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MCF acted as exclusive Debt Advisor to Triton on the refinancing of bluu unit GmbH

bluu unit GmbH (“bluu unit”), a portfolio company of funds advised by Triton and leading German HAVCR alliance offering environmentally friendly commercial scale refrigeration systems, climate technologies and heat pumps, has successfully refinanced its existing liabilities and secured additional acquisition facilities to support its impressive buy-and-build strategy. In this transaction, MCF advised Triton and bluu unit on the successful arrangement and structuring of the refinancing, revolving and acquisition facilities.

The Deal

Since the acquisition of bluu unit by Triton in 2022, bluu unit has grown to the leading HAVCR alliance in Germany on the back of an impressive buy-and-build track record, having successfully closed 6 add-on acquisitions in the last two years. The newly implemented financing structure enables the alliance a superior operative flexibility while providing significant resources that will support and facilitate the inorganic growth of the alliance going forward.

About bluu unit

Based on the integration of several local HVACR champions (“bluu unit”) throughout Germany, the platform (“bluu unit”) was formed in 2023. Since then, the group has grown into the leading HAVCR alliance with supra-regional reach offering environmentally friendly commercial scale refrigeration systems, climate technologies and heat pumps to a large customer base from various industries. As a full-service provider, bluu unit and its more than 300 employees cover the entire value chain, offering consultancy, engineering, planning, and installation work as well as maintenance and further services of tailor-made systems.

About Triton

Founded in 1997 and owned by its partners, Triton is a leading European mid-market sector-specialist investor. Triton focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare. Triton has over 200 investment professionals across 11 offices and invests through three complementary strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.

MCF deal team

Associate – Debt Advisory
Analyst – Debt Advisory
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