Noerr has advised DBAG Expansion Capital Fund, which is advised by Deutsche Beteiligungs AG (DBAG), on its investment in the operative business of BTV braun teleCom AG (BTV). BTV group is a well-known provider of equipment and services for broadband communication.
By way of a management buy-out, DBAG Expansion Capital Fund has acquired the majority shareholding in four operating companies of BTV group. Seller is the company founder and shareholder Thomas Braun, who has sold the shares as part of succession arrangements and will continue to be in charge of managing the company. The parties have agreed not to disclose the purchase price.
DBAG Expansion Capital Fund has already invested in five companies operating in the broadband communication sector since 2013. There have further been seven add-on acquisitions. Listed DBAG initiates closed-end private equity funds and invests, alongside DBAG funds, in well-positioned mid-market companies with growth potential. DBAG group manages and advises capital amounting to approximately EUR1.8 billion.
Florian Döring, Head of Legal, supervised the transaction at DBAG.
