ox8 Corporate Finance acted as the exclusive sell-side M&A adviser to the shareholders of TeraVolt GmbH (“TeraVolt“) on the majority sale to Qvest Group GmbH (“Qvest“).
Since the company was founded in 2007 by Oliver Koch and Tobias Fröhlich, TeraVolt has been developing customized digital media products for various clients in the media and entertainment sector. The range of products and services includes individual solutions, from market-specific consulting to the conception of electrifying product visions and technical implementation.
Internationally established media providers such as ARD, ZDF, RTL, Deutsche Telekom, Sky, Deutsche Fussball Liga GmbH (DFL) as well as Red Bull Media House and Vodafone are among TeraVolt’s long-standing customers. Especially, TeraVolt’s independently developed SaaS solution TVXRAY, which has already won several awards, enjoys great popularity in the digital-focused TV world.
Peter Nöthen, CEO of Qvest Group GmbH, stated: “The TeraVolt team has established itself as OTT specialists in recent years and has won over numerous customers from the sports, media and entertainment sectors with products such as TVXRAY. This range of services and the key expertise in the OTT sector provide a targeted reinforcement for our portfolio and make TeraVolt the ‘perfect fit’ for Qvest.”
Tobias Künkel, CEO of TeraVolt GmbH, says: “We are proud that TeraVolt has become a leading OTT solution provider for the TV industry. Our expertise perfectly complements the extensive capabilities of the Qvest Group. As an integral part of Qvest, together we are now able to provide even more all-embracing support to customers worldwide to make the most of the tremendous opportunities of digital transformation.”
Tobias Fröhlich, Co-Founder and CPO of TeraVolt GmbH, adds: “ox8 advised us through every phase of the project in a highly competent manner and, above all, in a spirit of partnership. We were particularly enthusiastic about the stakeholder management: at least we as founders probably only do such a deal once in a lifetime. The ox8 team always had an open ear, and after the deal all parties feel like winners. Thank you ox8!”
About TeraVolt (www.teravolt.tv)
TeraVolt GmbH is a solution provider for digital media products and consulting based in Hamburg with a team of around 50 experts in the areas of product, strategy and technology. The company specializes in developing outstanding new TV experiences and product lighthouses together with international clients and producing the best OTT solutions for them – from the initial idea to innovative products in operational use.
About Qvest (www.qvest.com)
Qvest advises and supports organizations and companies worldwide on the requirements in the context of Digital Transformation and is a leading global system architect, ICT integrator and developer of software products in the innovation-driven media and digital industry. The company’s range of services is focused on the opportunities arising from an increasingly digital media value chain, such as multi-platform content delivery, artificial intelligence, data analytics, multi-cloud management and IP infrastructures. In addition to its headquarters in Cologne, the globally networked Qvest Group maintains further locations in Europe, the USA, the Middle East, Southeast Asia and Australia.
About ox8 Corporate Finance (www.ox8-cf.com)
ox8 Corporate Finance is an independent corporate finance boutique founded in 2018 by experienced M&A specialists. Corporate finance advisory services are offered with a focus on M&A as well as Growth Capital in the Software/ Saas, Digital Commerce, Technology/ IT services and Healthcare sectors. The team has an excellent international network to financial investors and strategic buyers. ox8 Corporate Finance has offices in Frankfurt am Main and Aschaffenburg.