DBAG buys Dieter Braun from Seafort

As part of the deal, the management team will retain a minority stake. The company aims to use the capital injection to boost its production capacity and expand its business across the e-mobility segment.

The deal marks the 11th investment for the DBAG VI fund, which will be 86% invested following the transaction. According to a statement, this was the last addition to the vehicle's portfolio and the GP will use the remaining commitments to boost its portfolio companies' growth and finance add-on acquisitions.

The GP will now start the investment phase for DBAG Fund VII, which closed on €1bn in September 2016.

Previous funding
Seafort acquired a majority stake in the company in November 2013 via Seafort Advisers I, from Auctus Capital Partners.

According to unquote" data, Auctus acquired its majority stake in the business in May 2008 from the family owner, which retained a minority stake as part of the transaction.

Company
Established in 1993, Dieter Braun produces cable assembly and lighting for the automotive industry. Headquartered in Bayreuth, the company also has production facilities in Czech Republic, Ukraine, Mexico and China.

According to a statement, the business posted a turnover of €77m in 2016 and employs a staff of 1,500.

People
Deutsche Beteiligungs AG – Rolf Scheffels (member of management board).
Dieter Braun – Torsten Alex (chair).

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• Topics
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• Secondary buyout