Frank\u00adfurt am Main \u2014 Deut\u00adsche Betei\u00adli\u00adgungs AG (DBAG) successfully comple\u00adtes its invest\u00adment in the tele\u00adcom\u00admu\u00adni\u00adca\u00adti\u00adons and soft\u00adware company Telio. Its shares in the company will be sold to Char\u00adter\u00adhouse Capi\u00adtal Part\u00adners LLP, a finan\u00adcial inves\u00adtor based in the United King\u00addom. The shares of DBAG Fund VI, which was advi\u00adsed by DBAG, and the Telio manage\u00adment will also be sold. Corre\u00adspon\u00adding contracts were signed last week; their execu\u00adtion is still subject to regu\u00adla\u00adtory appr\u00adovals. The tran\u00adsac\u00adtion is expec\u00adted to close within the next four months.<\/p>\n
DBAG is now reali\u00adzing proceeds from the sale, which roughly corre\u00adspond to the valua\u00adtion of the invest\u00adment in DBAG\u2019s most recent IFRS inte\u00adrim finan\u00adcial state\u00adments (March 31, 2021). Ther\u00ade\u00adfore, the tran\u00adsac\u00adtion will not add any further value in the current quar\u00adter. Howe\u00adver, addi\u00adtio\u00adnal value contri\u00adbu\u00adti\u00adons may arise from the future deve\u00adlo\u00adp\u00adment of the company via a re-invest\u00adment: DBAG and DBAG Fund VI will invest part of the proceeds from the sale and will hold around 13 percent (of which DBAG will hold around 2.5 percen\u00adtage points) of Telio shares in the future.<\/p>\n
Further dispo\u00adsal of the DBAG Fund VI portfolio<\/strong> Telio (www.tel.io, Hamburg) deve\u00adlops, installs and opera\u00adtes commu\u00adni\u00adca\u00adtion and media systems for the correc\u00adtional system, thus making a signi\u00adfi\u00adcant contri\u00adbu\u00adtion to the reso\u00adcia\u00adliza\u00adtion of prisoners. Telio installs tele\u00adpho\u00adnes and asso\u00adcia\u00adted systems in prisons that allow inma\u00adtes to make control\u00adled calls \u2014 from the cell wing or directly from their detention room. The range of services includes other means of commu\u00adni\u00adca\u00adtion: tele\u00advi\u00adsi\u00adons, DVD play\u00aders, radios and compu\u00adters with limi\u00adted Inter\u00adnet access. The basis for commer\u00adcial success is initi\u00adally invest\u00adment in appro\u00adpriate instal\u00adla\u00adti\u00adons (cables, termi\u00adnal equip\u00adment) and soft\u00adware deve\u00adlo\u00adped in-house for moni\u00adto\u00adring and billing usage. The soft\u00adware takes over part of the work of the correc\u00adtional offi\u00adcers and thus faci\u00adli\u00adta\u00adtes their daily prison routine. Telio also plans to tran\u00adsi\u00adtion to Inter\u00adnet-based services and telephony.<\/p>\n Corpo\u00adrate acqui\u00adsi\u00adti\u00adons to acce\u00adle\u00adrate transformation<\/strong> \u201cTelio has under\u00adgone a major trans\u00adfor\u00adma\u00adtion and once again impro\u00adved its market posi\u00adtion,\u201d DBAG board member Tom Alzin said today; \u201cdemons\u00adt\u00adra\u00adting once again that corpo\u00adrate acqui\u00adsi\u00adti\u00adons can decisi\u00advely acce\u00adle\u00adrate a company\u2019s deve\u00adlo\u00adp\u00adment \u2014 and in this case, its repo\u00adsi\u00adtio\u00adning.\u201d And, \u201cIn no small part, heavy invest\u00adment in Inter\u00adnet-based commu\u00adni\u00adca\u00adti\u00adons has made it possi\u00adble for many inma\u00adtes to main\u00adtain cont\u00adact with their loved ones via phone and video in recent months, despite pande\u00admic-rela\u00adted visi\u00adtor bans.\u201d<\/p>\n Alan\u00adtra<\/strong> advi\u00adsed<\/strong>Char\u00adter\u00adhouse Capi\u00adtal Part\u00adners<\/strong> on an invest\u00adment in Telio Manage\u00adment GmbH. Alan\u00adtra is a global alter\u00adna\u00adtive asset manage\u00adment, invest\u00adment banking and credit port\u00adfo\u00adlio advi\u00adsory firm focu\u00adsed on provi\u00adding services to busi\u00adnesses, fami\u00adlies and inves\u00adtors opera\u00adting in the middle market segment. The Group has more than 540 profes\u00adsio\u00adnals in Europe, the USA, Latin America and Asia.