Buyout of BFE Network & Services AG
BFE Network & Services AG (www.bfe-connect.de) is a service company related to telecommunication systems. The Company is active in the areas of data networks, broadband cables, electrical engineering, ground wires/ earth cabling, safety engineering and IT solutions. Customers include many medium-sized to large telecommunication companies, the high-tech industry, financial institutions, administrative departments, and public companies. BFE began its activities in 1972 and since 1998 is located in five German cities (Mainz, Zweibrücken, Berlin, Leipzig and Treis-Karden). The main markets are Germany as well as bordering Luxemburg, Belgium and France. As per end of 2007, BFE had around 200 employees.
The Company´s revenues and EBIT were growing strongly from 2006 to 2007 (revenues: +50%, EBIT: +170%) and further strong growth is envisaged throughout the next years.
TEKOMAG AG für Beteiligungen an Telekommunikationsunternehmen acted as lead investor acquiring a majority stake and Corporate Finance Partners CFP & Founders Investments GmbH & Co. KGaA as co-investor in this 100% buyout. The due diligence was executed by Taylor Wessing, Frankfurt (legal and transaction advisor) and by AJT Audit, Munich (financial and valuation).
Corporate Finance Partners acted as an exclusive advisor to TEKOMAG AG in this transaction