Clifford Chance has advised Chequers Capital, a European financial investor based in Paris (France), on the sale of DTK Deutsche Telekabel Group, Frankfurt am Main (Germany), to PrimaCom, Leipzig (Germany). The transaction is subject to the approval by the clearance authorities.

Chequers Capital owns a majority stake in DTK Deutsche Telekabel's parent company ACN Telekabel Holding GmbH.

DTK is one of the largest independent network infrastructure providers in Germany that operates and builds interactive broadband cable systems. In addition to radio and television services, the firm also provides high-speed internet, telephone services and mobile communications products.

PrimaCom has been active as a cable network operator in the multimedia and telecommunication market since 1998.

The Clifford Chance team was led by partner Burc Hesse (Corporate/Private Equity, Munich) and comprised counsel Joachim Hasselbach (Corporate/Private Equity, Frankfurt), associate Regina Goebel (Corporate/Private Equity, Munich), partner Dr. Uwe Schimmelschmidt (Tax, Frankfurt), counsel Cord von Mandelsloh (Tax, Düsseldorf), counsel Albrecht von Graevenitz (Corporate/Antitrust, Frankfurt) and partner Thomas Weitkamp (Banking & Capital Markets, Munich) as well as lawyers from Clifford Chance's Luxembourg office.

A team led by Burc Hesse has regularly advised Chequers Capital on transactions in the past, including its acquisition of special-care home operator Silver Care Holding, Cordenka Group and Versatel Kabel, its acquisition of a majority stake in the power tools manufacturer Metabo, and most recently its acquisition of Deutsche Fachpflege Holding.