<\/p>\n About Char\u00adter\u00adhouse<\/strong><\/p>\n Char\u00adter\u00adhouse is one of the longest estab\u00adlished private equity firms in Europe. The company combi\u00adnes exper\u00adtise and capi\u00adtal, working with ambi\u00adtious foun\u00adders and manage\u00adment teams to drive trans\u00adfor\u00adma\u00adtive change. Char\u00adter\u00adhouse takes a selec\u00adtive, convic\u00adtion-based approach and invests in high-quality middle-market Euro\u00adpean compa\u00adnies in the services, health\u00adcare, specia\u00adli\u00adzed indus\u00adtri\u00adals and consu\u00admer sectors. The focus is on tran\u00adsac\u00adtions with an enter\u00adprise value of between \u20ac200 million and \u20ac1.5 billion.<\/p>\n About Deut\u00adsche Betei\u00adli\u00adgungs AG Frank\u00adfurt am Main \u2014 Deut\u00adsche Betei\u00adli\u00adgungs AG (DBAG) successfully comple\u00adtes its invest\u00adment in the tele\u00adcom\u00admu\u00adni\u00adca\u00adti\u00adons and soft\u00adware company Telio. Its shares in the company will be sold to Char\u00adter\u00adhouse Capi\u00adtal Part\u00adners LLP, a finan\u00adcial inves\u00adtor based in the United King\u00addom. The shares of DBAG Fund VI, which was advi\u00adsed by DBAG, and the Telio management [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":37512,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1369,1371],"tags":[],"class_list":["post-43517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-investors","category-deals-en"],"yoast_head":"\n
\nThe sale of the invest\u00adment in Telio is the fifth comple\u00adtion of a manage\u00adment buy-out (MBO) from the DBAG Fund VI port\u00adfo\u00adlio. A further share\u00adhol\u00adding (Pfaud\u00adler Group) was mainly sold last year. The fund had struc\u00adtu\u00adred eleven MBOs between 2013 and 2016. With DBAG Fund VI, DBAG had begun to invest incre\u00adasingly outside tradi\u00adtio\u00adnal indus\u00adtrial sectors; Telio is one of the MBOs from new growth sectors.<\/p>\n
\nDBAG and DBAG Fund VI had inves\u00adted in Telio in April 2016 in the course of an MBO and curr\u00adently hold 83 percent of the shares, of which DBAG holds 15.3 percen\u00adtage points. Since then, Telio has become a global leader in inmate commu\u00adni\u00adca\u00adti\u00adons and the tech\u00adno\u00adlogy and infra\u00adstruc\u00adture needed to support it. Sales have more than tripled; in 2020, they amoun\u00adted to around 83 million euros. In addi\u00adtion to orga\u00adnic growth, company acqui\u00adsi\u00adti\u00adons also contri\u00adbu\u00adted to the growth rate of more than 22 percent per year on average; DBAG and DBAG Fund VI had twice provi\u00added addi\u00adtio\u00adnal funds for this purpose. Telio has ente\u00adred new regio\u00adnal markets and signi\u00adfi\u00adcantly expan\u00added its product offe\u00adring, for exam\u00adple with tech\u00adno\u00adlogy that detects and stops the ille\u00adgal use of cell phones in prisons. Telio is incre\u00adasingly focu\u00adsing on digi\u00adtal solu\u00adti\u00adons, for exam\u00adple in the areas of video tele\u00adphony and e\u2011learning. Telio is now repre\u00adsen\u00adted in 700 faci\u00adli\u00adties in 21 count\u00adries world\u00adwide; 80 percent of sales are gene\u00adra\u00adted in Europe, nine percent of which are in Germany. Since the begin\u00adning of the invest\u00adment, the number of employees has increased to 218.
\nmore than doubled.<\/p>\n
\n<\/strong>
\nDeut\u00adsche Betei\u00adli\u00adgungs AG, a listed company, initia\u00adtes closed-end private equity funds and invests \u2014 predo\u00admi\u00adnantly along\u00adside DBAG funds \u2014 in well-posi\u00adtio\u00adned medium-sized compa\u00adnies with poten\u00adtial. One focus for many years has been indus\u00adtry. An incre\u00adasing propor\u00adtion of equity invest\u00adments are in compa\u00adnies in the growth sectors of broad\u00adband tele\u00adcom\u00admu\u00adni\u00adca\u00adti\u00adons, IT services\/software and health\u00adcare. The long-term, value-enhan\u00adcing entre\u00adpre\u00adneu\u00adrial invest\u00adment approach makes DBAG a sought-after invest\u00adment part\u00adner in the German-spea\u00adking region. Assets mana\u00adged or advi\u00adsed by the DBAG Group amount to \u20ac2.5 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"