Allen & Overy LLP has advised DBAG Fund VI, a fund advised by Deutsche Beteiligungs AG (DBAG), on the unitranche and super senior revolving credit facility financing in connection with the acquisition of a majority share in the Telio group from the previous owners in a management buyout. The parties have agreed not to disclose the financing volume.
Telio develops, installs and operates prison communication and media systems.
 
The Allen & Overy team comprised partner Thomas Neubaum, counsel Dr Mark Hallett and senior associate Patrick Reuter (all Banking, Frankfurt) as well as teams from Allen & Overy offices in Amsterdam, Brussels, Luxembourg, and Paris.
 
DBAG was advised in-house by Florian Döring (Head of legal).
 
Allen & Overy already advised DBAG on the acquisition of Telio group at the end of 2015 with Dr Michael Bernhardt and Dr Markus Käpplinger in the transaction lead.