We help investors identify, evaluate and implement investment decisions that deliver lasting results. Our team has advised many of the world’s leading financial institutions, sponsors, digital infracos, industry players, lenders, credit agencies and vendors on their most significant due diligence topics.
Rune Group S.A.
Due diligence for open-access FTTH wholesale operator RuNe Group S.A., supporting the expansion of its credit facility to help advance RuNe Group's fibre deployment strategy
Debt financing Deal value: EUR30 million
Covilhã Data Center
Vendor due diligence of Covilhã Data Centre Campus on behalf of Altice Portugal during the sale of the business to Asterion Industrial Partners
M&A sell-side Deal value: EUR120 million
Fiberpass
Buy-side due diligence support to AXA IM Alts in its acquisition of a 40% stake in FTTH operator Fiberpass from Telefónica and Vodafone Spain Fiberpass
M&A buy-side Deal value: EUR500 million
Klearcom
Buy-side due diligence support to Synova on its investment in the customer experience assurance SaaS sector
M&A buy side Deal value: undisclosed
Verena
Buy-side due diligence support to Altibox Carrier, HitecVision and Lyse, investing in the Verena subsea cable system project
M&A buy side Deal value: undisclosed
AtlasEdge
Due diligence in support of green data-centre financing to expand AtlasEdge’s Lisbon campus
Debt financing Deal value: EUR253 million
Manx Telecom Group
Vendor due diligence of integrated fixed-mobile telco Manx Telecom on behalf of the operator and Basalt Infrastructure Partners
M&A sell side Deal value: undisclosed
Towerlink France
Vendor due diligence of Cellnex Telecom's edge data-centre business (Towerlink) in its divestment to Vauban Infrastructure Partners
M&A sell side Deal value: EUR391 million
SMF Spanlose Metall Formung
Buy-side due diligence support to Inflection Investment Partners, investing into complex metal components for defence and mobility
M&A buy side Deal value: undisclosed
CSP GmbH & Co. KG
Recapitalisation of CSP, a leading enterprise software provider in the QMS market and a portfolio company of EOS Partners
Recapitalisation Deal value: undisclosed
koenig.solutions
Buy-side due diligence support to EMZ Partners to strengthen its presence in SAP services within the energy and utilities sector
M&A buy side Deal value: undisclosed
Telekom Romania Mobile Communications
Technical due diligence services to OTE on the sale of Telekom Romania Mobile Communications
M&A sell side Deal value: undisclosed
Regional Data Hub (RDH)
Vendor due diligence of telecoms operator Telecom Egypt to support their sale of a 75-80% stake in newly formed data-centre infrastructure company RDH to Helios Investment Partners
M&A sell side Deal value: USD230 million
Euphoria Mobility
Buy-side due diligence for Sofindev Private Equity Partners as it expands its portfolio into telematics solutions in the Dutch and Nordics market
M&A buy side Deal value: undisclosed
FLEXiCODE
Buy-side due diligence support to EOS Partners GmbH, investing into the professional services space
M&A buy side Deal value: undisclosed
KKL Klimatechnik Vertriebs GmbH
Buy-side due diligence support to Triton Partners and bluu unit GmbH, investing into mission-critical HVAC and data-centre infrastructure
M&A buy side Deal value: undisclosed
Orange Concessions
Due diligence of wholesale fibre operator Orange Concessions for its debt refinancing
Debt financing Deal value: EUR1.3 billion
Truespeed and County Broadband
Advisory support to Aviva Investors in the merger of FTTH providers Truespeed and County Broadband
M&A merger/JV Deal value: undisclosed
PremiumFiber
Vendor due diligence of the newly formed FibreCo business which was created by Spanish telecoms operators MasOrange and Vodafone, with a ~12 million homes passed footprint
M&A sell side Deal value: ~EUR6.9 billion
Terrion
Carve-out preparation and vendor due diligence of Terrion, the new towerco formed by Telus, during its sale to La Caisse
M&A sell side Deal value: CAD1.26 billion (49.9% interest)
Princeton Digital Group (PDG)
Buy-side due diligence support to Stonepeak Infrastructure Partners, strengthening its presence in the Asia–Pacific data-centre market
M&A buy side Deal value: USD13 billion
Scanbot SDK GmbH
