Cologne – TXO, a portfolio company of private equity investor TowerBrook Capital Partners, has acquired all shares in Teqport Services GmbH, based in Solingen (North-Rhine Westfalia/Germany). Teqport Services is a leading tech-enabled network service provider in the field of asset recovery management and specialises in network decommissioning and rationalisation. Its customer portfolio includes major infrastructure companies in Europe, particularly in the telecommunications sector. TXO is a circular economy services provider for the global telecommunications industry. This is the latest in a series of moves from TXO to grow its offering and expand globally. The acquisition of Teqport Services forms part of TXO’s global strategy to be the leading circular economy service partner for network operators both organically and through strategic acquisitions.
All parties involved have agreed not to disclose details of the transaction.
A CMS team led by lead partner Dr Malte Bruhns and Ole Weyand provided comprehensive legal advice to TXO and TowerBrook in the course of the transaction. This included in particular the drafting and negotiation of the transaction documents. The CMS team also advised on the closing of the transaction which took place in December 2023.
CMS Germany
Dr Malte Bruhns, Lead Partner
Laura Christin Stein, Partner
Ole Weyand, Senior Associate
Philipp Knopp, Senior Associate
Dr Henrik Meurer, Associate, all Corporate/M&A
Kai Neuhaus, Partner
Kirsten Baubkus-Gerard, Senior Associate, both Antitrust, Competition & Trade
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