Company

More than
400
investments
Around
2.7
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

Christoph Gebhardt
Christoph Gebhardt
Christoph Gebhardt
+49 69 95787-373

Christoph Gebhardt

Managing Director

Christoph Gebhardt joined Deutsche Beteiligungs AG in 2017.

Christoph Gebhardt has eight years of experience in private equity. He began his career at DekaBank, working in the area of strategy and investments.

After completing his training as an investment fund professional, he received a degree in Business Administration from the Frankfurt School of Finance, and also studied at the Universidad Viña del Mar, Chile. Christoph Gebhardt is a CFA Charterholder.

Current portfolio companies

akquinet freiheit.com Fischer TireTech

Former portfolio companies

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.

Current portfolio companies

Firian

Former portfolio companies

Carolin Klosterkamp
Carolin Klosterkamp
Carolin Klosterkamp
+49 69 95787-186

Carolin Klosterkamp

Investment Manager

Carolin Klosterkamp joined Deutsche Beteiligungs AG in 2022.

She started her career in 2019 at Roland Berger, where she worked as a Senior Consultant in Restructuring, Performance, Transaction & Transformation. She has more than four years of experience in private equity.

Carolin Klosterkamp holds a Bachelor of Science in Business Administration and a Master of Science in Management from the University of Mannheim.

Dario Alessandro
Dario Alessandro
Dario Alessandro

Dario Alessandro

Investment Manager

Dario Alessandro joined DBAG Italia in 2022.

Before joining DBAG Italia he worked at Goldman Sachs and Investindustrial as an Associate. Dario Alessandro has five years of experience in the private equity sector.

Dario Alessandro holds a Bachelor of Science in Economics and Management from Luiss University, Rome, and a Master of Science in Finance from Bocconi University, Milan.

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

Linda Hoegener Schinwald
Linda Hoegener Schinwald
Linda Hoegener Schinwald
+49 69 95787-188

Linda Hoegener Schinwald

Managing Director

Linda Hoegener Schinwald joined the Investment Advisory Team of Deutsche Beteiligungs AG in 2014 and was appointed as Managing Director in 2024. Since then, she has been responsible for business development with a focus on intermediary & sponsor coverage, succession situations and family offices.

She has over ten years of experience in the private equity sector and has been involved in numerous company investments and disposals. She gained previous experience in industry, in the portfolio company of a fund and at another investment company.

Linda Hoegener Schinwald holds a degree in mechanical engineering from the Technical University of Munich and an MBA from the Collège des Ingénieurs Paris. She also studied at the Universidad Politécnica de Madrid and at the Nanyang Technological University, Singapore.

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

Thomas Weber

Managing Director

Thomas Weber joined DBAG in 2014 and works in the Business Development department.

Previously, he held positions at PwC, Commerzbank, and Concept Consulting, a mid-sized consulting firm. His responsibilities in Business Development include deal sourcing, managing the DBAG network, and addressing C-level and advisory board-related matters.

Thomas Weber holds a degree in law from Goethe University Frankfurt/Main.

Three questions for Business Development

Our shareholders and the investors in DBAG funds have entrusted us with capital. They expect us to invest these resources in attractive and promising investments. It is therefore crucial for us to maintain a high-quality and sufficiently robust pipeline of potential investment opportunities at all times. This requires a broad range of market activities: from several hundred projects each year, our objective is to successfully complete three to six transactions annually.

Initiating and managing this deal-sourcing process is one of the core responsibilities of Business Development. The team proactively identifies companies of interest to DBAG, with a particular focus on succession situations. At the same time, we also pursue transactions with financial investors and corporate sellers.

In addition, Business Development coordinates our collaboration with investment banks and M&A advisors, which are also an important source of new transactions. Accordingly, maintaining relationships with intermediaries—as well as with market participants and competitors—is a key component of our work.

Another critical success factor in deal sourcing is the expansion and maintenance of our network of industry experts—the so-called Executive Circle. This group primarily consists of former board members and CEOs from the sectors in which DBAG invests. They support our team with their experience, expertise, and networks. To preserve the unique value of this select circle of business leaders, it must continuously evolve—actively shaping this development is also part of our responsibilities.

Furthermore, the Business Development team represents Deutsche Beteiligungs AG at conferences and trade fairs. At these events, we provide insights into our many years of experience in the private equity environment and explain DBAG’s investment strategy. In this way, we sustainably strengthen DBAG’s market outreach 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 Business Development?