Entrea Capital conducted a fairness opinion for Telelink

Entrea Capital conducted a fairness opinion for Telelink

Entrea Capital conducted a fairness opinion for Telelink

Client: Telelink
Status: Private
Sector: IT Services
Revenue: € 76 mln
Web: www.telelink.com

Client: Telelink

  • Telelink is a leading system integration company in South-East Europe with a proven track record in some of the biggest ICT projects in the region
  • Telelink’s core business lines include wireless networks (turnkey implementation and optimization of wireless network infrastructure), system integration (integration of equipment and software into public and private communication networks and data centers), and intelligent facilities
  • The Company’s operational head office is located in Bulgaria and it operates across 8 markets in the CEE region


Situation Overview & Solution

  • Telelink was fast becoming a regional leader through a growth strategy based on targeted acquisitions and seamless follow-on integration of smaller competitors in the CEE markets
  • The Company was in the process of raising acquisition financing from a leading local banking institution and needed independent valuation of its equity capital as a condition subsequent
  • Telelink approached Entrea Capital in its capacity as a corporate finance service provider and requested a fairness opinion to be conducted


Entrea Capital’s Role and Value Added

  • Entrea Capital was engaged to carry out independent valuation of the equity capital of Telelink, taking into account the financial results of all subsidiaries within the Telelink Group of companies
  • The valuation combined several widely accepted approaches such as discounted cash flows, comparable trading companies and comparable industry transactions
  • Using the valuation report prepared by Entrea Capita, Telelink was able to meet the requirements for the newly raised financing and continue the execution of its regional expansion strategy