Madrid\/ Munich \u2014 Tele\u00adf\u00f3\u00adnica Tech has acqui\u00adred BE-terna, a leading Euro\u00adpean provi\u00adder of Micro\u00adsoft cloud solu\u00adti\u00adons for cloud-based indus\u00adtrial appli\u00adca\u00adti\u00adons, for up to \u20ac350 million (inclu\u00adding poten\u00adtial profit sharing). The acqui\u00adsi\u00adtion posi\u00adti\u00adons Tele\u00adf\u00f3\u00adnica Tech as one of the leading Euro\u00adpean provi\u00adders of Micro\u00adsoft solu\u00adti\u00adons and secu\u00adres its presence in Germany, Austria, Switz\u00ader\u00adland, the Adria\u00adtic and Scan\u00addi\u00adna\u00advia. \u2014 G\u00fctt Olk Feld\u00adhaus advi\u00adsed DPE Deut\u00adsche Private Equity and other co-inves\u00adtors on the sale of BE-terna Group to Tele\u00adf\u00f3\u00adnica Tech. The closing of the tran\u00adsac\u00adtion is subject to anti\u00adtrust clearance.<\/p>\n
Tele\u00adf\u00f3\u00adnica Tech will acquire 100 percent of the shares of BE-terna Group from Deut\u00adsche Private Equity and other mino\u00adrity share\u00adhol\u00adders. The tran\u00adsac\u00adtion is subject to a valua\u00adtion of BE-terna at 13.7 times gross opera\u00adting income (EV\/OIBDA), taking into account syner\u00adgies and expec\u00adted 2022 results. BE-terna gene\u00adra\u00adted pro forma sales of \u20ac121 million in 2021, show\u00ading a year-on-year growth rate of 30 percent. The tran\u00adsac\u00adtion will be comple\u00adted in the coming weeks follo\u00adwing clearance by the German compe\u00adti\u00adtion authorities.<\/p>\n
BE-terna was foun\u00added in 2005 and has a highly quali\u00adfied team of more than 1,000 employees at 28 loca\u00adti\u00adons, inclu\u00adding Germany, Austria, Switz\u00ader\u00adland, the Adria\u00adtic and Scan\u00addi\u00adna\u00advia. As one of the five largest cloud Micro\u00adsoft Dyna\u00admics part\u00adners in Europe, BE-terna specia\u00adli\u00adzes in driving digi\u00adtal trans\u00adfor\u00adma\u00adtion prima\u00adrily based on Micro\u00adsoft solu\u00adti\u00adons, but also works with Infor, UI Path and Qlik to opti\u00admize busi\u00adness proces\u00adses for diffe\u00adrent industries.<\/p>\n
The acqui\u00adsi\u00adtion expands Tele\u00adf\u00f3\u00adnica Tech\u2019s geogra\u00adphic reach and profes\u00adsio\u00adnal and mana\u00adged services capa\u00adbi\u00adli\u00adties across Europe and under\u00adlines its ambi\u00adtion to become a leading provi\u00adder of tech\u00adni\u00adcal services in Europe. The acqui\u00adsi\u00adtion of BE-terna once again demons\u00adtra\u00adtes Tele\u00adf\u00f3\u00adnica Tech\u2019s growth story, with reve\u00adnues approa\u00adching the 1 billion euro mark at the end of 2021 and growing by 33.6 percent year-on-year.<\/p>\n
Advi\u00adsor to Tele\u00adf\u00f3\u00adnica Tech: Clif\u00adford Chance<\/strong> Inhouse at Tele\u00adf\u00f3\u00adnica, Diego Colchero Paetz (Gene\u00adral Coun\u00adsel Tele\u00adf\u00f3\u00adnica Tech) and Miguel Basterra Marti\u00adnez de San Vicente (Direc\u00adtor Legal M&A Tele\u00adf\u00f3\u00adnica) led the tran\u00adsac\u00adtion team.<\/p>\n Legal advi\u00adsors to DPE Deut\u00adsche Private Equity: G\u00fctt Olk Feld\u00adhaus, Munich<\/strong> About G\u00fctt Olk Feldhaus<\/strong><\/p>\n G\u00fctt Olk Feld\u00adhaus is a leading inter\u00adna\u00adtio\u00adnal law firm based in Munich. We provide compre\u00adhen\u00adsive advice on commer\u00adcial and corpo\u00adrate law. Our focus is on corpo\u00adrate law, M&A, private equity and finan\u00adcing. In these specia\u00adlist areas we also take on the litigation.<\/p>\n About Clif\u00adford Chance<\/strong><\/p>\n Clif\u00adford Chance, one of the worl\u00add\u2019s leading law firms, is present for its clients with around 3,400 legal advi\u00adsors in all major busi\u00adness centers around the world. Madrid\/ Munich \u2014 Tele\u00adf\u00f3\u00adnica Tech has acqui\u00adred BE-terna, a leading Euro\u00adpean provi\u00adder of Micro\u00adsoft cloud solu\u00adti\u00adons for cloud-based indus\u00adtrial appli\u00adca\u00adti\u00adons, for up to \u20ac350 million (inclu\u00adding poten\u00adtial profit sharing). The acqui\u00adsi\u00adtion posi\u00adti\u00adons Tele\u00adf\u00f3\u00adnica Tech as one of the leading Euro\u00adpean provi\u00adders of Micro\u00adsoft solu\u00adti\u00adons and secu\u00adres its presence in Germany, Austria, Switz\u00ader\u00adland, the Adria\u00adtic and [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":39801,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1368,1371,1372],"tags":[],"class_list":["post-39923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-deals-en","category-consultant","news-category-deals-news-en"],"yoast_head":"\n
\nLead part\u00adner Stefan Bruder<\/strong>, photo \u00a9 Clif\u00adford Chance (Frank\u00adfurt) and Simon Schmid (D\u00fcssel\u00addorf, both Corporate\/M&A).<\/p>\n
\nDr. Kilian Helm\u00adreich (Part\u00adner, M&A\/Private Equity, Lead), Isabelle Vran\u00adcken (Senior Asso\u00adciate), Karl Ehren\u00adberg (Senior Asso\u00adciate), Dr. Domi\u00adnik Forst\u00adner (Asso\u00adciate, all Corporate\/M&A)<\/p>\n
\nIn Germany, Clif\u00adford Chance is repre\u00adsen\u00adted by around 300 lawy\u00aders, audi\u00adtors, tax advi\u00adsors and soli\u00adci\u00adtors in D\u00fcssel\u00addorf, Frank\u00adfurt am Main and Munich.<\/p>\n","protected":false},"excerpt":{"rendered":"