Some investors are urging Swiss private equity firm Zurmont Madison to consider selling its remaining portfolio companies to Triton Partners as frustration builds over Zurmont Madison’s protracted attempt to secure a fund restructuring.

The firm, which is attempting to sell its three remaining companies from its 250 million Swiss francs ($254 million) debut vehicle before the end of its fund life in May 2017, received an offer of Sfr281 million from Swedish private equity firm Triton on April 20 which was repeated on July 5, according to a letter seen by Private Equity News, FN's sister title.