DBAG acquires portfolio from AlpInvest

DBAG has acquired the interests via a €23.3m portfolio purchase from AlpInvest, a Dutch asset manager. 

DBAG secured a 19% stake in German tool systems developer and manufacturer Novopress, while the DBAG ECF vehicle will hold 21%.

DBAG and its ECF vehicle have also raised their investment in JCK, a trading company for textiles and sportswear, to 12.4%. DBAG was previously invested with a 3.6% stake and has now raised this to 9.5%. ECF secured a 6.5% stake.

Companies
Founded in 1969, Novopress is a tool systems developer and manufacturer based in Neuss, Germany. JCK is based in Quakenbrück and generated revenues of €583m in 2014. It operates a number of companies distributing textiles, sportswear and other products. 

People
Rold Scheffels is a member of the DBAG management board. Sven Meyer and Gert Rieger are managing directors of Novopress.

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• Topics
• DACH
• Industrials
• Expansion
• Germany
• Deutsche Beteiligungs AG