UNICA acquired by TRITON PARTNERS

Triton Fund IV completed the sale of Unica to a newly-formed vehicle, Triton IV Continuation Fund, which closed at €1.63 billion following a competitive auction process. The transaction was announced in May 2023 and valued Unica at an enterprise value of . The company generated revenue of and an EBITDA of , corresponding to an EBITDA margin of . The sale provided Triton IV investors with a return of 3.7x on the combined invested capital, or the option to roll into the new vehicle to participate in Unica's future growth. The transaction further realised Triton IV to a 1x DPI, with capital to invest in the remaining portfolio companies. Triton IV Continuation Fund was underwritten by HarbourVest Partners and LGT Capital Partners as lead investors, supported by anchor commitments from Eurazeo and Pantheon as co-underwriters, alongside other institutional investors, Unica's management team, and Triton's executives that committed significant new capital in alignment with both new and rolling Triton IV investors. A portion of the new commitments was available to Triton IV Continuation Fund as follow-on capital to support continued growth. Peder Prahl, Managing Partner and CEO of Triton, said the firm had fixed the problems the businesses faced and expanded all four significantly, and that it looked forward to continuing its work and creating further value at the four continuation fund companies. Triton was advised by Evercore and Kirkland & Ellis on the creation and closing of Triton IV Continuation Fund.

It is worth noting that the fund Triton Partners took control of Unica through an LBO in 2017.