Charterhouse Capital Partners’ Acquisition Of Telio From DBAG

Allen & Overy advised Charterhouse Capital Partners on the deal.

Charterhouse Capital Partners acquired the telecommunications and software company Telio from Deutsche Beteiligungs AG (DBAG). DBAG invests a portion of the sale proceeds and will retain a minority stake in the business. The completion of the transaction is subject to approval by the relevant authorities. In addition, Allen & Overy advises on the unitranche financing which supports the acquisition and further growth of the Telio group.
Telio was founded in Germany in 1998 and is headquartered in Hamburg. The company develops, installs and operates communications and media systems for correctional facilities, thus providing an important contribution to institutional peace and the reintegration of inmates into society. Telio installs telephones and related systems in prisons, allowing inmates to make monitored calls from communal areas or directly from their cells. The company’s product range also comprises digital services as well as proprietary jamming and detection capabilities. Telio meanwhile has more than 200 employees, and its systems are installed at 700 facilities in 21 countries worldwide.

The Allen & Overy team was led by partner Dr Michiel Huizinga (Picture – Corporate / Private Equity, Frankfurt) and senior associate Tobias Hoppe (Corporate / Private Equity, Munich). Further and specialist advice was provided by partners Thomas Neubaum (Banking & Finance), Dr Heike Weber (Tax), Dr Udo Olgemöller (Public Law, all Frankfurt), Dr Jens Matthes (IP, Düsseldorf), and Dr Börries Ahrens (Antitrust & Competition, Hamburg), as well as counsels Dr Roman Kasten (Corporate / Private Equity, Frankfurt), Dr Kai Terstiege (Corporate / Private Equity, Munich), Dr Jan-Hendrik Bode (Banking & Finance) and Dr Sebastian Schulz (Employment, both Frankfurt). Furthermore, the team comprised senior associates Dr Marcus Mackensen (Corporate / Private Equity, Hamburg) and Dr Tina Gausling (Data Protection, Munich), and associates Philipp Martin, Laura Reuther (both Corporate / Private Equity, Frankfurt), Linda Mayer (Corporate / Private Equity, Munich), Louisa Drewniok (Banking & Finance), Dr Stephan Bühner (Public Law, both Frankfurt), Anna Kräling (IP, Düsseldorf), Barbara Angene (Employment, Frankfurt), and Dr Philipp Steinhaeuser (Antitrust & Competition, Hamburg), along with teams from other international offices of Allen & Overy, including in Australia, Belgium, France, Hungary, Morocco, the Netherlands, Poland, Spain, the United Arab Emirates, and the United Kingdom.

Involved fees earner: Börries Ahrens – Allen & Overy; Barbara Angene – Allen & Overy; Jan-Hendrik Bode – Allen & Overy; Stephan Bühner – Allen & Overy; Louisa Drewniok – Allen & Overy; Tina Gausling – Allen & Overy; Tobias Hoppe – Allen & Overy; Michiel Huizinga – Allen & Overy; Roman Kasten – Allen & Overy; Anna Kräling – Allen & Overy; Marcus Mackensen – Allen & Overy; Philipp Martin – Allen & Overy; Jens Matthes – Allen & Overy; Linda Mayer – Allen & Overy; Thomas Neubaum – Allen & Overy; Udo Olgemoller – Allen & Overy; Laura Reuther – Allen & Overy; Sebastian Schulz – Allen & Overy; Philipp Steinhaeuser – Allen & Overy; Kai Terstiege – Allen & Overy; Heike Weber – Allen & Overy;

Law Firms: Allen & Overy;

Clients: Charterhouse Capital Partners;

Author: Federica Tiefenthaler