€22.0mn
Equity investment
€17mn
Revenues 2018
260
Employees 2018

KEY FACTS AT A GLANCE

  • Regional expansion and diversification of the customer base
  • Capacity expansion by way of two acquisitions
  • Revenues and earnings forecast to be higher than expected

NETZKONTOR NORD GMBH

Investment by
DBAG ECF FIRST NEW VINTAGE

€22.0MN

DBAG'S INTEREST

€9.1MN

MANAGEMENT BUYOUT
Shareholders:
DBAG ECF FIRST NEW VINTAGE

86.8%

EQUITY SHARE BELONGING TO DBAG

35.9%

other shareholders

13.2%

First invested

JANUARY 2018

REVENUES in €mn

 

9

 

2016

 

13

 

2017

 

17

 

2018

As of 30 June 2019

>40

MILLION

households in Germany have not yet been connected to a fibre-optic network

With the MBO of netzkontor, DBAG is investing in a well-positioned service provider in a fast-growing market. We want to support the company in its further development using the expertise that DBAG has gained from its current trio of investments in this sector.

RAGNAR GEERDTS
MANAGING DIRECTOR

PROFILE

netzkontor was established in 2008 and operates in two different business segments with around 100 employees. Under the “netzkontor” brand, the company offers a range of services relating to the planning and supervision of fibre-optic network construction. Its subsidiary OpenXS handles network management for operators of fibre-optic networks. The regional focus is on the German federal state of Schleswig-Holstein, where netzkontor operates in two other locations in addition to its headquarters in Flensburg. Having recently opened an office in Schwerin, the company is now also active in Mecklenburg-Western Pomerania.

POTENTIAL FOR DEVELOPMENT

The demand for fast Internet connections is increasing among both private households and companies. However, broadband coverage has so far expanded at a sluggish pace in Germany in comparison with other European countries. More than 40 million households in Germany have not yet been connected to a fibre-optic network. In this favourable market environment, netzkontor is benefiting from its strong reputation as a reliable, high-quality provider and from its project management expertise. It is also expected to achieve double-digit revenue growth in the coming years. The plan is to further drive forward the company’s regional expansion and the diversification of its customer base by way of acquisitions.

FINANCIAL YEAR 2018

netzkontor acquired BIB TECH GmbH, a provider of services related to the planning and construction of telecommunications networks, in May 2018 – four months after the investment started. A second company acquisition was agreed in August with the acquisition of BFE Nachrichtentechnik GmbH. Due to the resulting expansion of capacities and strong demand, netzkontor’s revenues and earnings in the 2018 financial year are forecast to be higher than originally expected.

OUTLOOK AND OBJECTIVES

netzkontor also plans to increase revenues and earnings in 2019. In view of the continuing favourable market environment, the management team is focusing on expanding capacities through further acquisitions and hiring new employees.

Responsible team member

Ragnar Geerdts
Ragnar Geerdts

Managing Director

Ragnar Geerdts
Name:
Ragnar Geerdts
Telephone:
+49 69 95787-172
E-Mail:

Ragnar Geerdts

Managing Director

Ragnar Geerdts joined Deutsche Beteiligungs AG in 2012 and became a Managing Director in 2017.

Ragnar Geerdts has over 13 years of experience in private equity and mergers and acquisitions. He has extensive knowledge of the automotive supplier and telecommunications industries and in mechanical and plant engineering. He was involved in numerous investments and disinvestments, including DNS:NET, Frimo, Formel D, inexio, mageba, Oechsler and Unser Heimatbäcker. Ragnar Geerdts also led the investment process in vitronet, netzkontor nord, von Poll Immobilien, BTV Multimedia and FLS and sits on the advisory councils of these companies. Before joining Deutsche Beteiligungs AG he worked in the area of M&A at Bayer AG and at Deutsche Post AG.

Ragnar Geerdts holds a degree in Business Administration from Freie Universität Berlin, and also studied at the Beijing Foreign Studies University.

Current portfolio companies

Former portfolio companies

Ragnar Geerdts

Managing Director

+49 69 95787-172
ragnar.geerdts(at)dbag.de