Gleiss Lutz has advised the German-Scandinavian private equity house Triton on the financing of its acquisition of univativ, a leading German provider of specialised personnel services. The financing is made available by means of a unitranche provided by Pemberton European Mid-Market Debt Fund. The parties have agreed not to disclose the purchase price or the amount of the loan. The transaction is subject to the approval of the responsible antitrust authorities in the relevant jurisdictions.
The univativ group consists of two core brands: univativ and provativ. univativ is a personnel service provider that specialises in the placement of young professionals in companies. With its 14 branch offices throughout Germany, a site in Switzerland and a total of more than 1,200 employees, univativ maintains personal contact with companies and 7,000 students and graduates at around 60 renowned universities. provativ is a personnel service provider that specialises in the placement of experienced, freelance experts in projects. Just like univativ, provativ is a subsidiary of the univativ group and has two branch offices in Germany.
The following Gleiss Lutz team is advising Triton on this financing: Frank Schlobach (lead, partner, banking and finance, Frankfurt), Dr. Jan-Alexander Lange (banking and finance, Frankfurt).
Gleiss Lutz regularly advises Triton in connection with leveraged buyouts on the financing side. The univativ financing represents the first retainer from Triton’s newly set-up small and midcap fund.
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