MCF acted as exclusive Debt Advisor to Deutsche Private Equity on the arrangement of an asset-based financing structure for TKD Group
Funds advised by Deutsche Private Equity (“DPE”) have reached an agreement to acquire TKD Group (“TKD”), the leading mobile service provider in Germany. Following the acquisition, TKD and DPE have successfully arranged an asset-based financing structure to support the future high growth of its operating business.
In this transaction, MCF advised DPE and TKD on the successful arrangement and structuring of respective asset-based growth facilities.
The Deal
DPE has signed an agreement to acquire TKD from its founders and managing directors. In the context of the acquisition, funds advised by DPE took over the majority of the shares from the founders and managing directors, who have chosen DPE as their ideal partner and will remain with the company in their operating roles as well as minority shareholders. DPE as a dedicated long-term partner will facilitate and support the future growth of TKD through significant contribution to the company’s technological development.
About TKD
Since its foundation in 2014, TKD with its headquarters in Langenfeld, Germany has developed into the leading mobile service provider and is able to support its clients with more than 100 employees. The services range from Mobile LifeCycle Management and TKD Managed Phone (smartphone rental) to Managed Mobility Service. Furthermore, the TKD online shop allows ordering smart devices and accessories for every business client across different segments.
About DPE
DPE is an independent investment company that has been accompanying medium-sized companies in the DACH region on their growth path as an active and partner investor for more than 15 years. As a result, DPE has become one of Germany’s largest growth investors and currently manages total assets of over EUR 3 billion. Since its founding, DPE has participated in numerous platform and follow-on investments in companies; the core of the investment strategy is in the areas of B2B services, industrial technology, energy and environmental technology, digitalization/software and healthcare.
Contact us:
Richard Rösener, Partner: Rösener@mcfcorpfin.com
Degenhard Schroeren, Director: Schroeren@mcfcorpfin.com
Colin Sass, Associate: Sass@mcfcorpfin.com
Alexander Weinbuch, Analyst: Weinbuch@mcfcorpfin.com
