Business Transformation Experts
Private Equity | Secondary Capital | Family Offices
We are Business Transformation Experts
Maximizing Your Profitability & Enterprise Value
Over $1.7 Billion in value delivered to clients since 1997
If you are looking to elevate your business value to new heights and maximize your financial returns through increases your Enterprise Value, then look no further than Bull Gemini, your premier partner in Business Transformation.
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We utilize a proven set of methods that are focused on ‘Impact Areas’ in your business, to help transform and position the business to seriously accelerate its revenue growth, market share, profitability, and on exit, its Enterprise Value.
Since 1997, we have delivered over $1.7 Billion in transactions and shareholder value with numerous double-digit money multiple exits and we can help you also to achieve remarkable and extraordinary results..
As hardcore business builders, we are retained under mandate by performance focused CEOs, Shareholders, Family Offices, Private Equity funds and Venture Capital to utilize our unique business transformation expertise and methods to realize enterprise and exit value based on high money multiples.
Contact Bull Gemini today and unlock your business's full enterprise value potential.
Appeared in






Don Levy, Senior Vice President
Commquest Technologies/ IBM Micro-Electronics
We were fortunate to have Nadahl's assistance in executing business development initiatives targeting mobile handset manufacturers.

Andre Deloch, Partner
Heidelberg Capital
"Remarkable results for Snom with sales up, profitability up, inventory down, new business operating systems and procedures with a range of new innovative products."

Diarmuid Glynn, Co-founder
BaseCase GmbH
"Nadahl's assistance has been extremely valuable"
Sample of Transformations
Antibes, France
Complete Transformation, Product Positioning & Branding
Result:
700% Sales Growth & Exit

Centile Summary
This company was one of the first to develop cloud-based VoIP telephone switching technology in 1999, but being ahead of its time, the company faced serious challenges. Under a new owner (ViaOne), the company's positioning, product, sales, and marketing strategies were transformed with focus on a newly named 'ISTRA Platform' emphasizing customer acquisition on a pay as you grow basis with special emphasis on mobile network operators. The company 7x its revenue and is now a prominent player in the cloud-PBX space.
Carlsbad (San Diego), California, USA
Global customer business development
Result:
Business Sale for $400 Million to IBM

Commquest Summary
Commquest was one of the first to develop silicon germanium semiconductor technology for GSM baseband chipsets. They had developed the semiconductor and the reference board design so that handset manufacturers can rapidly design and manufacture GSM handsets. They needed to expand their customer base and the focus of work was on bringing in blue-chip customers with global brand and this resulted in the sale of the company sold to IBM for $400 Million that later sold to Global Foundries.
Hauppague, Long Island, New York, USA
GSM OEM Program
Business Development Program
Result:
Sales Expansion into EMEA

Audiovox Summary
Audiovox Corporation (now Voxx Int'l.) is a New York-based company that specialized in OEM of automotive, consumer electronics and cellular phones. It was rapidly growing through powerful relationships with mobile operators. As the world was shifting from analog to digital cellular, the company was gearing up to start an OEM program with GSM manufacturers which had been identified as Dancall owned by Sir. Alan Sugar and Hagenuk Telecom. This GSM OEM program launched Audiovox in specific markets in Asia, Mi-East and Southeast Europe increasing sales and share value.
Berlin, Germany
Transformation, $4 M Fund Raise
Business Re-organisation
Result:
300% Sales Growth in 2 year
Business Sold for over $7 Million

Basecase Summary
This company is a Berlin startup that focused on Business Intelligence dashboards for the healthcare and pharmaceutical, therapeutic industries. The company needed a complete transformation to redefine its focus, positioning and implementing a business development, marketing and sales process which allowed it to I. acquire new customers and II. raise the necessary VC funds for its operations. All aspects of the transformation being a success allowed it to receive funding from HTGF and IBB. The company sold to Certara of Princeton, NJ.
Jena, Germany
Startup re-organization & positioning as leading travel industry software
Result:
Ready for Exit & Investors

MVolution Summary
This company was founded in 2005 in Jena Germany with a focus on travel companies have developed and deployed mobile applications for major brands in the travel and leisure industry. The company launched a service which consolidates users travel itineraries into one convenient tool and M&A needed expertise to organize the business, work on the monetization model and prepare it for I. market launch and II. VC fundraising round through a series of presentations. The business of Travelload is successful having several thousand of subscribers
Nagoya, Japan & San Diego, CA, USA
North American Launch
OEM Program with Sprint
Result:
$600 Million Sales Increase

Denso Summary
$40 Billion Denso Corporation is the independent technology arm of Toyota and supplier to the global automotive industry. The company had a strategic plan for its Intelligent Transportation Division that included digital cellular technology in W-CDMA. They strategically needed entry into the USA into the mobile industry. We setup of the business development arm in San Diego tied to a sales process and actively made contacts with cellular operators that landed the Sprint OEM program resulting in the successful Touchpoint handset.
Berlin, Germany
Full Transformation,
Repositioning & Business Rescue.
Result:
One of the largest startup complexes in Berlin.

Silicon Allee Summary
This company was established to be a connector and publisher of news about the startup community in Berlin running a news blog, events, hosting moderated discussions and hosting foreign delegations into startup city Berlin. It was partially responsible for putting the focus on Berlin as the European Startup hub and actively promoted this position coining the city Silicon Allee. Now the company runs a startup Campus in the central district of Berlin (Silicon Allee Haus) hosting cafes, entrepreneurs and co-living spaces
Kiel, Germany
Transformtion & Internationalisation
70% Sales Increase to $310 Million in 2 years
Result:
Business Sold for $80 Mil. to IPC Singapore

Hagenuk Summary
Hagenuk was acquired by Manfred Schmitt, the German tech entrepreneur (Esscom, Amiga, Commodore). The company needed a complete transformation (Marketing, Sales & Products). The portfolio was completely redesigned with Frog Design , a complex positioning was enforced and inventions such as the world's first internal cellphone antenna, multi-cell in building wireless and other technologies brought to market with an aggressive international program to raise revenues. The company was sold to IPC of Singapore.
Berlin, Germany
Complete Transformation
Result:
800% Sales Growth Increase in 5 years

Beronet Summary
Beronet was founded by 3 friends and entrepreneurs to distribute VoIP hardware across Germany while in parallel developing their own PCI cards as ISDN to VoIP gateways. Their business needed a full transformation and this took shape in the entire repositioning of the company, its product portfolio, its business development, marketing, lead generation and sales processes. An aggressive plan ensued to I. save and II. grow the business with remarkable results, as Beronet today is one of the leading businesses in All IP Gateway technology.
Prague, Czech Republic
Transformation & M&A
White-label VoIP Apps for Internet Telephone operators
Result:
Business Sold for over $9 Million

Acrobits Summary
Acrobits is a Czech and Swiss-based company which created one of the first and best mobile applications for VoIP. The company was founded by 4 entrepreneurs and needed some experienced advice on entering the enterprise market which resulted in the creation of I. Groundwire and II. white label cloud solution to allow rapid development and deployment of custom label applications for telephone operators. The company is at the forefront of technology and the leading provider of VoIP applications with a No. 1 Global market share with 120 million endpoints.
Berlin, Germany & London, UK
Transformation/ CEO Mandate
Returned to Profitability
Result:
Business Sold for $52 Million

DeTeWe AG Summary
A 120-year-old company under the shareholding of the Roechling family holding. DeTeWe was struggling to maintain itself and specifically in its diverse loss-making business units as well as loss-making core telecommunications hardware business with competing platforms and sales divisions and a massive pension fund liability. The company was transformed and in identifying the profitable business units, they were carved out into 2 new companies and subsequently was in the lead M&A team together with UniCredit M&A and KPMG that sold the companies to AASTRA-Mitel.
Hamburg, Germany
Startup Advisory
German Footballer Marcell Jansen
Result:
'Picue' Ready for Investor Exit

Picue Summary
Hired by the business and legal advisers of German Bundeliga and World Cup footballer Marcell Jansen who is also an entrepreneur.
Details of mandate are under
Non Disclosure Agreement
Cincinnati, OH, USA
Acquisition from Bankruptcy Court
De-listing off NASDAQ
Result:
Management Buyout

Cincinnati Microwave Summary
The company was listed on the NASDAQ as CNMW but in Chapter 11 in Federal Court. The objective was to acquire the semiconductor business and negotiated with the creditors committee, attorneys of the Nasdaq and successfully acquired the assets to continue the development of Direct Sequence Spread Spectrum semiconductors transforming the company to a Fabless Semiconductor company with NEC as its Fab.
Berlin, Germany, - Global
Transformation & CEO Mandate
20% Sales Increase & 40% EBITDA Growth
Result:
Business Sold for 17x Money Multiple
$33 Million

Snom AG Summary
This company was acquired by Heidelberg Capital Private Equity. The mandate was Group CEO. The company underwent a complete global restructure resulting in the transformation of its entire business with new products, new customer and business systems, new positioning, an aggressive marketing, business development and sales processes that saw sales increase, margins increase and the best EBITDA in the entire industry. VTech acquired it returning 17x Money Multiple to Heidelberg Capital https:snom.com

Europe-wide
Board Member / Advisory over Heidelberg Capital Private Equity
Result:
Business Sold at 6 X Money Multiple to EZ Park & Verdane Capital
MobileCity Summary
This company was part of the Heidelberg Capital Private Equity Portfolio of companies. The mandate was 'Board Member' (Beirat) and the board was extremely active in the operations and performance of the business that resulted in its sale to EZ Park, a Verdane Capital company returning 6x Money Multiple to Heidelberg Capital.
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Hemel Hempstead, UK
Transformation to an Engineering Co.
Result:
Business Sold through a MBO

Communio Summary
This company was renamed from DeTeWe UK as one of the leftover subsidiaries of DeTeWe AG following its sale to AASTRA. The company was transformed into a business telecommunications and contact center technical support, field engineering and maintenance company with over 14,500 active contracts with enterprises that included Virgin, British Rail, NHS and other bluechip companies. This company was eventually sold in a Management Buyout and now controlled by 9 Group
Berlin, Germany
Funktel International
Transformation & CEO Mandate
Result:
Indirect Sales Channel grew by 70%
in 2 years

Funktel Summary
This company is over 55 years old and focused on secure a d worker protection communications selling its solutions directly to penitentiaries, courts and the chemical/petrochemicals industries. The company engineers and manufacturers mission critical DECT and TETRA systems and handsets. To grow its operations, it needed to establish an indirect sales operation to recruit distribution and reseller partners across Europe and the mandate focused on a business build of this activity.
Berlin, Germany
Startup, positioning, software development and Business
Result:
Acquired under APA

Autosnip Summary
This company is a startup and positioned as a video response tool to sales enquiries in the automotive dealership sector. It is in the building stages having completed its platform development, integration and mobile application. It is now recruiting and educating dealerships across Germany.
220€ Million Direct to Consumer Fund
-Warsaw Poland-
Foundation, Financial Authority License
Business Build as Interim CEO
Result:
Fully vested D2C E-Commerce Fund
47 Online Brands

Awesome Developers Summary
This company is a software development company based in Berlin and Prague with a primary focus on Systems Integration, API development and Cloud Migration. It undertook several project for our mandates to assist in assuring business success of the clients.
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Warsaw & Wroclaw, Poland
Acquisition
Result:
Rapid Acquisition integration into Zago Capital I Warsaw

Radom, Poland
Transformation Mandate
Result:
Leading Brands in Categories
Acquired by Zago Capital

Noble Health Summary
This company is a creator of health supplements it was completely transformed, the product lineup was completely re-vamped in rational categories, the packaging and the positioning message of 'Premium Wellness' adding a GetSlim online club that promotes wellness and weight-loss. The company sales grew by a factor of 400% in 3 years, is covered across all lifestyle media (magazines and TV), is supported by many celebrities to become the No. brand in Poland.
Hong Kong & Shenzhen China
Start-up video conferencing hardware developer.
Result:
Launch in EMEA

Innotrik/ Core Telesys Summary
This startup is based in Hong Kong and in partnership with Shenzhen Innotrik launches the family of video and audio conferencing terminals to the European and South American markets. The products are positioned for the small to medium enterprises on a budget.
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Suwanee, Georgia
New Automotive Division
Cellular Telephone Program
Result:
$197 Million
In-car Mobile payphone for
Hertz Rent A Car
OKI Telecom Summary
This company was involved in the development and manufacturing of cellular telephones in the 1990s and within the mandate was to assist them identify new opportunities within the automotive sector resulting in work for Mercedes Benz, Chrysler and Hertz Rent A Car.
Hong Kong & Cambridge, UK
Business Transformation
Result:
Business Trade Sale
(under perpetual NDA)

Summary
This company was created and developed for a Taiwanese group in 1999 to provide Wireless Local Loop based on DECT technology to bring telecommunications services to rural villages across the developing world and specifically in India, Indonesia and the Philippines.
Birmingham UK & Berlin, Germany
Carve-out from DeTeWe
Result:
Post-merger closure following the financial crisis of 2008/9

Boomtel Summary
This company was a carve out from the DeTeWe UK operations as it was developing a ubiquitous VoIP network for the global business to business market integrating with telephone switches for free business calling across the world using the traditional phone systems. This was achieved utilizing an internet telephone numbering system. The business was carved out with its relevant employees and closed post merger.

Heidelberg, Germany
Secondary Arm of $24 Billion PE fund HQ Capital. Advisory services on portfolio for Snom & EasyPark
Result:
Successful double digit Money exists
HeiCap Summary
Retained by their portfolio companies Snom Technology AG and Mobile City and active in the M&A processes related to the portfolio companies
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Berlin, Germany
Earlybird Capital (VC)
Moped post merger to 6Wunderkinder
Result:
Now acquired by Microsoft Inc.
Value - Confidential
Moped Labs Summary
This Berlin startup company developed a messaging platform for teams and was funded by Early Bird Capital (Venture Capital) and its operations were merged into another of its portfolio companies 6Wunderkinder that was acquired by Microsoft for above $100 Million.
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Prague, Czech Republic
Transformation and Positioning with sales growth operational structure
Result:
2x Sales Growth into Eastern Europe

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Setting up the positioning and pan-European growth of the leading CRM platform for Pharmaceutical, FMCG and OTC field sales operations with fun integration into back office and business intelligence

Xiamen & Fuzhou, China
Transformation, Positioning of Smart Intercom and Cloud Services
Result:
7x Sales Growth and Positioning through transformation mandate
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Transformation and positioning of now the world leader and powerhouse in cloud powered Smart Intercom & Smart Doorphones with advanced technology in facial recognition and AI growing global distribution and partnerships across the world.

Santa Cruz, CA - USA & Berlin, Germany
New DECT Headset Category
Result:
Launch of wireless DECT headsets for Plantronics utilizing Win.finty technology
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As part of Noble Health, this membership platform was conceived, as the name implies, to help people slim down. This targets mostly women to encourage wellness, healthy diet, exercise and acts as a funnel for online sales of Noble Health supplements, eating plans, recipes, recommended exercises and good healthy life choices.
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