Fundraising Fox

DBAG

Private equity

Frankfurt am Main · Growth · 15 people tracked

Fox Verdict
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Investment thesis

DBAG invests in established mid-market companies with proven, scalable business models and strong market positions, primarily in the German-speaking DACH region and selectively in northern Italy within sectors where it has deep experience. It targets enterprise values of roughly EUR 50-250 million, with fund structures allowing deals up to EUR 400 million. Traditional focus areas include mechanical and plant engineering, automotive supply, industrial services and components, expanding into environment/energy/infrastructure, software and healthcare. Typical situations include family-business succession, group spin-offs, secondary buy-outs and growth capital, structured as majority stakes or minority/quasi-equity, backing management buy-outs (MBOs) and buy-ins (MBIs) alongside its industry-expert network.

Source: firm website, verified Aug 6, 2026.

Stage
Growth
HQ
Frankfurt am Main, DE
Leads rounds
Leads
Instruments
Equity
Tracked investments
53

Team · 15 people

from the firm's website

Investments · 53 tracked

founders shown can be your intro path
akquinet
AOE
Avrio Energie
BTV Multimedia

Environment, energy and infrastructure; MBO 2018 to 2023

Bug Bounty Switzerland

Cybersecurity testing platform based in Luzern, Switzerland, offering continuous, intelligence-driven security testing that combines automated scanning, curated ethical hackers, and expert validation across applications, APIs, and infrastructure.

Bugbountybugbounty.chin𝕏
Cartonplastcartonplast.comin
Cloudflight
congatec
Daidai.dein𝕏
Dantherm
dedbag.dein
Dirkdirk.orgin
DNS:Net Internet Service GmbH

Environment, energy and infrastructure; expansion capital investment 2013 to 2021

ELF Capital Groupelfcapital.dein
evidia
Firian
Fischer TireTechkefischer.de
Formel D GmbH

Industry and industrial technology; MBO 2013 to 2017

Foundationdbag-stiftung.de
Great Lengths
Green Datahub
Hausheldhausheld.de
Hipp Praezisionstechnikhipp-praezisionstechnik.dein
HIPP Technology Group

Manufacturer serving medical technology, aerospace engineering, mechanical/plant engineering and automotive industries, with a focus on medical implants and instruments.

inexio

Environment, energy and infrastructure; expansion capital investment 2013 to 2019

inexio KGaA
Infiana Group GmbH

Industry and industrial technology; MBO 2014 to 2019

ITdbagitalia.com
Itelyum
JCK
Maitmait.dein
MTWH
Netzkontornetzkontor-nord.dein
Novopress KG

Industry and industrial technology; expansion capital investment 2015 to 2019

Oechsler
operasan
ProMik
ProXES GmbH

Industry and industrial technology; MBO 2013 to 2017

Romaco GmbH

Industry and industrial technology; MBO 2011 to 2017

Schülerhilfe GmbH
Sero
Silbitzsilbitz-group.com
Sjølund

Industry and industrial technology; MBO 2018 to 2022

Solvaresfastleansmart.comin
Spheros GmbH
Telio
vhf

Fund performance · per public LP disclosures · 2

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
European Private Equity Opportunities II LPLPs: Florida State Board of Administration202013.3%1.42x0.35x
European Private Equity Opportunities I LPLPs: Florida State Board of Administration201710.7%1.48x0.51x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does DBAG invest at?
DBAG invests at the Growth stage.
What sectors does DBAG focus on?
DBAG focuses on Advanced Manufacturing, Cleantech, Climate Tech, Energy, Healthtech, Mobility & Transportation, SaaS.
Where is DBAG located?
DBAG is headquartered in Frankfurt am Main, DE.
Does DBAG lead rounds?
Yes, DBAG leads investment rounds.