Syntra advises LABcom on the partial sale of Lausitzer Mediengruppe

The Lausitzer Mediengruppe is a leading cable network provider in eastern Germany and was founded in 1990 by Bernd Nitzschner as a family business. The business areas at that time included the construction and operation of cable networks, electrical installation, civil engineering and local television. In 1996, Heinz-Peter Labonte joined the Lausitzer Mediengruppe as a shareholder with his cable investment company LABcom GmbH as an investor for cable network expansion in eastern Germany. Today, the Lausitzer Mediengruppe employs more than 70 people in its company. They plan, construct and operate their own and third-party fiber optic, coaxial hybrid networks and broadband radio networks or offer services for them. The number of end customers served by the company and its business partners exceeds 600,000.
  • Transaction: Sale of an investment

Buyer

Adiuva Capital has been supporting medium-sized companies in realizing their goals with capital since 2011. The company primarily invests in medium-sized companies in German-speaking countries and brings its expertise to bear in growth and transition phases.

The acquisition by Adiuva took place via an investment company, which now operates as the holding company of the Lausitzer Mediengruppe under the name Lausitzer Mediengruppe GmbH. N-com GmbH has re-invested in this holding company. The generational change within the family business was also initiated, with Bernd Nitzschner continuing to be available to the Lausitzer Mediengruppe as a senior consultant and advisor, while the next generation, Marco Nitzschner and Daniel Niebuhr, have taken over the management of the holding and group companies of the Lausitzer Mediengruppe.

For Adiuva, the investment in Lausitzer Mediengruppe offers the opportunity to establish itself in the growth market of fiber optic supply in eastern Germany with a well-positioned family business and an outstanding team. As with Adiuva’s four previous investments in telecommunications companies, the aim is to pursue market opportunities through flexible growth strategies, be it organic expansion, buy & build or open access.

 

“As a shareholder of the Lausitzer Mediengruppe and having always been deeply rooted in the telecommunications industry, it was important for me to find a consultant for our project who is both an expert in M&A processes and has know-how and a network in the telecommunications/broadband sector. With Mr. Poppelreuter and his team from Syntra, I have found this consultant.”

Owner

Lausitzer Mediengruppe

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