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Bird & Bird advises STG Braunsberg on sale to DBAG

9. Octo­ber 2019

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.

Back­ground
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).

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