DEEN
Enlargement of customer base
€18.2MN
EQUITY INVESTMENT
€51MN
REVENUES 2015/2016
180
EMPLOYEES 2015/2016

KEY FACTS AT A GLANCE

  • Growth in private and business customer base
  • Increasing profitability
  • Capital increase with a further financial investor agreed  

INEXIO KGAA

INVESTMENT BY
DBAG ECF

€18.2MN

THEREOF DBAG

€7.6MN

EXPANSION CAPITAL INVESTMENT
SHAREHOLDERS:
DBAG ECF

16.4%

THEREOF DBAG

6.9%

OTHER SHAREHOLDERS

83.6%

FIRST INVESTED

MAY 2013

REVENUES IN €MN

 

41

 

2013/2014

 

44

 

2014/2015

 

51

 

2015/2016

As of 30 June 2017

Since our initial investment in 2013, inexio has developed enormously – both by organic growth and market consolidation. As we see it, inexio is a textbook case of a highly successful private equity investment in which a talented management team receives backing and a promising business model is driven forward.

GUSTAV EGGER
MANAGING DIRECTOR

TELECOMMUNICATIONS AND IT SERVICES

Inexio Informationstechnologie und Telekommunikation KGaA invests in the development and expansion of a power­ful telecommunications infrastructure in the greater region of Rhineland-Palatinate/Saarland, as well as in Bavaria and Baden-Württemberg. Inexio has a proprietary and steadily growing fibre-optic and municipal network covering more than 5,000 kilometres as well as five company-owned data centres. The company offers the entire spectrum of telecommunications and IT, 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 of just under 70 percent.

POTENTIAL FOR DEVELOPMENT

Inexio is continuously growing its customer base by investing in fast fibre-optic networks, i.e. in an increasingly popular 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 traditionally high. Inexio has a highly motivated and experienced management team. Thanks to the company’s structures and capacities, it can take advantage of current market opportunities.

A further key success factor is Inexio’s speed in expanding its own network. Especially in rural areas, the first to invest invariably gets access to the customers. The capital invested by DBAG and the fund allows Inexio to maintain the pace at which it invests and to accelerate growth by acquiring further companies. In each of the past two years, Inexio has acquired a smaller company with a network and customers in Bavaria and continued its regional expansion.

2014/2015 FINANCIAL YEAR

In the 2014/2015 financial year (30 September), Inexio’s sustainable and profitable customer business developed very positively. The company achieved its forecast growth. Customer contracts increased to more than 50,000 and are growing by more than 1,000 per month. Inexio gained new business customers in all of its newly acquired network areas. Revenues and earnings were again significantly up on the previous year.

OUTLOOK AND OBJECTIVES

Inexio plans to continue growing its infrastructure and customer numbers in 2015/2016. Revenues and earnings should also grow accordingly and again exceed the previous year’s figures.

Responsible team member

Gustav Egger
Gustav Egger

Managing Director

Gustav Egger
Name:
Gustav Egger
Investment focus:
Expansion capital investment
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 KGaA Plant Systems & Services PSS GmbH

Former portfolio companies

Gustav Egger

Managing Director

+49 69 95787-300
gustav.egger@dbag.de