Vendor due diligence of document scanning, data capture and barcode scanning company Scanbot SDK on behalf of Thoma Bravo, L.P. during the sale of the business to Apryse
M&A sell side Deal value: undisclosed
MST Group GmbH
Vendor due diligence of tech-enabled corporate learning solutions provider mst group GmbH on behalf of EOS Partners during the sale of the business to NIIT
M&A sell side Deal value: undisclosed
mpmX by MEHRWERK
Buy-side due diligence support to Fortino Capital, strengthening its presence in the German B2B software market
M&A buy side Deal value: undisclosed
Altibox Carrier
Buy-side due diligence support to HitecVision in partnership with Lyse to strengthen its presence into data-centre fibre connectivity
M&A buy side Deal value: undisclosed
Axian Telecom
Support to African telecoms operator Axian Telecom on the issuance of its second Eurobond
Debt financing Deal value: USD600 million
Peter Park System GmbH
Vendor due diligence of off-street urban parking platform provider Peter Park during the investment into its business by Great Hill Partners
M&A sell side Deal value: undisclosed
Grain
Commercial and technical due diligence for FTTH provider Grain in support of it raising GBP225 million from HPS Investment Partners, LLC and its backers Equitix and Albion Capital Group LLP
Debt financing Deal value: GBP225 million
Modell Aachen GmbH
Buy-side due diligence support to Fortino Capital as it expands into the German B2B software market
M&A buy side Deal value: undisclosed
CADENAS GmbH
Vendor due diligence of digital engineering platforms provider Keyence Group during the sale of the business to CADENAS GmbH
M&A sell side Deal value: undisclosed
Wireless Logic Ltd
Buy-side due diligence for General Atlantic to support its investment in Wireless Logic, a leading independent global IoT solutions provider
M&A buy side Deal value: valued at GBP3.5 billion (minority shareholder)
maleco Farbwerk GmbH
Buy-side due diligence support to Motus Unternehmerkapital, investing into professional painting and coating products
M&A buy side Deal value: undisclosed
Accompio
Due diligence of Accompio to support with the refinancing by EOS Partners GmbH
Debt financing Deal value: undisclosed
Brigantia
Vendor due diligence of UK cyber-security distributor Brigantia Partners Ltd during the sale of the business to ELOVADE Deutschland
M&A sell side Deal value: undisclosed
Opcore
Vendor due diligence of OpCore's (Iliad carve-out) data centres
M&A sell side Deal value: 50% stake (EUR860 million)
Open Fiber S.p.A.
Due diligence of wholesale fibre operator Open Fiber in support of its refinancing process with a pool of 34 lenders
Debt financing Deal value: EUR7.2 billion (debt), plus EUR2.0 billion (equity)
Hispasat
Buy-side due diligence support to Indra in its 89.68% acquisition from Redeia, including a 43% stake in Hisdesat, strengthening its presence in satellite services
M&A buy side Deal value: EUR725 million
EnduroSat
Buy-side due diligence support to Morphosis Capital, investing into satellite and space services
M&A buy side Deal value: undisclosed
8com GmbH & Co KG
Buy-side due diligence support to Hannover Finanz, investing into IT security services
M&A buy side Deal value: undisclosed
SBB Serbia BroadBand
Buy-side due diligence support to e& PPF Telecom Group in its binding agreement with United Group, investing into cable TV and broadband services in Serbia
M&A buy side Deal value: EUR825 million
Opnet (now Shellnet)
Vendor due diligence of OpNet on behalf of telecoms operator Tessellis S.p.A. during the sale of the RANco to WindTre in Italy
M&A sell side Deal value: undisclosed
Smartfren
Due diligence support for the merger of telecoms operators XL Axiata and Smartfren
M&A merger/JV Deal value: USD6.5 billion
procilon GROUP
Vendor due diligence of B2B and B2G cyber-security solutions business Procilon on behalf of Harald Quandt Industriebeteiligungen during the sale of the business to Main Capital Partners
M&A sell side Deal value: undisclosed
Avenir Group
Buy side due diligence support to Liberta Partners Opportunities GmbH, investing into human resource management
M&A buy side Deal value: undisclosed
XpFibre
Due diligence of XpFibre for its debt refinancing
Debt financing Deal value: EUR5.8 billion
Connexin Ltd
Due diligence support for smart tech and FTTP provider Connexin for financing and specialist bid support on its successful Project Gigabit award
