MCF advises the shareholder of Videodata on the sale of a majority stake to Teltec
Videodata, a leading rental and retail company for professional video and audio equipment in Northern Germany, has been sold to Teltec AG, Germany’s largest distributor of media and AV solutions. Through this transaction, Teltec is strengthening its footprint in Northern Germany and simultaneously developing its online service offering. MCF advised the sole shareholder of Videodata and helped facilitate the transaction through its proven ability to successfully execute bilateral transactions.
The Deal
Teltec has the aim of establishing itself as a pan-European leader in the market for professional video and audio equipment rental by growing its branch network. Hamburg as one of the most important media hubs in Germany had remained one of the white spots on Teltec’s map. In Videodata they found a target that not only allows bridging this gap but one that is also known among its competitors for setting the pace in online retailing.
The Target
Videodata was founded in 1992 by Kay Grätsch as a provider and installer for audio and video equipment. Videodata developed rapidly to become one of the largest retailers and rental companies for professional audio and video equipment in Hamburg. The company focused early on online distribution and today offers the most modern and successful online service for AV professionals.
Client Statement
Kay Grätsch, the CEO of Videodata, said: “With the increasing consolidation in the market, size has become a key factor for future success. Thus, we are very happy to further develop Videodata as part of Teltec in the future. MCF has provided us with valuable support throughout the entire process.”
About Teltec AG
Teltec AG is one of Europe’s largest distributors of professional media and AV solutions. Teltec has been founded more than 25 years ago. Having grown through organic growth and selected M&A activities, it offers today the most comprehensive range of camera equipment, post-production and IT solutions, light and audio equipment in its market.
