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Triton drops consumer focus after padel bet flops

European buyout house’s consumer team is being ‘re-deployed where possible’

By

Sebastian McCarthy

and

James Booth
Demand for padel soared in the pandemic but high costs and fierce competition have hit the fast-growing sport
Demand for padel soared in the pandemic but high costs and fierce competition have hit the fast-growing sport Photo: Getty Images

Private equity firm Triton has dropped its focus on consumer investments after one of its biggest bets on the sector went awry.

A person close to Triton told Financial News’s sister publication Private Equity News that the consumer team “will be re-deployed where possible”, including the two consumer co-heads, Per Agebäck and Ruth Linz.

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