DC Advisory Partners advised technology service provider telent on its sale to euromicron AG
Essential Information
Client
Telent
Date
June 2011
Deal value
€ Undisclosed
Advice Type
Adviser to the Company
Sector
Technology
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DC Advisory Partners advised telent GmbH (“telent”) on the sale of its operating business to euromicron AG (“euromicron”). The financial terms of the transaction were not disclosed.
telent is the largest independent German multi-vendor systems integration and network services provider for mission critical data and communication networks (Wide Area Networks), with a strong focus on the transport, public authorities, energy and telecommunication sectors. Along with the key “multi-service, multi-vendor, multi-technology” capability, telent has developed deep competencies across a range of technologies and products, demonstrated by accreditations and strong relationships with a number of leading equipment partners including Ericsson, Keymile, Cisco, and Motorola.
telent is headquartered in Backnang and generated revenues of over € 90m with 400 employees in the current financial year 2010/11. Since 2007 the Company has been owned by the London based asset management company Pension Corporation LLC.
Sascha Pfeiffer, Managing Director of DC Advisory Partners Germany, explained: “The disposal of telent to euromicron creates a leading German network service provider with attractive future growth opportunities. At the same time it enables Pension Corporation to focus on its core business, the management of pension plans.”
DC Advisory Partners managed a global competitive sales process involving a broad range of private equity and strategic investors which was successfully completed with the sale to euromicron.
DC Advisory Partners acted as sole financial advisor to telent.
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