Houlihan Lokey Advises TXO Group

Houlihan Lokey is pleased to announce that TXO Group, a portfolio company of TowerBrook Capital Partners and leading provider of end-to-end circular telecom network solutions, has acquired TEQPORT, a tech-enabled network service provider with asset recovery and decommissioning expertise, further expanding its circular economy decommissioning and network solutions offering in Germany.

With the addition of TEQPORT, TXO will continue helping telecoms achieve their circular economy vision by maximising their environmental and financial benefits and extending the lifecycle of telecom networks globally. These services help operators streamline their infrastructure, leading to cost savings and an overall improvement in the quality of the network.

This is another significant expansion for TXO, with the company announcing the addition of Lynx UK Ltd., a specialist network decommissioning and engineering solutions provider, in December. The acquisition of TEQPORT forms part of TXO’s global strategy to be the leading circular economy service partner for network operators and OEMs, both organically and through strategic acquisitions.

Darren Pearce, Group CEO of TXO, said: “Combining with TEQPORT in Germany and joining forces with Sebastian Neubeck and his leadership team show TXO is getting bigger, bolder, and better as it prepares to take on 2024. We aim to become the premier circular economy services provider for the global telecoms industry. Alongside the acquisition of Lynk UK and several additions to our leadership team at the end of last year, this move shows that TXO is taking its vision for the circular economy in global telecoms up a gear.”

Sebastien Neubeck, Co-Founder and CEO of TEQPORT, will lead the growth of the combined German operation. He added: “By becoming part of the TXO family, the TEQPORT team will continue to support businesses with vital equipment recovery, decommissioning, and recycling services. We’ve had significant success in doing this with our proprietary project management and service delivery software, Reversys, and under the TXO banner, we will push towards our shared goal of driving a more cost-efficient and environmentally friendly telecoms industry.”

With the strong TEQPORT team joining the TXO Group, TXO will be better positioned to serve the global telecoms industry, with a physical presence in Europe, North America, South America, Africa, and Australia. Alongside this and the newly added Lynk UK team, TXO’s team of global specialists has now grown to 365 across five continents. The expansion particularly enhances TXO’s offerings in the UK and Europe, reinforcing its commitment to serving the region’s tier-one mobile and fixed operators.

Houlihan Lokey acted as exclusive buyside advisor to TXO and TowerBrook on their acquisition of TEQPORT and assisted in structuring and negotiating the transaction. This deal marks another essential milestone in Houlihan Lokey’s circular tech and IT services expertise, strengthening its positioning as a leading M&A advisor in the space.