Debt financing Deal value: undisclosed
Melita Ltd
Buy-side due diligence of Melita, an integrated telecoms operator in Malta with a global IoT solutions platform, on behalf of Goldman Sachs Alternatives
M&A buy side Deal value: undisclosed
Knürr GmbH
Buy-side due diligence support to Inflection – the buyout architects – as it expands into control room solutions
M&A buy side Deal value: undisclosed
Aventario
Buy-side due diligence support to Waldegg Equity Partners GmbH, investing into vendor management and sourcing
M&A buy side Deal value: undisclosed
Perbility GmbH
Buy-side due diligence support to Rivean Capital, investing into human capital management solutions
M&A buy side Deal value: undisclosed
Ogi
Due diligence support for Ogi in its debt financing to accelerate the roll-out of FTTP broadband in Wales
Debt financing Deal value: GBP45 million
rtec cyber security
Buy-side due diligence support to Accompio, investing into cyber security
M&A buy side Deal value: undisclosed
Vauban Infra Fibre
Vendor due diligence of wholesale fibre operator Vauban Infra Fibre during the sale of a minority stake of the business to GIC
M&A sell side Deal value: EUR650 million
Ceské Radiokomunikace (CRA)
Due diligence of Czech diversified digital infraco (data centre, fibre and towers) CRA to support with its debt raise including a 6-year senior credit facility
Debt financing Deal value: GBP167 million
GFOS mbH
Buy-side due diligence support to The Riverside Company, investing into workforce management platforms and software
M&A buy side Deal value: undisclosed
Wildanet
Due diligence support for broadband and FTTH provider Wildanet on its debt financing from the National Wealth Fund
Debt financing Deal value: GBP35 million
DCON
Buy-side due diligence support to Maxburg Capital Partners, investing into ITSM/ESM software
M&A buy side Deal value: undisclosed
Sandefjord Bredbånd
Buy-side due diligence support to Infranode and Lyse in their acquisition of a local provider of FTTP
M&A buy side Deal value: undisclosed
Claims Experts
Buy-side due diligence support to Maxburg Capital Partners, investing into automotive insurance claims management
M&A buy side Deal value: undisclosed
IQ Solutions
Buy-side due diligence to support Silver Investment Partners, as they expand into software asset management
M&A buy side Deal value: undisclosed
Coconet
Buy-side due diligence in support to Emeram, investing into digital banking platforms
M&A buy side Deal value: undisclosed
Airtel
Due diligence support to Axiata for the merger between telecoms operators Dialog Axiata PLC and Airtel Sri Lanka
M&A merger/JV Deal value: undisclosed
Swibox
Buy-side due diligence support to EOS Partners GmbH, investing into electrical enclosures
M&A buy side Deal value: undisclosed
Switfnet Ltd
Buy-side due diligence of Telkom South Africa's mobile towerco Swiftnet on behalf of Actis
M&A buy side Deal value: USD355 million
Omikron
Buy-side due diligence support to Flex Capital, investing into German banking and e-payment software
M&A buy side Deal value: undisclosed
Kerv Group
Buy-side operational due diligence support to Bridgepoint Group on its acquisition of UK ICT service provider Kerv to support its further buy-and-build strategy
M&A buy side Deal value: undisclosed
echoes
Buy-side due diligence support to Volpi Capital, investing into SaaS vehicle data provision
M&A buy side Deal value: undisclosed
Veda
Buy-side due diligence support to Investcorp, expanding into full-suite HR software and payroll-as-a-service
M&A buy side Deal value: undisclosed
Connexta
Buy-side due diligence support to Fremman Capital, investing into IT security, managed services and cloud services to SMEs
M&A buy side Deal value: undisclosedVertiv Integrated Systems GmbH
Buy-side due diligence in support of Inflection Investment Partners GmbH & Existing Management, investing into critical digital infrastructure solutions
M&A buy side Deal value: undisclosed
Netrics hosting
Buy-side commercial due diligence support to Bregal Unternehmerkapital GmbH, investing into IT and cloud computing services provider for the SME market
M&A buy side Deal value: undisclosed
Fujitsu Services
Buy-side commercial due diligence support to Aequita & Co KGaA, investing into private cloud and IT application services for the German market
