CMS advised NORRES, a portfolio company of Triton, on its acquisition of the Baggerman Group

NORRES, a portfolio company of Triton Smaller Mid-Cap Fund I, acquired the Baggerman Group. The parties have agreed not to disclose the purchase price.

The Baggerman Group, headquartered in Roermond, Netherlands, is a specialist manufacturer of industrial hoses, couplings and related parts. The company has subsidiaries in Italy, Switzerland, Hungary and Romania.

NORRES is one of the market-leading manufacturers of industrial plastic hoses in Europe. It has production facilities in Germany, China, the US and Italy and distribution and warehouse locations in the Czech Republic, France, Poland, Sweden, Taiwan and the UK. The company, founded in 1889, employs approximately 300 people worldwide.

Since November 2018, NORRES Schlauchtechnik has been part of the portfolio of the Triton Smaller Mid-Cap Fund I advised by Triton, an investment firm that invests primarily in German-speaking countries, the Nordic countries, the Benelux region, France, Italy, Spain and the United Kingdom in the industry & technology, services, healthcare and consumer goods sectors.

A team of CMS Switzerland and CMS Italy, led by Dr Daniel Jenny, advised NORRES on all Swiss and Italian law aspects of the transaction. Mayer Brown, Frankfurt, acted as lead counsel to NORRES.

CMS Switzerland

• Dr Daniel Jenny, Partner, Corporate / M&A
• Dr Simone Brauchbar Birkhäuser, Counsel, IP
• Dr Ferdinand Blezinger, Associate, Corporate / M&A
• Katja Bertsche, Associate, Real Estate
• Marzia Schilleci, Associate, Employment

CMS Italy

• Daniela Murer, Partner, Corporate / M&A
• Elsa Mora, Counsel, Employment
• Alessandra Cuni, Associate, Corporate / M&A
• Nicoletta Catanzaro, Junior Associate, Corporate / M&A