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.
|DNS:NET Internet Service GmbH||Information technology, media, telecommunications||September 2013|
|inexio KGaA||Information technology, media, telecommunications||May 2013|
|JCK Holding GmbH Textil KG||Consumer goods||January 1992|
|mageba AG||Industrial components||February 2016|
|Novopress KG||Industrial components||June 2015|
|Oechsler AG||Automotive suppliers||March2015|
|Plant Systems & Services PSS GmbH||Industrial services||November 2012|
|Rheinhold & Mahla GmbH||Industrial services||September 2016|
|vitronet Projekte GmbH||Services||June 2017|
KEY FACTS DBAG ECF
|Status||Investment period terminated|
|Start of investment period||2011|
|Committed capital||€213mn, |
thereof €100mn by DBAG
KEY FACTS DBAG ECF FIRST NEW VINTAGE
|Start of investment period||2017|
|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.