Network Corporate Finance advised ecotel Communication AG, Düsseldorf, on the preparation for the flotation on the open market of the Frankfurt Stock Exchange.
Transaction
In a public offering, ecotel Communication AG placed 935,000 ordinary shares from a capital increase and admitted its share capital, valued at EUR 3.5 million for trading on the open market of the Frankfurt Stock Exchange. The proceeds from the share placement are being used to strengthen the capital, which will help the company finance the development and expansion of the business activities. Apart from investments in tangible assets and the sales structure, selected shareholdings and acquisitions in particular are planned. The placement was supported by the Baader securities trading bank as syndicate leader and HSBC as designated sponsor.
Issuer
ecotel Communication AG is a network-independent telecommunications company that was founded immediately after the deregulation of the telecommunications market in 1998. The company offers its products and services to small and medium-sized companies in the corporate solutions sector, as well as reseller solutions for telecommunications companies and marketing organisations. By 31.12.2005 the company had handled over 56,100 telecommunications connections for more than 26,000 clients and achieved sales of EUR 34.7 million with an EBIT of EUR 2.2 million.
Key Facts
| Transaction value: | EUR 16,3 million |
| Sector: | Telecommunication |
| Sales: | EUR 34,7 million |
| Employees: | 82 |
| Date: | March 2006 |
The role of Network Corporate Finance
Network Corporate Finance advised the clients on the preparation and implementation of the initial public offering.
