Skip to content

Allen & Overy advises Charterhouse Capital Partners on the acquisition of the Telio Group

Related people
Huizinga Michiel
Dr Michiel Huizinga

Partner

Frankfurt am Main

View profile →

Hoppe Tobias
Tobias Hoppe

Senior Associate | Innovation Manager Germany

Munich

View profile →

Neubaum Thomas
Thomas Neubaum

Partner

Frankfurt am Main

View profile →

Press contacts

For media enquiries relating to this topic, please contact:

Harald Klett
Harald Klett

Manager PR & Communications

Frankfurt am Main

View profile →

16 June 2021

Allen & Overy has advised Charterhouse Capital Partners on the acquisition of the telecommunications and software company Telio from Deutsche Beteiligungs AG (DBAG). DBAG invests a portion of the sale proceeds and will retain a minority stake in the business. The completion of the transaction is subject to approval by the relevant authorities. In addition, Allen & Overy advises on the unitranche financing which supports the acquisition and further growth of the Telio group.

Telio was founded in Germany in 1998 and is headquartered in Hamburg. The company develops, installs and operates communications and media systems for correctional facilities, thus providing an important contribution to institutional peace and the reintegration of inmates into society. Telio installs telephones and related systems in prisons, allowing inmates to make monitored calls from communal areas or directly from their cells. The company’s product range also comprises digital services as well as proprietary jamming and detection capabilities. Telio meanwhile has more than 200 employees, and its systems are installed at 700 facilities in 21 countries worldwide.

The Allen & Overy team was led by partner Dr Michiel Huizinga (Corporate / Private Equity, Frankfurt) and senior associate Tobias Hoppe (Corporate / Private Equity, Munich). Further and specialist advice was provided by partners Thomas Neubaum (Banking & Finance), Dr Heike Weber (Tax), Dr Udo Olgemöller (Public Law, all Frankfurt), Dr Jens Matthes (IP, Düsseldorf), and Dr Börries Ahrens (Antitrust & Competition, Hamburg), as well as counsels Dr Roman Kasten (Corporate / Private Equity, Frankfurt), Dr Kai Terstiege (Corporate / Private Equity, Munich), Dr Jan-Hendrik Bode (Banking & Finance) and Dr Sebastian Schulz (Employment, both Frankfurt). Furthermore, the team comprised senior associates Dr Marcus Mackensen (Corporate / Private Equity, Hamburg) and Dr Tina Gausling (Data Protection, Munich), and associates Philipp Martin, Laura Reuther (both Corporate / Private Equity, Frankfurt), Linda Mayer (Corporate / Private Equity, Munich), Louisa Drewniok (Banking & Finance), Dr Stephan Bühner (Public Law, both Frankfurt), Anna Kräling (IP, Düsseldorf), Barbara Angene (Employment, Frankfurt), and Dr Philipp Steinhaeuser (Antitrust & Competition, Hamburg), along with teams from other international offices of Allen & Overy, including in Australia, Belgium, France, Hungary, Morocco, the Netherlands, Poland, Spain, the United Arab Emirates, and the United Kingdom.