Triton takes control of European Directories

The turnaround specialist becomes the latest debt holder to take control of a private equity-backed company this year

Turnaround specialist Triton has taken a controlling stake in European Directories in the latest takeover of a private equity-backed company by a debt holder.

Triton has increased its ownership to 50.1% of the company's equity, according to a statement, after injecting €15m of new equity.

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