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Rautenberg Moritz & Co. advises Circet and Advent International on the acquisition of Dieter Tombers GmbH.

The Rautenberg Moritz team advised Circet and Advent International on the acquisition of Dieter Tombers GmbH. Signing of the transaction already took place in October 2019. Closing was achieved in December 2019.

Circet is the number one telecom network service provider in Europe with operations in France, Germany, Ireland and the United Kingdom, Spain, and Morocco. While the telecom industry and stakeholders are massively investing in the deployment of very high-speed fixed and mobile networks, Circet delivers state-of-the-art, end-to-end solutions that span from infrastructure and network engineering, build-out, activation, operations, maintenance services to subscription management. As a market-recognized leader for its agility and flexibility the company serves leading telecom service providers and manufacturers, network infrastructure owners and operators, as well as state and local government bodies. In 2019, the business generated EUR 1.4bn in total sales and had 6,300 employees worldwide.

Advent International is one of the largest and most experienced global private equity firms. With offices on four continents, Advent International has established a globally integrated team of more than 220 investment professionals, focused on buyouts and growth equity investments in five core sectors. Since initiating its private equity strategy in 1989, Advent International has invested USD 50bn in over 355 private equity investments across 41 countries, and as of December 31, 2019, managed USD 57bn in assets.

Dieter Tombers GmbH is a telecom focused service provider specialized in turnkey construction and maintenance of telecom infrastructure. Based in Ratingen, Germany, the company has more than 100 employees and serves both national and regional telecom players.

Our team around Arndt Rautenberg and Gero Steinröder supported Circet and Advent International comprehensively as buy-side M&A advisors and led the entire acquisition process up to the successful completion of the transaction.

Rautenberg Moritz & Co. advises Circet and Advent International on the acquisition of Dieter Tombers GmbH.

Quick Facts

Date

  • December 2019

Circet

  • Number one telecom network service provider in Europe
  • Revenue of EUR 1.4bn (2019)
  • Present in six countries, ca. 6,300 employees
  • Backed by Advent International since in April 2018

Advent International

  • One of the biggest and most experienced global private equity investors
  • USD 57bn assets under management (December 2019)
  • More than 355 private equity investments across 41 countries

Dieter Tombers GmbH

  • Focused telecom network service provider
  • Specialized in turnkey construction and maintenance of telecom infrastructure
  • Founded 1974 in Ratingen, Germany

Deal Size

  • Undisclosed

Services

  • Buy-side M&A Lead Advisory

Team

  • Arndt Rautenberg, Managing Partner
  • Gero Steinröder, Partner