bit media e-solutions gmbh has been acquired by the Managing Director and investors

July 2016 — bit group GmbH has sold its subsidiary bit media e-solutions to the company's Managing Director and other private investors, following a broad and well-structured sell-side transaction process. Financial details have not been disclosed.

For more than 20 years, bit group has provided education and training services. bit group started its first company in 1986 in EDP training. In 1993, management training was added, and in 2000 consulting and e-learning were included. A large number of companies and organizations have placed their trust in bit over the years. Bit group is the largest private training provider in Austria, with additional services in consulting, training and implementation. The group has highly qualified employees and has been recognized with international quality certifications.

Our role in the transaction

Oaklins' team in Austria advised the seller in this transaction. The team prepared all transaction documentation and collected non-binding offers in the course of the international market approach via other Oaklins teams. As the interesting investors required a management participation, the current Management Director offered, together with the management an MBO solution, which was finally excepted by the seller.

Oaklins' Austrian team prepared all relevant documentation to finalize the transaction with the Managing Director and his investors. Debt funding was raised with a local bank backed by local and state subsidies.