Company

More than
400
investments
Around
2.6
billion euros assets under management or advisory
More than
60
years of experience

Deutsche Beteiligungs AG is a listed private equity company. A DBAG share thus provides access to a portfolio of unlisted companies and, at the same time, to a successful fund advisory business.

Mid-sized companies form the backbone of the German economy. We feel committed to them. Their business models and markets are what we have been dealing with for decades.

Team

Yasmin Behboudi
Yasmin Behboudi

Yasmin Behboudi

Managing Director

Yasmin Behboudi joined DBAG in 2021 and became Head of Human Resources in 2022.

Before joining DBAG, she was Executive Director in Human Capital Management at Goldman Sachs in Frankfurt/Main. Prior to that, she worked at Jones Lang LaSalle as an HR Advisor and supervised employees in six European countries. Yasmin Behboudi began her career in recruiting specialists and executives at personnel consultancies specialising in the financial industry.

Yasmin Behboudi studied German & Historical Linguistics at Goethe University, Frankfurt/Main.

Erik Yankulin
Erik Yankulin
Erik Yankulin
+49 69 95787-153

Erik Yankulin

Managing Director

Erik Yankulin joined Deutsche Beteiligungs AG in 2025.

He has 14 years of experience in the private equity sector and brings many years of professional experience in investment management. He began his career in Mergers & Acquisitions at Rothschild in Frankfurt/Main. He then worked as a Vice President with One Equity Partners, spending five years in Frankfurt/Main and Hong Kong. Since 2015 he has been working for AGIC Capital as Partner.

Erik Yankulin holds a diploma in Business Administration at the University of Cologne and also studied at the University of North Carolina, USA.

Giovanni Revoltella
Giovanni Revoltella
Giovanni Revoltella
+39 0200 70 246-8

Giovanni Revoltella

Managing Director

Giovanni Revoltella leads DBAG Italia as Managing Director since 2021.

He has 20 years of experience in private equity. He started his career at Lehman Brothers M&A in London and subsequently worked as an investor at Argan Capital, Italy1 Investment SPAC and Capvis.

Giovanni Revoltella obtained a degree in economics from Bocconi University, Milan, and also studied at the University of Cologne. 

Current portfolio companies

MTWH Great Lengths

Former portfolio companies

Kai Wiesenbach
Kai Wiesenbach
Kai Wiesenbach
+49 69 95787-238

Kai Wiesenbach

Managing Director

Kai Wiesenbach joined Deutsche Beteiligungs AG in 2004 and became a Managing Director in 2010.

He holds a degree in Business Administration from Goethe University, Frankfurt/Main.

Kai Wiesenbach can look back on 20 years of experience in private equity. During that time, he gained extensive expertise, particularly in mechanical and plant engineering and the automotive supplier sector. He was involved in numerous acquisitions and realisations, including Coperion, Heim & Haus and Lewa. He led the investment process in Formel D and More than Meals and sits on the advisory council of More than Meals.

Current portfolio companies

Polytech Health & Aesthetics

Former portfolio companies

Our most valuable asset is not found on any balance sheet: creative, motivated and highly qualified people are the key to our success at Deutsche Beteiligungs AG.

Get to know the team

 

 

Our core objective:
Sustainable increase in the company’s value

Learn more about our business model and target system

Investments in well-positioned mid-sized companies with development potential

Learn more about our investment strategy

Funds

Fund business since
1965
13
DBAG funds initiated since foundation
More than
60
fund investors

Sustainability

We assume responsibility for the impact our decisions have on others – now and  in the future. We align our actions and behaviour accordingly in the way we  manage our Company, and especially in the way we carry out the investment process  in (as well as the development and later disposal of) our portfolio companies.  

Learn more about our sustainability strategy

Contact

Thomas Weber
Thomas Weber
Thomas Weber
+49 69 95787-270

Thomas Weber

Managing Director

Thomas Weber joined DBAG in 2014 and is Head of Business Development.

Previously, Thomas Weber served at PwC, Commerzbank and Concept Consulting, a mid-market consultancy firm. In addition to business development, he focused on human resources.

Thomas Weber holds a degree in Law from the Goethe University, Frankfurt.

 

Three questions for Thomas Weber

Our shareholders and the investors in DBAG funds have entrusted capital to us. They expect us to invest it in promising companies. For that reason, it is important that we have, qualitatively and quantitatively, a well-filled pipeline of attractive investment opportunities at all times. That requires an entire range of marketing activities: out of some 300 investment opportunities, transaction ideas or offers, we result four to six corporate investments each year.

Directing this process is one of my key responsibilities. My colleagues on the investment team are frequently working to full capacity on their primary assignment, the accomplishment of transactions. I therefore organise the collaboration with investment banks and M&A consultants and look for platforms for interacting with capital-seeking companies.

Beyond that, I attend to our network of industrial experts, which mostly consists of former board members and CEOs experienced in the sectors we invest in. They support our team by contributing their knowledge. This network needs to change constantly to maintain its effectiveness and I am responsible for steering that transition.

Furthermore, even a private equity company must engage in marketing. The Business Development Manager represents Deutsche Beteiligungs AG at events or fairs and communicates its investment strategy to the market. This allows me to further support DBAG’s market communication and presence.

To us, an industrial expert is someone who, thanks to his or her in-depth knowledge of the industry, backs us in preparing investment decisions and supporting portfolio companies. Industrial experts advise the investment team as it analyses potential investments and they provide support as a strategy is developed for each of the companies. In addition, seats on supervisory boards or advisory councils are often filled by industrial experts.

If you have a proven track record successfully managing a large internationally operating company in one of our relevant sectors and if working entrepreneurially remains appealing to you, then feel free to contact me.

We are known for successful investments in Mittelstand enterprises. In addition to our longstanding market presence from which we have gained extensive experience, we have a focused investment strategy and a high level of transparency. Beyond that, what sets us apart is our proven expertise in Germany’s Mittelstand across various sectors. With individual equity capital solutions ranging from 10 to 200 million euros, we offer a broad spectrum of solutions for mid-sized companies.

We consider ourselves to be strategic partners to our portfolio companies, and it is important for us that we have trusting, reliable relationships with all of a company’s stakeholders.

Do you have questions for Thomas Weber?