Key Takeaways
- • Triton Partners has agreed to sell high-voltage electrical equipment manufacturer Trench Group to GE Vernova for $9bn, according to AltAssets Private Equity News, one of the largest European private equity exits announced this year.
- • Triton acquired Trench through a corporate carve-out in 2024 and has since grown the business to annual revenue of more than €1bn.
- • Trench holds approximately $5bn in backlog, per the publisher summary.
- • A Trian-led group has made a $3.8bn take-private proposal for Wendy's, also covered in the same deal roundup.
Summary
Triton Partners has agreed to sell high-voltage electrical equipment manufacturer Trench Group to GE Vernova for $9bn, according to AltAssets Private Equity News. The transaction is described as one of the largest European private equity exits announced this year.
Triton acquired Trench through a corporate carve-out in 2024. Under its ownership, the business has grown annual revenue to more than €1bn and secured approximately $5bn in backlog, figures cited in the publisher summary. The sale gives GE Vernova exposure to high-voltage electrical equipment at a time of sustained demand for grid and power infrastructure.
The same AltAssets deal roundup also reports that a Trian-led group has made a $3.8bn take-private proposal for Wendy's. The full article was behind a subscription paywall, so further terms of the Wendy's proposal, including the offer price structure, financing and board response, could not be verified from the available text.
Additional detail on deal structure, closing conditions and regulatory approvals was not available in the accessible portion of the source.
Triton acquired Trench through a corporate carve-out in 2024. Under its ownership, the business has grown annual revenue to more than €1bn and secured approximately $5bn in backlog, figures cited in the publisher summary. The sale gives GE Vernova exposure to high-voltage electrical equipment at a time of sustained demand for grid and power infrastructure.
The same AltAssets deal roundup also reports that a Trian-led group has made a $3.8bn take-private proposal for Wendy's. The full article was behind a subscription paywall, so further terms of the Wendy's proposal, including the offer price structure, financing and board response, could not be verified from the available text.
Additional detail on deal structure, closing conditions and regulatory approvals was not available in the accessible portion of the source.
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