Tectum Group (Germany) - Oct 2007

unquote
01 October 2007

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Quadriga Capital has acquired a 50% stake in German telecom service provider Tectum Group from the founding Küpper family. The investment opportunity originated from direct contact between company founder Hubertus Küpper and Max Römer from Quadriga Capital, who had been discussing the timing of the investment for the past four years. The value of the transaction has not been disclosed. The Küpper family remains invested with a 50% stake and Hubertus Küpper continues to head the company as CEO. Quadriga Capital is looking to back the management to continue the organic growth of the company in Germany and will also actively pursue to expand internationally. As a mid-term objective Quadriga Capital is looking to float Tectum Group.

Debt

Dresdner Kleinwort supported the transaction with a senior-only debt package.

Company

Tectum Group operates three call centres in Gelsenkirchen, Dortmund and Essen (all North-Rhine Westphalia). The company was founded as CTD Innovationstechnologie im Dialog GmbH by Hubertus Küpper in 1998, when he acquired a call centre in Dortmund with 16 staff. In recent years the company has grown significantly, employing approximately 2,000 staff in 2006 and generating a turnover of approximately €60m.

People

Max Römer, Jasper von Richthofen and Peter Besthof handled the transaction for Quadriga Capital. Andreas Deissner worked on the debt package at Dresdner Kleinwort.

Advisers

Equity - Haarmann, Christian Fingerhut, Dirk Breyhahn, Dr Jan, Jana Klotz, Jörn Hirschmann, Tobias Fenck (Legal)Equity - KPMG, (Financial Due Diligence)Equity - LEK Consulting, (Market/Industrial Due Diligence)Vendor - Rellermeyer & Partner, Stefan Gröblinghoff (Legal)Vendor - WIR Treuhand, Wilfried Düsing (Financial Due Diligence)

Sourced from: Deutsche unquote" 93 (Dec 2007)