Ebner Stolz advises Eli Global on their acquisition of Damovo Group

• The North-Ame­ri­can in­ves­tor Eli Glo­bal ac­qui­res Da­movo Group from Oak­ley Ca­pi­tal Pri­vate Equity and Matthew Ri­ley (both Lon­don ba­sed)
• The tran­sac­tion is sub­ject to re­gu­latory ap­pro­val
• Eb­ner Stolz pro­vi­des fi­nan­cial and tax due di­li­gence as well as tax struc­tu­ring and SPA sup­port

Mu­nich, 13^th Sep­tem­ber 2018 – The Ac­coun­ting and Con­sul­ting firm Eb­ner Stolz ad­vi­sed Eli Glo­bal on the ac­qui­si­tion of Da­movo Group (Da­movo HoldCo Li­mited, in­clu­ding its 13 sub­si­dia­ries and the ser­vice cen­ter Da­movo Costa Rica) by pro­vi­ding fi­nan­cial and tax due di­li­gence as well as tax struc­tu­ring and SPA sup­port. Tax Due Di­li­gence and tax struc­tu­ring were de­li­vered with the as­sis­tance of Eb­ner Stolz’s Ne­xia part­ner Smith & Wil­liam­son. The le­gal due di­li­gence and SPA ser­vices were pro­vi­ded by Add­le­shaw God­dard LLP.

Head­quar­te­red in Dur­ham, North Ca­ro­lina in the USA, Eli Glo­bal is wholly ow­ned by its foun­der and em­ployees. For­med in 1991 and ope­ra­ting for over 25 years, Eli is a fe­dera­tion of in­de­pen­dent port­fo­lios com­pri­sing over 100 busi­nes­ses that to­ge­ther em­ploy more than 7,500 bright minds and de­ter­mi­ned en­tre­pre­neurs. Eli’s port­fo­lios ope­rate in 18 coun­tries and over 15 in­dus­tries across the world, in­clu­ding health­care, tech­no­logy, in­surance and fi­nan­cial ser­vices. Eli ac­qui­res for the long term, has ne­ver sold any of its busi­nes­ses and will con­ti­nue to in­vest glo­bally in stable and gro­wing com­pa­nies and their teams.

“Da­movo is well po­si­tio­ned with a strong cu­st­omer fo­cu­sed team to drive si­gni­fi­cant growth and is a great ad­di­tion to our tech­no­logy ser­vices port­fo­lio” said Dave Her­som, CEO of The Pel­ton Group – Eli’s tech­no­logy ori­en­ted di­vi­sion.

Da­movo Group, head­quar­te­red in Du­es­sel­dorf, is a pro­vi­der of Uni­fied Com­mu­ni­ca­tion & Col­la­bo­ra­tion so­lu­ti­ons to large en­ter­pri­ses. Un­der Oak­ley’s ow­nership, Da­movo trans­for­med into a lea­ding spe­cia­list and was able to more than dou­ble its EBITDA since Oak­ley’s in­itial in­vest­ment. The Group ge­ne­ra­tes an­nual re­ve­nues of over EUR 115m, whe­reof around 60% ori­gi­nate from Ger­many, Aus­tria, Po­land and Swit­zer­land.

Carl Mühl­ner, who will be ta­king on the role of Group CEO of Da­movo, said; “I am very happy that Da­movo, as a fast gro­wing com­pany with a strong cul­ture, has found an in­ves­tor where cul­ture and trus­ted re­la­ti­ons­hips  are also con­side­red to be at the he­art of long term busi­ness suc­cess: with our cu­st­omers, our part­ners, and our peo­ple.”

Eb­ner Stolz team: Claus Buh­mann (Part­ner Cor­po­rate Fi­nance, Pro­ject Lead), Alex­an­der Simbürger, Ece Heki­moglu, Fa­bian Mayer (Fi­nan­cial Due Di­li­gence, SPA), Alex­an­der Eu­ch­ner (Part­ner M&A Tax, Lead Tax Due Di­li­gence), An­dreas For­rai, Ja­nine Os­ter­tag (Tax Due Di­li­gence, Tax Struc­tu­ring)

In the course of the Tax Due Di­li­gence and Tax Struc­tu­ring, Eb­ner Stolz col­la­bo­ra­ted with the Lon­don ba­sed Ne­xia part­ner Smith & Wil­liam­son: Matt Watts (Part­ner M&A Tax, Lead Tax Due Di­li­gence and Tax Struc­tu­ring), Chris Ho (Tax Due Di­li­gence and Tax Struc­tu­ring)

Press Contact

Dr. Ul­rike Höreth
Eb­ner Stolz
Kro­nen­straße 30
70174 Stutt­gart
Tel.  +49 711 2049-1371
ul­rike.hoereth@eb­ner­stolz.de

Corporate Contact

Claus Buh­mann
Eb­ner Stolz
Ar­nulf­straße 27
80335 Mu­nich
Tel.  +49 89 549018-251
claus.buh­mann@eb­ner­stolz.de

Alex­an­der Eu­ch­ner
Eb­ner Stolz
Kro­nen­straße 30
70174 Stutt­gart
Tel.  +49 711 2049-1575
alex­an­der.eu­ch­ner@eb­ner­stolz.de

About Ebner Stolz

Eb­ner Stolz is one of the lar­gest in­de­pen­dent mid-si­zed MDP firms in Ger­many and is among the Top Ten in the sec­tor. The firm has de­ca­des of in-depth ex­pe­ri­ence in au­diting, cor­po­rate fi­nance, tax ad­vice, le­gal ad­vice, and cor­po­rate con­sul­ting. With more than 100 em­ployees and cha­rac­te­ri­zed by a mar­ket-lea­ding po­si­tion in the mid-cap tran­sac­tion mar­ket, the sec­tor Cor­po­rate Fi­nance plays a cen­tral role wi­thin Eb­ner Stolz. The Cor­po­rate Fi­nance Team pre­do­mi­nantly ad­vi­ses me­dium-si­zed in­dus­trial en­ter­pri­ses as well as Pri­vate Equity com­pa­nies and Fa­mily Of­fices in the course of na­tio­nal and in­ter­na­tio­nal tran­sac­tions.

Cross-bor­der tran­sac­tions are car­ried out in with part­ners of Ne­xia In­ter­na­tio­nal, one of the world’s top ten net­works of in­de­pen­dent con­sul­ting and au­diting firms. With more than 650 Ne­xia of­fices world­wide Eb­ner Stolz is pre­sent in more than 115 coun­tries.