DBAG
Private equityFrankfurt am Main · Growth · 15 people tracked
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.
Team · 15 people
from the firm's websiteInvestments · 53 tracked
founders shown can be your intro pathEnvironment, energy and infrastructure; MBO 2018 to 2023
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.
Environment, energy and infrastructure; expansion capital investment 2013 to 2021
Industry and industrial technology; MBO 2013 to 2017
Manufacturer serving medical technology, aerospace engineering, mechanical/plant engineering and automotive industries, with a focus on medical implants and instruments.
Environment, energy and infrastructure; expansion capital investment 2013 to 2019
Industry and industrial technology; MBO 2014 to 2019
Industry and industrial technology; expansion capital investment 2015 to 2019
Industry and industrial technology; MBO 2013 to 2017
Industry and industrial technology; MBO 2011 to 2017
Industry and industrial technology; MBO 2018 to 2022
Fund performance · per public LP disclosures · 2
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| European Private Equity Opportunities II LPLPs: Florida State Board of Administration | 2020 | — | 13.3% | 1.42x | 0.35x |
| European Private Equity Opportunities I LPLPs: Florida State Board of Administration | 2017 | — | 10.7% | 1.48x | 0.51x |
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.