MBO: Deutsche Beteiligungs AG acquires BTV braun teleCom
Hanover / Munich — Deutsche Beteiligungs AG (DBAG) has acquired a stake in the operating business of BTV braun teleCom AG (BTV), a well-known equipment and service provider in broadband communications. As part of a management buy-out (MBO), the DBAG ECF fund advised by Deutsche Beteiligungs AG 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.
DBAG co-invests up to 4.8 million euros; in future, it will account for around 38 percent of the shares in the companies. Further shares in addition to the DBAG ECF (a total of 93 percent) will be held by the companies’ management. 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.
Deutsche Beteiligungs AG (DBAG) has acquired four operating companies of BTV braun teleCom AG (BTV braun). P+P advised the management of BTV braun on the transaction. The BTV braun group is a full-service provider in the field of broadband communications. The companies of the Group develop, produce and distribute components for the construction of cable and fiber optic networks.
BTV braun, which is headquartered in Hanover and has branches in Hamburg, Wismar, the Netherlands and Taiwan, generated sales of around 30 million euros in 2017. Deutsche Beteiligungs AG is a financial investor specializing in growth-oriented medium-sized companies. DBAG is primarily active in Germany and has an international network. DBAG intends to continue the organic growth of the BTV braun companies and broaden its range of products and services.
BTV is the fifth company in broadband communications in which DBAG has invested since 2013. In addition, there were seven corporate acquisitions of these shareholdings. “The market for these companies is driven by increasing end-customer demand for faster Internet connections, which require existing networks to be upgraded or newly built,” says Torsten Grede, spokesman for DBAG’s Management Board, describing the attractive market environment for this investment. This also includes the trend toward high-performance fiber-optic connections right into the home.
Advisors to BTV braun teleCom: P+P Pöllath + Partners
P+P partner Dr. Barbara Koch-Schulte (photo) provided legal and tax advice to the management of BTV braun in connection with the transaction.