DTK

DTK, founded in 1976, was a pan-regional German network level 4 broadband TV cable operator with significant own level 3 infrastructure, serving approximately 300,000 households as an established partner to large housing associations. The services portfolio included analogue and digital cable television, single telephone and internet access to bundled broadband offerings (e.g. triple-play including digital TV).

Formerly a 100% owned subsidiary of Versatel, one of Germany‘s leading listed telecommunication groups, DTK was acquired by Chequers in a complex carve-out transaction alongside its leadership team.

Value creation

Chequers supported value creation through a series of add-on acquisitions in various regions of Germany. The company was sold in a trade sale to Primacom, a regional competitor in the eastern part of Germany in 2014.

Investment year
2010
Turnover at acquisition
€0-100m
Type of operation
Carve-Out
Business sector
IT Services
Country
Germany