Trill Impact
Trill Impact describes itself as a European private markets firm with EUR 1.4 billion in assets under management. Its strategies include Buyout, Ventures and Microfinance, organized around Sustainable Planet, Healthy People and Resilient Society themes.
What stands out about Trill Impact
For owners evaluating Trill Impact, the documented Buyout strategy targets established and well-managed mid-market businesses primarily in Northern Europe, with control or co-control investments and an emphasis on companies addressing environmental or societal challenges.[1][2][3][4][5][7]
What does Trill Impact invest in?
Trill Impact describes itself as a European private markets firm with EUR 1.4 billion in assets under management. It invests in companies associated with Sustainable Planet, Resilient Society and Healthy People themes.
The firm publicly describes three investment strategies: Buyout, Ventures and Microfinance. Its official annual review identifies Trill Impact as a private-markets investor and states that it became a signatory to the Principles for Responsible Investment and the Operating Principles for Impact Management.[1][2][4]
The Buyout strategy focuses on established and well-managed mid-market businesses, primarily in Northern Europe, that address environmental and societal challenges through their products or services. It focuses on control or co-control investments in established mid-sized companies, with value creation focused on organic growth and often buy-and-build.
Trill Impact also describes Ventures and Microfinance as investment strategies alongside Buyout.[2][3][4]
Owners evaluating a financial buyer can compare the offer with independent valuation analysis, understand how acquirers approach transactions through Auxo’s buy-side M&A process guide, and consider whether a full or partial sale best fits their objectives.
What should a business owner evaluate before considering a transaction with Trill Impact?
An owner evaluating Trill Impact can clarify whether the business meets the Buyout strategy’s stated profile of an established, well-managed mid-market company addressing environmental or societal challenges. The owner can also ask how the firm’s Sustainable Planet, Healthy People and Resilient Society framework would apply to the company and what commercial, impact and value-creation objectives would be considered.
The documented Buyout model includes control or co-control investments and often buy-and-build, so ownership structure and the role of organic growth or buy-and-build should be clarified for the specific opportunity. The sources cited for this profile do not establish separate platform-versus-add-on criteria.[2][3][4]
How would Trill Impact assess the company's environmental or societal impact and the relevant impact themes
What companies does Trill Impact target?
The Buyout strategy targets established and well-managed mid-market businesses, primarily in Northern Europe, that address environmental and societal challenges through their products or services. It also seeks to support portfolio-company management in reaching commercial, impact and value-creation potential.[3]
Trill Impact organizes its investment approach around Sustainable Planet, Healthy People and Resilient Society. Its stated focus areas include resource efficiency and circularity, clean and efficient energy, sustainable food and ecosystems, health and wellbeing, lifelong learning, and inclusion and equality. The firm describes this framework as sector-agnostic.[2]
Trill Impact’s Buyout strategy is primarily focused on Northern Europe. Its Ventures strategy focuses on Western Europe, while its Microfinance strategy targets emerging markets including Latin America, Africa and Asia.[4]
The Buyout strategy describes value creation focused on organic growth and often buy-and-build. The sources cited for this profile do not establish separate platform-versus-add-on criteria.[4]
Trill Impact’s official portfolio page identifies Buyout holdings including Nordomatic, Infrakraft, Komet, Renewtech, TT Medic and Primutec.[5]
Trill Impact Buyout acquired a majority stake in Primutec Solutions Group in 2025 to support growth in building-envelope services in the Netherlands and Germany.
On December 10, 2025, Trill Impact announced that it had acquired a majority stake in Noova Energy Systems, a Norwegian technology-enabled energy supplier serving small and medium-sized enterprises.
TT Medic entered a partnership with Trill Impact in April 2024, described as the first investment in Trill Impact’s second Buyout Fund. Trill Impact Ventures co-led a USD 25 million Series B financing for May Health in May 2024 and led a EUR 15 million Series B investment in Soil Capital in September 2024.[4][6][7]
What is not clear from Trill Impact's public investment criteria?
The official Noova Energy Systems transaction announcement identifies a majority-stake investment but does not disclose the purchase price, enterprise value, financing terms or precise percentage acquired.
The official portfolio page identifies current portfolio companies and provides business descriptions, but does not state entry valuation, consideration or acquisition-date information for each listed company.[5][7]
Questions to ask when evaluating Trill Impact as a buyer or investment partner
Which Trill Impact strategy and fund would evaluate the opportunity?
Would the contemplated transaction be structured as a control, co-control or another form of investment?
How would Trill Impact assess the company's environmental or societal impact and the relevant impact themes?
What commercial, impact and value-creation objectives would be expected for the company?
How would organic growth and any buy-and-build approach apply to this opportunity?
What transaction consideration, valuation and financing information would be available for the proposed transaction?
Sources & research notes
- Official website / firm overview
- Services / capabilities
- Investment strategy
- Investment approach
- Transaction / portfolio evidence
- Transaction / portfolio evidence
- Transaction / portfolio evidence
How this profile was researched
Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.
Independent research profile
This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.
Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.
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