VR Equitypartner has acquired a majority stake in Darmstadt-headquartered auto services business APZ Auto-Pflege-Zentrum from TÜV SÜD, a Munich-based business that provides car inspection and product certification services.
CIC is also fundraising for CIC Mezzanine & Unitranche 5, which launched in September and held a first closing on €150m
Round is one of the largest venture capital deals in Germany this year
Berthoux and Desmottes join as operating partners, while Philips becomes a strategic partner
Vitrulan has acquired the business for its broader product range and to expand internationally