FIH Partners advises Axcel on the

Divestment of Lessor Group

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Telecom, Media & Technology (TMT)

Our experience in the TMT sector is very broad and based on more than 30 transactions over the last decade. From hearing aid components through telecom, software to IT services, we have advised both sellers and acquirers, and also on public equity offerings. We understand the critical success parameters in these high technology, fast-evolving industries and have been consistently able to create value for our clients in these sectors.

Our partners have advised on some of the largest software and IT services transactions in Denmark including:

  • A.P. Moller-Maersk’s divestment of Maersk Data, a captive software and IT services provider primarily to Maersk Line and a number of other large Danish companies, to IBM (value undisclosed).
  • Danske Bank’s divestment of DM Data, the leading IT services company to the Danish financial services sector, to IBM (value undisclosed).
  • Maersk Data’s acquisition of LEC, a leading IT services provider to the Danish agriculture industry (value undisclosed).
  • Local Government Denmark’s divestment of KMD, a leading ASP, IT services and BPO provider primarily to local and central government, to EQT and ATP (EUR 268m).
  • A series of acquisitions for IBM relating to its early consolidation of the Danish IT service and business software market.

Our partners' telecom and communication technology track record includes:

  • Fairness opinion to the board of directors of TDC on the DKK 9 billion share buyback of TDC A/S, completed simultaneously with a DKK 12 billion public offering in 2010.
  • Divestment of Dansk Bredbånd, a leading broadband service provider to Danish homes, to WAOO!
  • Buy-side advisory services to the runner-up consortium in the 2005 structured auction on TDC.
  • Divestment of NETDESIGN, a leading system integrator of IP-based communication solutions, to TDC.
  • The IPO of Thrane & Thrane, a leading satellite communications company, and a number of the Group’s later acquisitions, including the acquisition of Nera Satcom (EUR 71m).

Media transactions and related technology credentials include the divestment of Esko Artwork, the world’s leading producer of software and hardware for the pre-print industry, to Axcel.

 

Selected references

Divestment of Lessor Group

FIH Partners advised on the divestment of Lessor Group to Paychex, Inc.

Deal value:
Not disclosed

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Altor Fund III' acquisition of Pulse Medtech

FIH Partners advised Altor Fund III (“Altor”) on the acquisition of Pulse Medtech from Technitrol, Inc.

Deal value:
Not disclosed

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Fairness opinion

FIH Partners provided a fairness opinion to the BoD of TDC in connection with share buyback

Deal value:
EUR 2,646 million

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Divestment of Dansk Bredbaand

FIH Partners advised the shareholders of Dansk Bredbaand a/s on the divestment of the company

Deal value:
Not disclosed

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