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Gilde to sell Walter Services to Odewald & Compagnie, capiton for €300m11/07/2008. Source: AltAssets. 
 Dutch buy-out firm Gilde Buy Out Partners has agreed to sell its majority stake in German customer services company Walter Services to Berlin-based mid-market private equity firms Odewald & Compagnie and capiton. The size of the deal was not disclosed, but sources close to the deal said it was over €300m.
Walter Services' CEO Dr Ralf Kogeler will retain a 26 per cent stake, while management will retain six per cent of the company. Gilde will also remain a minority shareholder.
Walter Services provides sales and marketing assistance, customer service and order processing services to clients in the telecommunication and retail sector. The company has a turnover of €250m and 8,500 employees across 19 locations in four countries.
Gilde Buy-Out Fund acquired the company from the Beisheim family office in June 2006, for an undisclosed amount.
Jens Odewald, founding partner, Odewald & Compagnie, said, 'We see Walter Services as a company with brilliant growth perspectives in Germany and abroad. We see these in the diversification of the customer base as well as in the willingness of Walter Services´ customers to transfer more and more of their customer services to a professional service provider. Walter Services may well go public in a few years.'
Gilde has offices in Utrecht, Paris and Zurich and manages approximately €1.5bn.
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