Enlargement of customer base
€18.0MN
EQUITY INVESTMENT
€68MN
REVENUES 2017/2018
260
EMPLOYEES 2017/2018

KEY FACTS AT A GLANCE

  • Objective: maintain brisk pace of investment
  • Growth accelerated due to acquisitions
  • Revenues and earnings up considerably again year-on-year; growth in private and business customer bases

INEXIO Informationstechnologie und Telekommunikation KGaA

INVESTMENT BY
DBAG ECF

€18.0MN

DBAG'S INTEREST

€7.5MN

GROWTH FINANCING
SHAREHOLDERS:
DBAG ECF

16.4%

EQUITY SHARE BELONGING TO DBAG

6.9%

OTHER SHAREHOLDERS

83.6%

FIRST INVESTED

MAY 2013

REVENUES IN €MN

 

51

 

2015/2016

 

55

 

2016/2017

 

68

 

2017/2018

As of 31 December 2018

Since our first investment in 2013, inexio has developed enormously - both through organic growth and market consolidation. We see inexio as a prime example of a successful private equity investment in which a talented management team is supported and a promising business model is promoted.

GUSTAV EGGER
MANAGING DIRECTOR

~2,000

new private customers per month

PROFILE

inexio Informationstechnologie und Telekommunikation KGaA invests in the development and expansion of an efficient telecommunications infrastructure in several federal states in Germany, focusing not only on the federal states of Saarland and Rhineland-Palatinate, but also on Bavaria, Baden-Württemberg, Lower Saxony and the former East German states. inexio has a proprietary and steadily growing fibre-optic and municipal network currently covering more than 6,500 kilometres, as well as six company-owned data centres. The company offers the full spectrum of telecommunications and IT services, from carrier services to assuming all telecommunications, IT and data centre services. Although the company’s original focus was on business customers, these have now been surpassed by revenues from high-speed internet connections for private customers at an annual rate running into the double digits.

POTENTIAL FOR DEVELOPMENT

inexio is continuously growing its customer base by investing in fast fibre-optic networks, i.e. in an increasingly available and increasingly adopted infrastructure with long-term availability, to secure attractive sources of future revenue that are also predictable. The barriers to enter the market in which inexio operates are typically high. inexio has a highly motivated and experienced management team. Thanks to the company’s structures and capacities, it has the opportunity to take advantage of current market opportunities. A further key success factor is the speed at which inexio can expand its own network. Especially in rural areas, the first to invest invariably gets access to the customers. In recent years, inexio has acquired several smaller companies with a network and customers in Bavaria and has continued its regional expansion.

FINANCIAL YEAR 2017/2018

The sustainable and profitable business of inexio also developed very positively in the 2017/2018 financial year (30 September). The number of private customer contracts increased year-on-year by more than 30 percent and is growing by more than 2,000 per month, with inexio also benefiting from the successful company acquisitions of the past years. inexio also saw growth in the number of business customers. Revenues and earnings will significantly exceed the previous year’s values once again.

OUTLOOK AND OBJECTIVES

As far as 2018/2019 (30 September) is concerned, inexio forecasts further growth. Based on the rising number of customers, revenues and earnings are again expected exceed the previous year’s figures. As well as expanding its own network, the acquisition of other companies will remain a key issue on the telecommunications market, which is in the process of consolidating.

Responsible team member

Gustav Egger
Gustav Egger

Managing Director

Gustav Egger
Name:
Gustav Egger
Telephone:
+49 69 95787-300
E-Mail:

Gustav Egger

Managing Director

Gustav Egger joined Deutsche Beteiligungs AG in 1989 and has been a Managing Director since 1992.

After receiving his degree in Engineering Management with a major in Mechanical Engineering from the University of Berlin, he spent six years at Deutsche Bank focusing on the financing of large-scale international projects in infrastructure and the commodity sector as well as US-based cogeneration power plants.

His career at DBAG started in 1989 as an Investment Manager for 14 portfolio companies in a variety of sectors and he invested in the first privatisations after Germany's reunification. From 1992, as head of Central Investment Controlling, he organised and installed the risk monitoring processes for more than 120 portfolio companies spread over ten DBAG branch offices. In this position, he was also a member of the DBAG Investment Committee. From 1995, in his role as CFO, he additionally took on responsibility for Finance and Accounting. Along with DBAG's independence from Deutsche Bank which commenced in 1997, he negotiated the entry of new handpicked anchor shareholders and investors. Linked to that was the establishment of capital market communications and the first corporate actions. To accelerate DBAG's independence, he organised the placement of DBAG's first closed-end buyout fund for international investors. Subsequent to the successful fund-raising for DBAG Fund V and DBAG Expansion Capital Fund, he retired from his role as CFO and has since focused on the development of the expansion capital business. In that capacity, he is currently monitoring and supporting the portfolio companies in the telecommunications, information technology and media sectors.

Current portfolio companies

Dns:Net Internet Service GmbH Inexio Informationstechnologie und Telekommunikation KGaA

Former portfolio companies

Gustav Egger

Managing Director

+49 69 95787-300
gustav.egger(at)dbag.de