Baltic Partners acted as exclusive financial advisor in the process of acquisition of a minority stake in Tekpoint GmbH
22 November 2018, Vienna – Tekpoint GmbH and its private shareholders signed the Investment Agreement along with the Shareholders’ Agreement resulting in sale of a minority stake to private investors.
Baltic Partners advised private investors in all stages of the transaction, including analysis of the business plan, business valuation, term sheet negotiation, deal structuring, coordinating financial tax & legal due diligence, negotiating Investment Agreement and Shareholders’ Agreement.
Tekpoint GmbH is an international reseller/distributor of mobile phones and consumer electronics based in Vienna, Austria with subsidiaries in Germany, Italy, Czech Republic and Poland. In 2017 consolidated Sales of the group were around 168 million euro.
Investment from private shareholders will allow Tekpoint GmbH to strengthen its balance sheet and significantly expand its business, including cooperation with key suppliers such as Xiaomi (China).
From Baltic Partners side the transaction was led by Valeri Kulitski (Managing Partner) and supported by Volodymyr Tylnyi (Senior Associate). Financial and tax due diligence was performed by BDO (Austria) and legal due diligence and transaction documentation was performed by Binder Grösswang lawyers.