Key FactsSales at entry: ~€14.0m
Sector: Business Services
Deal FactsYear of investment: 2012
Exit year: 2016
Buyer: Lowell Group
Company descriptionTesch is a German debt collection business. The company collects overdue receivables from private debtors for predominantly blue-chip clients out of the i) telecommunication, ii) utility, iii) insurance & banking and iv) retail & eCommerce markets.
Growth caseSince our investment the company has tripled in size as result of the combination of significant organic growth, two add-on acquisitions and three off market portfolio purchases. Moreover, together with new management the company has developed scoring and pricing capabilities to further strengthen the Company’s strategic positioning as this is an integral part of the strategy of many of the potential strategic buyers. The company was successfully sold to strategic buyer GFKL, an European leader in credit receivables management.
Aug 12, 2016
Avedon Capital Partners exits Tesch Inkasso to German strategic buyer after successful buy-and-build
Mar 10, 2016
Avedon backed Tesch Group acquires large debt portfolio
Mar 03, 2016
Avedon backed Tesch Group bolts on mediafinanz
Sep 17, 2015