Bird & Bird advises STG Braunsberg on sale to DBAG
Frankfurt - Bird & Bird LLP has advised STG Braunsberg Group (STG) on its sale of shares to DBAG Expansion Capital Fund (DBAG ECF).
The parties have agreed not to disclose the purchase price.
STG is a service provider in the telecommunications industry. The range of activities includes fiber optic construction, operation, upgrading and subsequent maintenance of fiber optic networks. Customers include municipal utilities, local authorities and network operators. In addition, STG maintains the telecommunications network infrastructures within the buildings for real estate companies, on which its own as well as Internet and television products are also offered by third parties.
As part of a management buyout, DBAG ECF will acquire the majority of shares in STG from the previous owners Günter and Hermann Braunsberg. They will continue to hold a stake in the company and be part of the management of the STG Group. DBAG will support the STG Group in realizing its growth potential by providing the necessary capital and its many years of experience in the expansion of fiber optic networks.
Advisors to STG Braunsberg Group: Bird & Bird
Partner Dr. Hans Peter Leube, LL.M. and associates Michael Maier (both Frankfurt) and Laura Müller (Düsseldorf), all Corporate / M&A.
Dr. Hans Peter Leube has been and continues to be on the side of funds advised or managed by DBAG in several transactions and refinancings (most recently in the acquisition of shares in the software company FLS GmbH or most recently in the closing of the investment in inexio, a provider of fiber-optic-based high-speed Internet connections). The fact that he once again negotiated on the seller side (most recently for the BTV Group) is due in particular to his proven expertise in the fiber optics sector, not least through his operational in-house time at TeleColumbus and PrimaCom, and shows that our corporate/M&A practice with its know-how is extremely well accepted by sellers as well as private equity investors in the telecommunications sector (broadband infrastructures).