Deutsche Beteiligungs AG has sold BTV Multimedia Group to Netceed, a portfolio company of Cinven and Carlyle

BTV Multimedia Group

BTV Multimedia Group is a leading provider of passive and active equipment as well as services for broadband network deployment, maintenance and upgrades, primarily focused on the German-speaking region. Founded in 2018 as a merger of several established companies in the broadband market under the umbrella of Deutsche Beteiligungs AG (DBAG), the group now consists of nine individual companies. It supports network operators, installers, the housing industry and wholesalers throughout Europe in fiber optic and hybrid fiber-coaxial network rollout.

The Deal

DBAG sold BTV Multimedia to Netceed (formerly known as ETC Group), a portfolio company of Cinven and Carlyle. The focus of the sale process was to achieve an outlier valuation for BTV Multimedia, which was enabled through deep market understanding and a bespoke process design, leading to bilateral discussions with the ultimate buyer in parallel to full sale process preparations.

Our Perspective

Andreas Bienert, Managing Director in Lincoln International’s Industrials Group, commented, “We are very pleased with the highly successful result for our client DBAG and wish the management team and employees of BTV Multimedia continued success with their growth story as part of Netceed.”

Deutsche Beteiligungs AG

DBAG is a listed private equity (PE) company. DBAG initiates closed-end PE funds (DBAG funds) which enable institutional investors to invest in equity or equity-like instruments of unlisted companies. The PE firm focuses on German Mittelstand companies. Since DBAG was established more than 50 years ago, it has provided equity capital to more than 300 companies together with the DBAG funds.

Netceed

Netceed is one of the global leaders in distribution, logistics, technical engineering and product design with more than 30 years of expertise and performance supporting the telecommunications and broadband industry.

Cinven & Carlyle

Cinven is a leading international PE firm focused on building world-class global and European companies. Its funds invest in six key sectors: business services, consumer, financial services, healthcare, industrials and technology, media and telecommunications. Cinven has offices in London, New York; Frankfurt, Germany; Paris, Milan, Madrid; Guernsey, UK and Luxembourg.

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: global PE, global credit and global investment solutions. With $373 billion of assets under management as of December 31, 2022, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,100 people in 29 offices across five continents.

Share: