• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Funds

DBAG closes fund at €242m

  • Cecilia Bergamaschi
  • 14 June 2011
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Deutsche Beteiligungs AG (DBAG) has announced the final close of its DBAG Expansion Capital Fund at €242m.

Launched in August 2010, the fund had a target of €200-250m. The firm considers this close as a "big success”, especially because capital committed to funds in Europe in 2010 hit a trough not seen since 1997.

The fund has a 5+5 structure and at this stage there are no plans for an extension period. Management fees, carry and hurdle were described as industry standard.

DBAG Expansion Capital Fund

  • Closed on:

    €242m

  • Focus:

    Expansion, mid-sized companies

  • Fund manager:

    DBAG

This is DBAG’s first closed-end growth fund. The firm has a long history as a growth investor, but has not made a growth investment in the past 10 years. Previously, DBAG invested money from its balance sheet or from funds sponsored by major shareholders.

In total, Deutsche Beteilingungs has assets of around €450m available for equity capital investment in mid-sized companies. DBAG’s ongoing buyout business will remain unchanged. Its current buyout fund, DBAG Fund V, has made six investments, with its most recent acquisition being the Romaco group. The fund is more than half invested.

Investors
Investors have committed €142m to the fund, while the other €100m comes from DBAG’s balance sheet. Nearly 40% of the commitments came from new backers, including five institutional investors. The remaining capital was committed by six existing investors in the DBAG buyout funds. Sixty percent of the capital comes from Germany – the rest comes primarily from the US and France.

Investments
The vehicle will target mid-sized companies and typically support family-run businesses seeking to finance their growth strategies via capital increases with an equity injection, or to finance borrowings. The fund will make minority investments.

DBAG will continue to focus on companies operating in select core sectors of the industry; namely, industrial service providers that have leading positions in their markets, potential for earnings growth and an entrepreneurially-geared management with an ambitious business plan.

The size of target companies will also remain unchanged – potential investee businesses should generate annual revenues of between €50-500m. Equity capital investments made by the latest fund will range from €10-30m, although there may be exceptions.

People
DBAG, the fund manager, has an investment team of 21 people. Kronstein acted as placement agent and Pöllath + Partner provided legal advice.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Funds
  • Germany

More on Funds

Fund closes in US dollars
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • Funds
  • 05 September 2023
Bettina Curtze of Redalpine
Redalpine expands leadership team amid CHF 1bn-plus fundraise

Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

  • Venture
  • 31 August 2023
Andris K. Berzins of Change Ventures
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds

  • Funds
  • 31 August 2023
Fund launches in euros
Iron Wolf Capital targets EUR 70m for second vehicle

Baltic investor anticipates early 2024 launch and will focus on early-stage AI and deeptech startups

  • Funds
  • 30 August 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013