ALTERNATIVE FINANCING FORMS
FOR ENTREPRENEURS AND INVESTORS
News
Photo:

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

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).

End

Back­ground:
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.

Subscribe newsletter

Here you can read about the latest transactions, IPOs, private equity deals and venture capital investments, who has raised a new fund, how Buy & Build activities are going.

Get in touch

Contact us!
fyb [at] fyb.de