Deutsche Beteiligungs AG (DBAG) has acquired Heytex Bramsche, a German manufacturer of print media and technical textiles, in an SBO from NORD Holding.
DBAG bought a 19% stake in the business for €6.6m, alongside investment from its DBAG Fund V and the management. DBAG usually co-invests alongside its fund from a €100m vehicle on a fixed 1:4 ratio....
Double closings are first vehicles raised by fund-of-funds since 2013
Paladin also participated in the round to support the company’s US expansion
Exit is first for GP’s second fund and comes eight years after investing in PDP
Deal sees firm reap combined €96.3m in proceeds and 1.3x exit multiple