MBCF is pleased to announce the sale of the shares in Telco Accessories B.V. and its subsidiaries to private equity firm Holland Venture
The Company was founded in 2008 as A-Solar B.V. (“A-Solar”) by Mr Ralph Both. From the start, the Company focused on providing energy and charging solutions for mobile devices under the brand name Xtorm. The Company’s product portfolio includes a range of innovative and high-quality mobile charging solutions, among which power banks, solar chargers, cables and power home solutions. After several years of impressive growth, Xtorm has grown into a leading supplier of energy and charging solutions for mobile devices with products sold in over 30 countries worldwide.
In 2014, Mr Ralph Both joined forces with the Dutch private equity firm Nedvest, in order to facilitate the Company’s next phase of (international) growth. As part of the strategy of international expansion and ambition to become an international ‘house of brands’, A-Solar acquired Gecko Covers in 2015. Gecko Covers is a designer and supplier of high quality handmade cases, covers and sleeves for mobile devices. After the transaction both companies merged into the single entity Telco Accessories, with both brands being preserved. The Company has consistently shown impressive growth rates, based on a strong dedication to sales, product development and customer intimacy.
With this new financial and strategic support, Telco will have the means to engage its ambitious growth project to become an international ‘house of brands’, among others through the introduction of new innovative products and further deployment of the buy-and-build strategy.
Mr Both, CEO of Telco Accessories states: “With the support of Holland Venture we can continue on the growth path we started with Nedvest and build further on the house of brands with Telco Accessories. We will focus together on new markets and technologically driven mobile products to make your life easier.”
MBCF initiated discussions and negotiations with a range of potential strategic and financial buyers in a process that ultimately resulted in a successful transaction with Dutch private equity firm Holland Venture and the Company’s management. The transaction was closed on the 30th of November 2017.
MBCF is a reputable middle market investment banking boutique providing merger and acquisition advisory services to large corporates, family-owned businesses and private equity investors. MBCF provides a broad range of services including sale advisory, acquisition advisory, capital raising, and valuation services. The firm has dedicated sector teams in the HR services, software & IT services, professional services, and industrials sectors. MBCF is the founding partner of Corporate Finance International, the cross-border M&A specialist group with more than 200 investment banking professionals in 23 countries on 4 continents.