Avedon Capital exits Tesch Inkasso

The sale put an end to a four-year holding during which Avedon implemented a buy-and-build strategy for the group.

Tesch Inkasso has grown from a relatively small family-owned business with a number of key acquisitions: in 2012, the company bolted on Transcom CMS and Mediafinanz, simultaneously acquiring three client portfolios which altogether contributed to tripling the company's size, according to the GP.

The group's sales more than doubled over the holding period, reaching an estimated €30m in 2014. 

Avedon also increased staff numbers and appointed new senior management. Tesch's current CEO, Thomas Dold, will stay on and join the new entity.

Lowell GFKL, which has been backed by Permira and Ontario Teachers' Pension Plan (OTPP) since 2015, will aim to grow the new group into a pan-European business in each of its activities. The acquisition will also contribute to diversifying Lowell's market, reducing its reliance on the UK.

Previous funding
In 2012, Avedon Capital Partners invested in Tesch Inkasso, acquiring it from its founder. The group generated €14m of sales at the time of the investment.

Company
Tesch Inkasso is a third-party debt collection business headquartered in Wiehl, Germany. Its core business is to recover debt claims, mostly from private debtors, in the name of its clients. Tesch has 10,000 clients and a volume of receivables serviced of circa €2bn.

Tesch currently employs 430 people in its three locations in Gummersbach, Krefeld and Osnabrück.

People
Avedon Capital Partner - Alexis Weege (investment director); Hannes Hinteregger (partner); Alfred Tulp (partner).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Financials
• Exits
• Portfolio management
• DACH
• Germany
• Trade sale
• Permira
• Build-up