M&A buy side Deal value: undisclosed
Hans Übelacker
Buy-side commercial due diligence support to Handverks Gruppen, investing into innovative surface treatment
M&A buy side Deal value: undisclosedHigh Five GmbH
Buy-side due diligence support to FUNKE Mediengruppe GmbH & Co KGaA, investing into online finance learning solutions
M&A buy side Deal value: undisclosed
numbat
Vendor due diligence of high-power charging stations provider numbat during the sale of the business to Patrizia and DAL
M&A sell side Deal value: EUR140 million
Mothership
Buy-side commercial due diligence support to YouFirst, investing into gaming and the digital entertainment industry
M&A buy side Deal value: undisclosed
Optix
Buy-side commercial due diligence support to Evex Group and Flex Capital, investing into practice management software and IT services
M&A buy side Deal value: undisclosed
NOVEC GmbH
Buy-side due diligence support to Phoenix Tower International, entering the German market through the acquisition of a local mobile towerco
M&A buy side Deal value: undisclosed
iamstudentcom
Buy-side commercial due diligence support to FUNKE Mediengruppe GmbH & Co KGaA, investing into online student products and rental services
M&A buy side Deal value: undisclosed
Ask4 Ltd
Vendor due diligence of Wi-Fi solutions provider Ask4 Limited to support Bowmark's successful divestment to GI Partners
M&A sell side Deal value: undisclosed
Accedian
Sell-side support to Bridge Growth Partners on the sale of virtualised assurance platform, Accedian, to Cisco
M&A sell side Deal value: undisclosed
Phoenix Tower International
Vendor due diligence of tower company operator Phoenix Tower International to support its debt financing process in Europe
Debt financing Deal value: EUR1.2 billion
Promedi Personalmanagement GmbH
Buy-side due diligence support to Deutsche Unternehmensbeteiligungen AG (DUBAG), investing into staffing services for medical professions and geriatric care
M&A buy side Deal value: undisclosed
Poolarserver
Buy-side due diligence support to EOS Partners GmbH, investing into web-based software for construction projects
M&A buy side Deal value: undisclosed
Vantage Towers
Vendor due diligence of European towerco Vantage Towers on behalf of Vodafone during the sale of the business to a consortium led by KKR and Global Infrastructure Partners
M&A sell side Deal value: undisclosed
Services4-IT
Buy-side commercial due diligence support to Services4-IT, investing into customised IT nearshoring services in Hungary
M&A buy side Deal value: undisclosed
be-solutions
Buy-side commercial due diligence support to Accompio EOS, investing into managed services for modern workplaces and IT security
M&A buy side Deal value: undisclosed
Emitel SA
Due diligence of mobile and broadcasting towerco Emitel to support with its refinancing
Debt financing Deal value: EUR353 million
Cheops Technology NV
Buy-side due diligence support to Chequers Capital, investing into IT and business technology services
M&A buy side Deal value: undisclosed
hallo
Buy-side commercial due diligence support to KLAR Partners Ltd, investing into managed service providers specialising in IT and telecoms solutions SMEs
M&A buy side Deal value: undisclosed
Altitude Infra
Buy-side due diligence support to Arjun Infrastructure Partners Ltd, investing into French public initiative fibre operator Altitude Infra
M&A buy side Deal value: undisclosed
CloudExtel
Buy-side due diligence support to Macquarie Capital (Asia–Pacific), investing into India’s first full-stack NaaS provider offering digital infra services
M&A buy side Deal value: USD100 million
Pure IP
Vendor due diligence of ICT services provider Pure IP during the sale of the business to BCM One
M&A sell side Deal value: undisclosed
echoes
Buy-side commercial due diligence support to Volpi Capital, investing into next-generation vehicle data solutions
M&A buy side Deal value: undisclosed
SHD
Buy-side due diligence support to Syserso Networks, investing into managed IT services for critical infrastructures (KRITIS)
M&A buy side Deal value: undisclosed
SyncPilot–UC&C
Vendor due diligence of customer care software provider SyncPilot–UC&C during the sale of the business to ZARGroup
M&A sell side Deal value: undisclosed
Angelina Tours d.o.o.
