Bird & Bird advises BTV Group on sale of shares to DBAG

Cate­gory: Private Equity
10. July 2018

Frank­furt am Main — Bird & Bird LLP has advi­sed the BTV Group on the sale of a majo­rity stake in the opera­ting busi­ness of BTV braun tele­Com AG (BTV) to Deut­sche Betei­li­gungs AG (DBAG). BTV is a group of trading and service compa­nies that deve­lop, produce and distri­bute compon­ents for the cons­truc­tion of cable and fiber optic networks.

In the course of a manage­ment buyout, DBAG ECF, a fund advi­sed by DBAG, will acquire the majo­rity of shares in four opera­ting compa­nies of the BTV Group. These will be sold as part of a succes­sion plan by the company foun­der and share­hol­der of BTV, Thomas Braun, who will conti­nue to be respon­si­ble for the manage­ment of the companies.

The closing of the purchase agree­ment is sche­du­led for July 2018. The rele­vant anti­trust autho­ri­ties still have to approve the tran­sac­tion. The parties have agreed not to disc­lose the purchase price.

BTV braun tele­Com AG was advi­sed by the follo­wing Bird & Bird lawy­ers: Part­ner Dr. Hans Peter Leube, Lead (Corporate/M&A, Frank­furt), Asso­cia­tes Mari­anne Nawroth (Corporate/M&A, Frank­furt), Laura Müller (Corporate/M&A, Düssel­dorf), Chyn­gyz Timur (Corporate/M&A, Frank­furt), Part­ner Dr. Barbara Geck and Asso­ciate Daniela Gudat (both Labor Law, Frankfurt).

DBAG was advi­sed by Holger Ebers­ber­ger (Ashurst).


Dr. Hans Peter Leube was previously on the side of DBAG in seve­ral tran­sac­tions and refi­nan­cings (most recently in the acqui­si­tion of the vitro­net Group and the Netz­­kon­­­tor-Nord Group). The fact that he now nego­tia­ted on the seller’s side is due in parti­cu­lar to his exper­tise from his opera­tio­nal in-house time at Tele­co­lum­bus. This tran­sac­tion is another “proof-point” for Bird & Bird’s sector focus stra­tegy and our corpo­rate team’s strong exper­tise in Tech & Comms / Fiber Optics.

About Bird & Bird
Bird & Bird is an inter­na­tio­nal law firm that advi­ses in parti­cu­lar compa­nies and insti­tu­ti­ons that are shaping and being chan­ged by new tech­no­lo­gies and digi­ta­liza­tion. We combine world-class legal exper­tise with deep indus­try know­ledge and a refres­hin­gly crea­tive mind­set to help clients achieve their busi­ness goals. We have over 1,200 lawy­ers in 28 offices in Europe, the Middle East and Asia Paci­fic and main­tain close rela­ti­onships with law firms in other parts of the world.

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