Oakley Capital Corporate Finance (‘Oakley’), the independent corporate finance firm offering expert specialist advice across the TMT sector, is acting as financial adviser to LSE main market listed Sepura PLC (‘Sepura’), a leading global provider of critical communications solutions, on its proposed acquisition of the entire issued share capital of Teltronic S.A.U. (‘Teltronic’) for €127.5 million. Based in Zaragoza, Spain, Teltronic provides complete wireless voice and data communications solutions, operating in over 50 countries serving customers based primarily in Latin America, North America and the EMEA region.
Teltronic generated revenue of €62.9 million and adjusted operating profit of €8.4 million for the year ended 31 December 2014, giving a 13.4% adjusted operating profit margin. This represented 29.7% and 59.7% year-on-year growth for revenue and adjusted operating profit respectively over the year ended 31 December 2013.
The transaction, which constitutes a Class 1 transaction under the Listing Rules, is to be financed by a fully underwritten firm placing and placing and open offer with combined gross proceeds of £60.5 million and the partial draw down of new debt facilities of €120 million. The transaction is conditional upon shareholder approval at a General Meeting to be held on 22 May 2015.
The Oakley team is led by Chris Godsmark, Partner, and James Chapman-Andrews, Director, and includes Christian Maher, Partner and Marc Jones, Marc Horn and Victoria Boxall, all Senior Associates.
Chris Godsmark, Oakley Partner, commented:
‘The signing of this transaction is a significant milestone for Sepura and is a further demonstration of OCCF’s strong partnership with Sepura over the last 4 years. This was a highly complex deal involving a Class 1 cross border acquisition, equity raise and a three bank club providing the debt. OCCF was involved in all aspects of the deal from origination to execution.’
Since late 2007, Oakley has completed around 60 transactions with a total enterprise value of more than £5 billion.
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Oakley Capital Corporate Finance ist Financial Advisor bei Erwerb von Teltronic durch Sepura PLC
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