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DBAG FUND IV

DBAG Fund IV was the first closed-end fund raised by DBAG that was geared to the practices common to the private equity industry (management fees based on committed capital, carried interest by the investment team). For the first time, the fund included external investors who had not previously belonged to the group of partners or shareholders of DBAG and its predecessor companies.

The fund acquired investments in ten mid-market companies from October 2002 to February 2007. The investments were structured as management buyouts. They have all been realised. All of the companies were headquartered in Germany. Four portfolio companies operated in mechanical and plant engineering, three were automotive suppliers. The portfolio also included an industrial services provider, in addition to a building supplier and a speciality chemical company.

PORTFOLIO

CompanySectorAcquiredRealised
Aksys GmbHAutomotive suppliersOctober 2002October 2008
Babcock Borsig Service GmbHIndustrial servicesDecember 2003November 2005
Clyde-Bergemann-GruppeMechanical and plant engineeringJune 2005April 2016
Coveright Surfaces GmbHIndustrial componentsJune 2003January 2013
Heim & Haus GmbHBuilding suppliers and constructionOctober 2006May 2011
Homag Group AGMechanical and plant engineeringFebruary 2007October 2014
HT Engineering GmbHMechanical and plant engineeringOctober 2002June 2006
Lewa GmbHMechanical and plant engineeringSeptember 2005August 2009
Otto Sauer Achsenfabrik GmbHAutomotive suppliersApril 2004March 2006
Preh GmbHAutomotive suppliersNovember 2003December 2012

KEY FACTS DBAG FUND IV

Statusrealised
Start of investment period2001
Committed capital€328mn,
thereof €100mn by DBAG