DBAG Fund VIII

DBAG Fund VIII invests in mid-market companies with an enterprise value of approximately 75 to 250 million euros. It invests directly in equity, equity-like and comparable instruments with equity-like returns. The equity capital investments per investee business generally range from 40 to 100 million euros. In individual instances, DBAG Fund VIII is also able to structure transactions, in which the enterprise value exceeds this range and which require equity capital investments of up to 220 million euros. For these purposes, the fund consists of two sub-funds. Of the fund’s total assets of 1,109 million euros, 199 million euros are attributable to a top-up fund, which can be used for these larger transactions.

The fund primarily seeks to invest in companies headquartered or having significant business relationships in Germany or other German-speaking countries. Its focus is on majority investments (management buyouts).

With assets of 1,109 million euros, DBAG Fund VIII – like its predecessor DBAG Fund VII – is one of the largest private equity funds for investment in the German-speaking Mittelstand.

Portfolio

Company Sector Acquired Realised
MTWH Industry and industrial technology June 2022  
in-tech IT services & software March 2022  
freiheit.com IT services & software January 2022  
Dantherm Industry and industrial technology November 2021  
congatec Industry and industrial technology October 2020  
Fire Industrial services September 2020  
Deutsche Giga Access Broadband/telecommunications September 2020  

Key Facts DBAG Fund VIII

Status Active
Start of investment period August 2020
Committed capital €1,109mn,
thereof €255mn by DBAG