Transaction Details

December 1, 2015
Zurich

Sector

Technology, Business Services

Deal Type

M&A

Deal Value

N/D

Deal Team

Alexander Grünwald, Dr Martin Kühner, Thomas Egli, Madeleine Jahr, Mario Schlup, Beat Wuffli, Philipp Andris, Arjeta Berisha

GCA Altium advises on the sale of Telio to Deutsche Beteiligungs AG

GCA Altium acted as exclusive financial adviser to the shareholders of Telio on its sale to Deutsche Beteiligungs AG (DBAG).

Telio, headquartered in Hamburg, Germany, is the European market leader in telephony services for prison inmates. The Company operates in 12 European countries and the Arabian Peninsula and has a market share of approximately 50%. With installations in over 350 facilities, Telio offers around 230k inmates a full range of communication solutions. DBAG aims to support Telio’s strong growth by supporting its expansion in other European countries. Specifically, Telio develops, installs and operates communications and media systems in correctional facilities. Inmates can make telephone calls via a controlled system, from the cell block or directly from their cells. Telio also offers curated multimedia applications for inmates. The driver of Telio’s business is the facilitation of prisoners' reintegration into society following their release. It has been shown that regular contact with family and friends outside the prison can make an important contribution to later reintegration. Recently, therefore, prisoners have been given increased access to telephones and other means of communication.

Terms of the transaction were not disclosed and the transaction is subject to the approval of antitrust authorities.

This latest transaction sees GCA Altium build on its leading position in European technology advisory, having completed 14 transactions in the last 12 months. Other recent deals include securing growth investment from Lyceum Capital for TotalMobile, the sale of a 25% minority stake in SoftwareONE to KKR and the acquisition of KCS.net by Avanade (a joint venture between Accenture and Microsoft).

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