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€12.2mn
Equity investment
€28mn
Revenues 2019 (preliminary)
484
Employees 2019

KEY FACTS AT A GLANCE

  • Leveraging increasing demand for faster internet connections
  • Regional expansion and diversification of the customer base
  • Capacity expansion by way of four add-on acquisitions during two years of holding period

NETZKONTOR NORD GMBH

Investment by
DBAG ECF I

€12.2MN

DBAG'S INTEREST

€5.0MN

MANAGEMENT BUYOUT
Shareholders:
DBAG ECF I

86.8%

EQUITY SHARE BELONGING TO DBAG

35.9%

other shareholders

13.2%

First invested

JANUARY 2018

REVENUES in €mn

 

22

 

2017

 

30

 

2018

 

28

 

2019 (preliminary)

As of 30 June 2020

4

add-on acquisitions executed during holing period

With the MBO of netzkontor nord, DBAG has invested 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 nord GmbH (netzkontor nord) was established in 2008 and is the holding of a group of companies providing services to the telecommunications industry. The Group is pursuing a buy and build strategy. netzkontor nord operates two separate business units: 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 services based on long-term contracts with operators of fibre-optic networks.

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. Only 1.3 per cent of households will benefit from a particularly powerful broadband connection via fiber optics (2018). In neighboring European countries, the proportion is many times higher. in comparison with other European countries. In this favourable market environment, netzkontor nord is benefiting from its strong reputation as a reliable, high-quality provider and from its project management expertise. It is also expected to continue reporting 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 2019

Following two add-ons in the first year of our holding period, netzkontor nord was able to complete two more add-on acquisitions in 2019. With Voss Telecom Services GmbH, netzkontor nord aims to leverage its regional presence in North Rhine-Westphalia, Baden-Wuerttemberg and Hesse for realising cross selling potential. The SSF Group will enable netzkontor to expand its value chain and enter into the NE4 (in-house wiring) market. Without the two most recent add-ons, management expects a strong increase in profitability at a flat development of netzkontor’s sales in 2019.

OUTLOOK AND OBJECTIVES

netzkontor nord plans to further increase revenues and earnings in 2020. 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(at)dbag.de
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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, FLS and DING Group 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

netzkontor nord GmbH

Former portfolio companies

Ragnar Geerdts

Managing Director

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

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