DBAG-backed Vitronet buys Telewenz

DBAG backed the MBO of Vitronet in April 2017, investing via DBAG Expansion Capital Fund. The GP also invested €8.5m from its balance sheet and indirectly holds a 40% stake in the company, with the remaining equity held by the company's management.

Vitronet, which provides both private and public sector companies with the installation of fibre-optic cables, has made a number of add-ons during the investment period. The company acquired cable manufacturer Heinz Lutkemeier in September 2019.

The GP is currently also pursuing a buy-and-build strategy in the telecommunications sector via Ding-Gruppe, as reported by Unquote.

DBAG was not available for comment at the time of publication.

Company
Telewenz assists companies with the construction and installation of fibre-optic and copper cable networks. Founded in 2000, the company is based in Bochum. It employs 64 staff in 2018, according to Northdata.

People
Telewenz – Gert Wenzel (managing director).
Vitronet – Thomas Simon (CEO).

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• Topics
• Portfolio management
• DACH
• Industrials
• Build-up
• Germany
• Deutsche Beteiligungs AG