Buy-side due diligence support to a Findos investor, investing into yacht chartering
M&A buy side Deal value: undisclosed
Adex Partners
Buy-side due diligence support to Capvis, investing into IT consulting
M&A buy side Deal value: undisclosed
Intercontent
Buy-side due diligence support to Arcus Infrastructure, investing into digital traffic monetisation through advertisers
M&A buy side Deal value: undisclosed
PLDT Inc
Buy-side due diligence support to Partners Group, investing into Telecom Towers in the Philippines
M&A buy side Deal value: PHP92 billion
Sirum
Buy-side due diligence support to Vecturis Equity, investing into ERP-based TMS software
M&A buy side Deal value: undisclosed
Tasc Infrastructure
Buy-side due diligence of digital infrastructure platform Tasc Infrastructure on behalf of Star Capital
M&A buy side Deal value: undisclosed
Oman Broadband
Buy-side due diligence support to Rakiza Fund, investing into Oman Broadband
M&A buy side Deal value: undisclosed
Datacentre One (DC1)
Vendor due diligence of co-location data-centre business Datacentre One (DC1) on behalf of Star Capital prior to the sale of the business to AtlasEdge
M&A sell side Deal value: undisclosed
Remazing
Buy-side due diligence support to IK Partners, investing into marketing services for Amazon marketplace
M&A buy side Deal value: undisclosed
afb
Buy-side due diligence support to Maguar, investing into modular software solutions focused on digitisation
M&A buy side Deal value: undisclosed
Commundardo
Buy-side due diligence support to Prom12, investing into IT systems integration and software development
M&A buy side Deal value: undisclosed
Kälte Eckert Gruppe
Buy-side due diligence support to Triton, investing into industrial and commercial refrigeration and cooling solutions
M&A buy side Deal value: undisclosed
Spark Towers (Connexa)
Vendor due diligence of tower company Connexa during the carve-out and sale of the business by Spark New Zealand Limited to Ontario Teachers’ Pension Plan (OTPP)
M&A sell side Deal value: undisclosed
PT Moratelindo
Market study support for telecoms and network infrastructure provider PT Moratelindo in preparation for its IPO at the Indonesia stock exchange
IPO Deal value: USD67 million
Axian Telecom
Due diligence support to telecoms operator Axian Telecom on its inaugural Eurobond issuance
Debt financing Deal value: USD420 million
BVE - Baulogistik-Verwertung-Entsorgung
Buy-side due diligence support to Deutsche Umwelttechnik, investing into recycling and logistics of construction waste
M&A buy side Deal value: undisclosed
Mantis
Buy-side due diligence support to ecovium and FSN Capital, investing into WMS software and services
M&A buy side Deal value: undisclosed
andcompany
Buy-side due diligence support to Rigeto, investing into IT, digital services and software development
M&A buy side Deal value: undisclosed
TPG
Buy-side due diligence support to Alpina Partners, investing into project management software and services
M&A buy side Deal value: undisclosed
Sematell
Buy-side due diligence support to Pinova Capital, investing into AI-based workflow software and services for customer contact centre automation
M&A buy side Deal value: undisclosed
Emitel SA
Buy-side due diligence support to Cordiant Digital Infrastructure, investing into a mobile and broadcasting towerco in Poland
M&A buy side Deal value: PLN1920 million
ContentKeeper
Buy-side due diligence support to Impero Investcorp, investing into web filtering, reporting and mobile security for schools in the USA
M&A buy side Deal value: undisclosed
Macio
Buy-side due diligence support to Cloudflight, investing into embedded software engineering and intuitive customised HMI
M&A buy side Deal value: undisclosed
Autobrains
Buy-side due diligence support to Knorr Bremse, investing into AI camera sensor technology in automotive and mobility technologies
