Network Corporate Finance advised the listed company arxes NCC AG on the voluntary, public takeover bid made by NDO Services B.V. to the shareholders of arxes NCC AG.
Transaction
NDO Services B.V., Bussum/Netherlands, has purchased 73.9% of the outstanding shares from the shareholders of arxes NCC AG, Cologne in the course of a voluntary, public takeover bid. NDO Services B.V. is a fund acquisition business managed by Waterland Private Equity Investments B.V. Waterland Private Equity Investments is an international, independent private equity investment company with its headquarters in the Netherlands.
Target Company
arxes NCC AG provides IT services from consultation and planning to implementation through to operation of client / server and network systems, as well as computer centres. In previous years, arxes NCC AG has developed primarily as an IT service provider for complex infrastructure projects and IT outsourcing - focusing on medium-sized companies. With 8 sites and 8 service centres in Germany, and with a total of 513 employees, arxes NCC AG and its subsidiaries achieved sales of EUR 47 million in the financial year 2003/04.
Key Facts
| Transaction value: | EUR 23 million |
| Sector: | IT services |
| Sales: | EUR 47 million |
| Employees: | 513 |
| Date: | December 2005 |
The role of Network Corporate Finance
Network Corporate Finance advised the clients in discussions with the investor on the structuring and implementation of the transaction.
