Alantra advises Charterhouse Capital Partners on the acquisition of a majority shareholding alongside the management team in Telio from financial investor DBAG


ServiceM&A; Debt Advisory

Jun 2021
Buy-side advisory

Frankfurt – Alantra, the independent global mid-market investment banking, alternative asset management and credit portfolio advisory firm, advises Charterhouse Capital Partners (“Charterhouse”) on the investment in Telio Management GmbH (“Telio” or the Company), the European leader in the provision of technology and communication services to correctional facilities. Alantra provided advisory services on both M&A and debt financing to Charterhouse.

Founded in 1998 and headquartered in Hamburg (Germany), Telio is the leading full service provider of communication solutions for the correctional industry in EMEA improving quality of life of inmates and fostering rehabilitation. Telio serves over 700 correctional facilities with over 300,000 inmates and has an unprecedented global market presence and leading position in 21 markets across Europe, Australia, parts of Africa and the UAE.

Telio delivers critical infrastructure such as essential telephony, video visitation solutions and jamming technology to the public sector and operates in a niche and non-cyclical market, benefiting from high barriers to entry due to long-term contracts, strong revenue visibility and structural trends. The market provides multiple levers for growth through jamming technology roll-out, in-cell transition, geographic expansion, and the introduction of new services in the digital & multimedia space.

Charterhouse is one of the longest established private equity firms operating in Europe. The firm connects expertise and capital, partnering with ambitious founders and management teams to drive transformational change. Charterhouse has a selective, conviction-led approach to investing in high-quality mid-market European companies across the Services, Healthcare, Specialised Industrials and Consumer sectors. It targets transactions with an enterprise value of between €200m and €1.5bn.

Carsten Hagenbucher, Partner at Charterhouse, commented: “Telio is a deserved leader in its markets, providing proprietary services that form vital infrastructure for its clients. With its strong focus on safety, wellbeing and rehabilitation, Telio is well positioned to grow internationally and bring its services to new territories. We are pleased to be investing in the Company at an exciting stage in its journey and look forward to working with the Company’s management team to support Telio’s continued growth.”

He continued: “We are very pleased with Alantra’s M&A and Debt Advisory services. The team worked hand in hand and had a significant impact on securing the deal for Charterhouse.”

Christoph Handrup, Managing Director at Alantra’s Frankfurt office, added: “We are proud to have supported Charterhouse on this exciting transaction and are convinced that with Charterhouse, Telio has found the right partner to further develop the business through its next phase of growth expanding Telio’s offering and international footprint and continuing its transformation into a global leader in technology and communication services for correctional facilities.”

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