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.