Warburg in €250m EV Inexio capital increase

Previous shareholder Deutsche Beteiligungs AG (DBAG) reinvested for a larger minority stake. DBAG and the DBAG Expansion Capital Fund participated on equal terms with a follow-on investment of €5m and will together hold a 16% stake.

The company's management, which previously held the majority in the business, will continue in their roles. The business claims it grew at an annual revenue growth rate of 34% from 2011-2015, reaching €47m in 2015.

Previous funding
In April 2013, DBAG invested €10.6m of growth capital in German broadband connections provider Inexio. DBAG provided €4.4m and its fund DBAG Expansion Capital provided the rest, for a total stake in the business of 10%. Most of the remaining shares continued to be held by the company's founders, who also served as members of Inexio's management board. DBAG's investment included profit participation capital.

Company
Inexio is a provider of broadband infrastructure. It mainly operates in Rhineland-Palantine, Bavaria, Baden-Württemberg and Saarland. Based in Saarlouis, the business was founded in 2007.

The company has a fibre-optic network with 5,500km of fibre-optic lines and operates six data centers. It counts 4,000 commercial customers and 60,000 households that obtain their internet access from Inexio.

People
DBAG – Torsten Grede (spokesman of the management board).
Inexio – David Zimmer (CEO).

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