15 August 2016
Mayer Brown advised Avedon Capital Partners on the sale of Tesch Inkasso Group to Lowell GFKL Group, a European leader in credit receivables management backed by the Permira Funds and Ontario Teachers’ Pension Plan. The purchase price not disclosed.
Tesch Inkasso GmbH, located in Wiehl (Northrhine-Westphalia, Germany), is a leading medium-sized firm in the field of third party debt collection. Founded in 1985, the company has around 430 employees at its locations in Wiehl, Krefeld and Osnabrück and serves around 10,000 active clients with a EUR 2 billion volume of receivables.
Avedon Capital Partners with offices in Düsseldorf and Amsterdam is a private equity funds manager focusing on mid-sized companies in Germany and the Benelux countries with strong growth potential. Mayer Brown advised Avedon on various transactions, recently on the sale of GRW Bearing GmbH (see news release
) and already on the acquisition of the Tesch Group in 2012 (see news release
) as well as subsequent transactions.
The Mayer Brown Team included partner Dr. Joachim J. Modlich (Lead), Carsten Flaßhoff (Corporate & Securities, both Düsseldorf), Volker Junge (Tax, Frankfurt), Dr. Jens Peter Schmidt (Antitrust, Brussels), counsel Dr. Jan Streer (Corporate & Securities) as well as associates Sabine Krause (Real Estate), Slaven Kovacevic (Corporate & Securities, all Düsseldorf) and Jörg Salzmann (Employment & Benefits, Frankfurt).