Q Advisors Represents STARFACE Group, a Maxburg Portfolio Company, in its Acquisition by Gamma Communications

With all required conditions met, the transaction is complete and represents a critical milestone in Gamma's growth in the German cloud communications market.

LONDON, UK - February 20, 2025 - Gamma Communications plc (“Gamma”), a leading provider of technology-enabled communications services across Europe, is pleased to confirm that regulatory approval for the acquisition of STARFACE Group GmbH has now been received.

With all required conditions met, the transaction is complete and represents a critical milestone in Gamma's growth in the German cloud communications market. This acquisition strengthens our position as market leader and brings our total number of cloud seats in Germany to over 500,000.

This acquisition consolidates Gamma's position as a leading challenger to the established telecommunications providers in Germany and enables small and medium-sized companies to benefit from the innovative communications solutions of STARFACE's robust partner network.

Andrew Belshaw, CEO of Gamma, commented:
“We are delighted to have completed the acquisition of STARFACE. This marks the start of an exciting new chapter that will enable us to accelerate the adoption of cloud technologies and innovation in the DACH region. We look forward to working closely with our new colleagues, partners and customers to drive the future of cloud communications in Europe.”

Further updates will follow as Gamma and STARFACE work together to further enhance their combined offering and continue to deliver best-in-class cloud communications solutions in Europe.

Up until closing, STARFACE Group was a portfolio company of Maxburg Capital Partners, a leading private equity fund focusing on founder-led technology companies in the German speaking region.

Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to STARFACE and its stockholders in connection with this transaction.

"Q Advisors earned our trust after our initial successful transaction with Maxburg so when it came to choosing an advisor again to assist with our exit they were at the top of the list. We are pleased with the outcome and excited to work with Gamma to capture a significant share of the German cloud market. The Q team in Munich and Denver helped us navigate this cross border deal and kept all stakeholders interest top of mind.” - Florian Buzin, CEO & Founder, STARFACE

About Gamma

Gamma is a leading provider of technology-based communication services across Europe. Gamma is admitted to trading on AIM and employs approximately 2,000 people. Offering a range of Unified Communications, mobile, security and connectivity services, Gamma provides robust and secure end-to-end business communication solutions, enabling organizations to communicate, collaborate and offer a better customer experience.

Gamma’s vision is for a better-connected world in which it can work smarter for the benefit of business, people, and the planet. Its primary market is the UK, where it delivers network-based services to SME, Public Sector, and Enterprise markets through its extensive network of trusted channel partners and direct sales and support capabilities. Expanding its presence in Europe, Gamma is continuing to grow its group of businesses focused on digital transformation by delivering services to customers via a network of channel partners in Germany, Spain, and the Benelux region.

For more information about Gamma and its comprehensive range of products and services, please visit gammagroup.co.

About STARFACE Group

The STARFACE Group unites highly specialised and successful telecommunication companies, combining their expertise, vision, and skills to revolutionise business communications. The group includes STARFACE GmbH, estos GmbH, and vio:networks GmbH, working together to make communication for organisations of all sizes better, faster, more efficient, and more user-friendly. They develop innovative products and solutions that operate seamlessly across all major devices and operating systems, enabling true unified communications. Headquartered in Karlsruhe, South West Germany, the business has additional offices in Munich and Starnberg and employs around 260 people.

For more information about STARFACE please visit starface.group.

About Maxburg

Maxburg is a Munich based private equity fund with capital commitments of more than €1bn. Maxburg supports and invests in exceptional DACH region businesses built and led by strong founders mostly focusing on software and IT, services and consumable products (B2B and B2C). STARFACE is Maxburg’ s fourth exit in the software space after having successfully invested in Maltego, KGS and Tenado.

For more information about Maxburg please visit maxburg.com/en/.

About Q Advisors

Q Advisors was formed in 2001 as a leading global investment bank serving public and private companies, PE firms, entrepreneurs and large multi-nationals in the telecom, media, and technology (TMT) sectors. Our team of professionals, located in Denver and Munich, possesses an extensive global reach, while also providing the personalized service of a boutique advisory firm. We are uniquely suited as a long-term partner in navigating a path to dynamic financial and strategic growth as we work to bring our clients best-in-class, independent advice by combining a level of commitment, operational understanding, and industry knowledge that is unmatched in the investment banking industry.