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DBAG ECF

DBAG ECF invests primarily in minority positions in mid-market family-owned businesses. The fund can also make majority investments in the form of management buyouts. The enterprise value of target companies ranges from 30 to 250 million euros. The fund invests directly in equity, equity-like and comparable instruments with equity-like returns. The equity capital investments per investee business generally range between 10 and 30 million euros.

The fund primarily seeks to invest in companies headquartered or having significant business relationships in Germany or other German-speaking countries.

Since the investors renew their capital commitments every two years, a new vintage starts every two years and the fund can thus commit to investments with a term of about ten years.

PORTFOLIO

CompanySectorAcquiredRealised
DNS:NET Internet Service GmbHInformation technology, media, telecommunicationsSeptember 2013
inexio KGaAInformation technology, media, telecommunicationsMay 2013
JCK Holding GmbH Textil KGConsumer goodsJanuary 1992
mageba AGIndustrial componentsFebruary 2016
Novopress KGIndustrial componentsJune 2015
Oechsler AGAutomotive suppliersMarch2015
Plant Systems & Services PSS GmbHIndustrial servicesNovember 2012
Rheinhold & Mahla GmbHIndustrial servicesSeptember 2016
vitronet Projekte GmbHServicesJune 2017

KEY FACTS DBAG ECF

StatusInvestment period terminated
Start of investment period2011
Committed capital€213mn,
thereof €100mn by DBAG

KEY FACTS DBAG ECF FIRST NEW VINTAGE

Statusactive
Start of investment period2017
Committed capital€85mn,
thereof €35mn by DBAG

DBAG ECF’s new vintage runs from June 2017 to December 2018; after that, further two-year vintages are projected. The capital committed currently of 85 million euros corresponds to a fund size of approximately 270 million euros relative to a five-year investment period.