Triton Fund V L.P., managed by Triton made an offer to acquire 24% stake in Renk Aktiengesellschaft (DB:ZAR) on January 30, 2020. The consideration will be payable in cash and the amount of the offer price will be determined in accordance with German takeover law and published in the offer document. As on March 10, 2020, Triton will acquire the outstanding shares of Renk Aktiengesellschaft at an offer price of €106.20. In a related transaction, Triton Fund V L.P., managed by Triton signed a share purchase agreement to acquire 76% stake in Renk from Volkswagen Automobile Stuttgart GmbH for approximately €510 million on January 30, 2020. In addition, Triton Fund V L.P., managed by Triton and Renk entered into an investment agreement which specifies certain terms and conditions of the investment in Renk, including commitments regarding the continuity of its workforce and its German sites until the end of 2026. The consummation of the tender offer will be subject to certain customary offer conditions, which will in particular include receipt of merger control and other regulatory clearances. The acceptance period will expire on May 19, 2020. Rainer Traugott, Dirk Kocher, Andreas Lönner, Stefan Süß, Anne Kleffmann, Alexandra Hagelüken, Jana Dammann and Joachim Grittmann of Latham & Watkins acted as the legal advisors to Triton. Triton Fund V L.P., managed by Triton completed the acquisition of 14.2% stake in Renk Aktiengesellschaft (DB:ZAR) for approximately €100 million on October 6, 2020.