMT, Business Services and Healthcare. Senior Advisors drawn from former CEOs of Endesa, ERG, ITP and other corpora provide sector-grade operating depth that complements the firm's hands-on value creation model.

Name

Trilantic Europe

Legal name

Trilantic Europe S.à r.l.

Website

https://trilanticeurope.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Trilantic Europe is a pan-European mid-market private equity firm managing approximately €2.3-2.6 billion in assets across five sector verticals (Consumer & Leisure, Industrials & Energy Transition, TMT, Business Services, Healthcare), investing primarily through proprietary and primary buy-outs of family-, founder- and corporate carve-out businesses valued between €50m and €500m.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management Fees: Management fees charged on committed capital across multiple funds including Trilantic Europe V, VI, and Energy Transition Investments (ETI) fund. Fee structure typical for private equity with annual management charges.
2. Carried Interest: Performance-based carried interest from successful portfolio company exits, aligning fund manager interests with investor returns. Key exits include Talgo (IPO), Gamenet (Apollo acquisition), MW Brands (Thai Union), and Prettl SWH (FIT Hon Teng).
3. Co-Investment Fees: Co-investment opportunities offered to select investors alongside main fund investments, generating additional fee income.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Trilantic Europe is a mid-market, pan-European private equity firm that raises and manages investment funds providing equity capital to European companies. It executes management-led buy-outs, growth capital, corporate carve-outs, and buy-and-build investments, primarily in the Consumer & Leisure, Industrials & Energy Transition, TMT, Business Services, and Healthcare sectors. The firm charges management fees on committed capital and earns carried interest from successful portfolio company exits.

Product overview

Trilantic Europe operates as a mid-market, pan-European private equity firm with approximately €2.3-2.6bn under management. The firm provides investment management and value-creation services to portfolio companies across five core sectors: Consumer & Leisure, Industrials & Energy Transition, TMT, Business Services, and Healthcare. The firm offers investment through multiple funds including Trilantic Europe VI (€925m) and the Energy Transition Investments (ETI) fund. Portfolio companies include industrial manufacturers (Talgo, Prettl SWH), renewable energy providers (Gransolar, Aerocompact, Axicom), consumer brands (Passione Beauty, Sklum, Alete Bikes), healthcare operators (Smile Eyes Group, Doppel/DMX), and business services companies (Diagram). The firm also maintains a network of operating partners and senior advisors providing sector expertise.

Differentiator

Problem solved

Functional benefit

Brands

• Trilantic Europe Energy Transition Investments (ETI) Fund: A dedicated fund focused on energy transition investments, including components, technology and services for clean power, sustainable energy, transport and building sectors.

Products and services

• Trilantic Europe Mid-Market Private Equity Funds

Quantifiable outcome

• Gamenet EBITDA grew 10+ fold from €14mn in 2010 to €158mn (33% CAGR)
• +6 more outcomes

Named customers10 records

Segments9 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Axicom ManagementcoreStrategic or Co-development Partner · 6 February 2025Under RCP's tenure, Axicom management team developed the company into a stand-alone operation, strengthened technology leadership for high-voltage solutions, and increased revenues by almost 50%. Management continues under Trilantic Europe ownership.
• Ulrich Radlmayr (RCP Managing Partner)minorStrategic or Co-development Partner · 6 February 2025RCP Managing Partner commented on Axicom transaction noting successful development of company into stand-alone operation and technology leadership during RCP ownership.
• TE Connectivity Ltd.minorStrategic or Co-development PartnerOriginal parent company of Axicom before carve-out sale to RCP in January 2021. Axicom subsequently developed as stand-alone company under RCP ownership.
• Trilantic Advisory Council MemberscoreStrategic or Co-development PartnerAdvisory Council members provide proprietary deal sourcing support, industry expertise, and strategic guidance. Notable members include David Williams (former Heinz EMEA CEO) who helped source MW Brands transaction.

Scale indicators22 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Cinven: London-based European private equity firm focused on mid- to upper-mid-market buyouts in Western Europe. Comparable on sector breadth (Consumer, Industrials, Healthcare, TMT, Business Services) and pan-European execution.
• Bridgepoint: Pan-European mid-market private equity firm investing across similar sectors (Consumer, Services, Industrials) with comparable fund size and buyout/buy-and-build strategy. Highly comparable on geographic footprint, deal size, and value creation approach.
• PAI Partners: Paris-headquartered pan-European private equity firm with a mid- to upper-mid-market buyout focus across consumer, business services, and industrials. Comparable on mid-market buyout strategy and sector breadth, though typically larger fund vintages.
• Astorg: Paris-based European private equity firm focused on mid-market buyouts in business services, healthcare, and technology-enabled companies. Comparable on mid-market size band, sector mix, and pan-European footprint.
• Charterhouse Capital Partners: London-based pan-European mid-market private equity firm with a comparable focus on management-led buyouts, family/founder-owned businesses, and corporate carve-outs in Western Europe. Closest comparable by mandate, fund size, and target deal range.
• IK Partners: European mid-market private equity firm (formerly IK Investment Partners) investing across Northern and Western Europe in mid-market buyouts. Comparable on deal size, sector diversification, and buy-and-build orientation.
• LDC (Lloyds Development Capital): UK-focused mid-market private equity firm backed by Lloyds Banking Group, investing in management buyouts, buy-and-build, and minority transactions. Comparable on mid-market focus and family/management-led deal sourcing in the UK.
• Equistone Partners Europe: Pan-European mid-market private equity firm headquartered in London, with a long track record of mid-market buyouts and buy-and-build across the UK, DACH, France, and the Nordics. Highly comparable on mandate and regional footprint.
• Stirling Square Capital Partners: London-headquartered pan-European mid-market private equity firm focused on corporate carve-outs and complex mid-market buyouts across Western Europe. Closely comparable on carve-out sourcing and mid-market deal-making.

Broad incumbents

• BC Partners: Established European private equity firm with a broader mid- to large-cap mandate across consumer, TMT, healthcare, and industrials. Comparable on sector breadth and European footprint, but typically larger deal sizes than Trilantic's mid-market focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/trilantic-europe

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trilantic Europe