M&A buy side Deal value: USD25 million
IHS Holding Limited
Support to mobile towerco IHS Towers in its IPO at the New York Stock Exchange
IPO Deal value: USD6.9 billion
Mila
Buy-side due diligence of Mila, Siminn's mobile and fixed netco, on behalf of Ardian Investment
M&A buy side Deal value: undisclosed
Exa Infra
Vendor due diligence of B2B fibre infrastructure company Exa Infrastructure during the carve-out of the business from GTT
M&A sell side Deal value: USD2.2 billion
PLT
Buy-side due diligence support to Moving Intelligence and Volpi Capital, investing into route management and TMS software and services
M&A buy side Deal value: undisclosed
Glas strack
Buy-side due diligence support to VR Equity Partner, investing into B2C e-commerce manufacture
M&A buy side Deal value: undisclosed
inprocoat
Buy-side due diligence support to Alro Group, a portfolio company of Gimv, investing into high-quality corrosion and fire protection of large steel and NF-metal-surfaces
M&A buy side Deal value: undisclosed
mod IT
Buy-side due diligence support to EOS Partners GmbH, investing into workplace management and IT services
M&A buy side Deal value: undisclosed
Syserso Networks
Buy-side due diligence support to Chequers Capital, investing into telecoms services and systems integration
M&A buy side Deal value: undisclosed
Ceské Radiokomunikace (CRA)
Buy-side due diligence support to Cordiant Digital Infrastructure, investing into a diversified (tower, fibre and data centres) digital infrastructure platform in Czechia
M&A buy side Deal value: USD425 million
Vantage Towers
Support to tower company operator Vantage Towers in its carve-out and IPO by Vodafone Group plc on the Deutsche Börse
IPO Deal value: EUR2.3 billion
Polkomtel Infrastruktura (now Towerlink)
Vendor due diligence of Polomtel Infrastrucktura (now Towerlink), the RANco being created out of Polish mobile operator Polkomtel, during the sale of the business to Cellnex
M&A sell side Deal value: EUR1.6 billion
Hausmann
Buy-side due diligence support to Maxburg Capital Partners, investing into disposal and recycling of hazardous materials
M&A buy side Deal value: undisclosedKHM
Buy-side due diligence support to Deutsche Unternehmensnachfolge, investing into the manufacturing of car equipment parts
M&A buy side Deal value: undisclosed
Telxius Towers
Buy-side due diligence of Telxius's tower business on behalf of American Tower Corporation and its shareholders
M&A buy side Deal value: EUR7.7 billion
Netop
Buy-side due diligence support to Impero Investcorp, investing into classroom management software solutions
M&A buy side Deal value: undisclosed
TowerTel
Buy-side due diligence support to tower company operator Phoenix Tower International, acquiring Towertel from EiTowers and F2i in Italy
M&A buy side Deal value: EUR500 million
Babble
Vendor due diligence of unified communications and cyber-security services provider Babble during the divestment by LDC to Graphite Capital
M&A sell side Deal value: GBP90 million
Objective
Buy-side due diligence support to Alpina Partners, investing into shop floor and warehouse floor IT solutions
M&A buy side Deal value: undisclosed
ecovium
Buy-side due diligence support to FSN Capital, investing into logistics software and services
M&A buy side Deal value: undisclosed
MHP Solution Group
Buy-side due diligence support to FSN Capital, investing into software solutions for warehouses and logistics
M&A buy side Deal value: undisclosed
NexLoop
Vendor due diligence of fibre backhaul and edge data-centre provider NexLoop during the carve-out of the business from Bouygues Telecom
M&A sell side Deal value: EUR1.0 billion
Emerald Tower Limited
Buy-side due diligence of eir's mobile tower assets in Ireland on behalf of Phoenix Tower International
M&A buy side Deal value: EUR300 million