We are pleased to announce our majority shareholding in Lausitzer Mediengruppe (LMG), a leading telecommunications company in Brandenburg.
The company was founded in 1990 by Bernd Nitzschner as a family business specialising in the construction and operation of cable networks, electrical installations, civil engineering and local television. Today, in addition to planning, constructing and operating its own and third-party fibre optic, coaxial hybrid and broadband radio networks, LMG also offers the associated services from a single source. The number of end customers served by the company and its business partners now exceeds 600,000 households.
With the investment by Adiuva, the cable investment company LABcom GmbH is withdrawing as a shareholder. The Nitzschner family will retain a stake in LMG and, with this transaction, is also initiating a generational change in the family business, which employs more than 70 people: Bernd Nitzschner will continue to be available to LMG as a consultant and advisor, while the next generation, Marco Nitzschner and Daniel Niebuhr, will take over the management of the holding company and the LMG Group companies. “In Adiuva Capital, Lausitzer Mediengruppe has found a strong partner with industry experience for the many opportunities and challenges that the fibre optic and telecommunications market offers today and in the future. We are pleased that an attractive structure has been found with this transaction that safeguards the interests of all shareholders equally,” comments Bernd Nitzschner.
Hauke Lübben, Partner at Adiuva Capital, adds: “The majority stake in Lausitzer Mediengruppe offers Adiuva the opportunity to establish itself with a well-positioned family business and an outstanding team in the rapidly growing market for fibre optic supply in eastern Germany. As with the four previous investments in telecommunications companies, Adiuva will pursue a flexible growth strategy and further expand the market position of the media group through organic expansion, buy & build and open access.”
Adiuva Capital was advised by Grant Thornton (legal), Kuhn & Partner (tax), Acquarium (commercial) and Arkeo Consulting (financial).