Clearwater International advises HeidelbergCapital Private Equity and the Founder of Snom Technology AG on its sale to VTech Holdings Limited
Clearwater International acted as sole financial adviser to HeidelbergCapital Private Equity and the Founder of Snom Technology AG (Snom) on the sale of 100% share capital of Snom Technology AG to Hong Kong listed VTech Holdings Limited (VTech).
Founded in 1996, Snom is a multinational corporation, headquartered in Berlin, Germany. It was the world’s first, and remains one of the leading brands of professional and enterprise voice over internet protocol (VoIP) telephones. Snom's German engineering is globally renowned for its robust, high-quality and feature-rich business telephones, that are designed exclusively for the trained and certified IT professional and private branch exchange (PBX) installer. All of Snom’s products are universally compatible with leading PBX platforms, operating under the session initiation protocol (SIP) standard, and sold through distributors to value-added resellers (VAR) across the world.
VTech is the global leader in electronic learning products from infancy to preschool, and the world's largest manufacturer of cordless phones. It also provides highly sought-after contract manufacturing services. Founded in 1976, VTech has been a pioneer in the electronic learning toy category, with cutting-edge and innovative products that provide fun learning experiences to children across the world. By leveraging decades of success, VTech provides a diverse collection of telecommunication products that elevate the consumer experience with state-of-the-art technology and retail in over 76 countries. The group is also a leading electronics manufacturing service provider, offering world-class, full turnkey services to customers in a number of product categories.