The European Commission last week gave notice of its decision that it would not oppose the proposed acquisition of Spanish fertilizer company Fertiberia Group SA by Triton Fund V, an investment firm belonging to Channel Islands-domiciled private equity investment group Triton.
Triton reported in August that funds advised by the group had signed an agreement to acquire Fertiberia Group, from Grupo Villar Mir, a privately-owned Spanish conglomerate (GM Aug. 23, p. 24). The private equity investment group has not disclosed the value or terms of the proposed transaction.
Fertiberia produces a range of nitrogen fertilizers, notably ammonium nitrate and urea, as well as nitrogenized solutions, NPKs, and Ad-Blue. It operates 10 fertilizer plants in Spain with a total of around 4 million mt/y capacity, three in Portugal via its ADP Fertilizantes subsidiary with aggregate capacity of 1.37 million mt/y, and a 120,000 mt/y blending plant in France.
The Spanish group also owns a 49 percent stake in Algeria’s Fertial SPA, with production capacity of some 2.34 million mt/y.
Triton Fund V is an investment firm dedicated to investing primarily in medium-sized businesses headquartered in Northern Europe, with particular focus on businesses in three cope sectors – Business Services, Industrials, and Consumer/Health.