Deals round-up – PRIVATE EQUITY: Triton and PRICOA snap up Datentechnik

Datentechnik, the data transmission services division of Siemens, was acquired in late May by Triton Partners for an undisclosed sum. Management took a minority equity stake in the deal, which was supported by a EURO22 million mezzanine tranche from PRICOA Capital Group.

Datentechnik is a market leader in Germany and Austria in digital subscriber line technology (DSL) for local loop applications, which offers fast Internet connection and high-speed data transmission. Headquartered in Vienna, the company has operations in Germany, the Netherlands, Italy, Switzerland and Eastern Europe; it generated revenues of EURO55 million in 1999 from telephone carriers including Deutsche Telekom. The local loop market remains highly fragmented in several European countries, presenting a significant opportunity for Datentechnik. PRICOA Capital’s managing partner, Bruno Wanske, says: “Datentechnik is well positioned to increase its services and products to international customers – given its operations in the majority of the key European telecoms markets in both Central Europe and the growth markets of Eastern Europe”. He also observes that the company “would provide a good platform for add-on acquisitions” – a field where PRICOA has enjoyed considerable success in the past.