Mayer Brown advised Avedon Capital Partners on the acquisition of Tesch
11 July 2012
Mayer Brown, a leading global law firm, advised Avedon Capital Partners on its acquisition of the shares in Tesch Verwaltungs GmbH and on the financing of the acquisition by a banking consortium. Vendor of the shares was Tesch’s founder and previous shareholder Siegward Tesch, who will assume the role of an advisor and continue to accompany the firm.
Tesch, located in Oberberg/Wiehl, is a leading medium-sized firm in the field of receivables management. Besides debt collection services encompass direct debiting, credit information and economic information. Tesch’s clients include companies from the telecommunications, insurance and media sectors as well as energy suppliers. Founded in 1985, the company has 170 employees.
Avedon Capital Partners with offices in Düsseldorf and The Hague is a private equity manager focusing on mid-sized companies in Germany and the Benelux-Countries with strong growth potential. Avedon, formerly NIBC Capital Partners, has so far invested in 34 enterprises in Europe.
The Mayer Brown Team working on the transaction included Dr. Joachim J. Modlich (Lead, Corporate, Düsseldorf), Carsten Flaßhoff (Corporate, Düsseldorf), Dr. Jens Peter Schmidt (Antitrust, Brussels), Dirk-Peter Flor (Banking & Finance, Frankfurt), counsel Isabelle van Sambeck (Employment & Benefits, Düsseldorf) and Associates Slaven Kovacevic and Philipp Jaspers (both Corporate, both Düsseldorf) as well as Anja Giesen (Real Estate, Düsseldorf).