11 05 2016

Berenberg financing the acquisition of Telio Group by DBAG

Ashurst advised Joh. Berenberg, Gossler & Co. KG on the partial financing of the majority takeover of Telio Group by Deutsche Beteiligungs AG and its fund DBAG Fund VI.


Telio develops, installs and operates communications and media systems for law enforcement agencies. The participation took place within the framework of a management buyout (MBO). Private investors are sellers in addition to the management. Berenberg provided DBAG and DBAG Fund VI with a senior operating line of credit. Further borrowed capital was granted by a unitranche lender. The contracting parties have agreed to keep the purchase price and financing volume confidential. The aim of the participation in Telio is to support the group with its strong growth. Ashurst advised Joh. Berenberg, Gossler & Co. KG on the deal with a team led by finance partners Dr Tom Beckerhoff (picture) and Dr Bernd Egbers, assisted by associate Isabell Pöller and transaction lawyer Susanne Kasnitz. Involved fees earner: Tom Beckerhoff - Ashurst; Bernd Egbers - Ashurst; Isabell Pöller - Ashurst; Susanne Kasnitz - Ashurst;

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