Frankfurt am Main · Growth
Investment thesis
DBAG pursues an entrepreneurial approach to private equity, taking equity stakes in mid-sized companies with development potential and supporting their sustainable growth. Its portfolio has a long-standing focus on industry, with an increasing share in growth sectors including industry and IndustryTech, IT services and software, and healthcare. More than 80 percent of its portfolio companies are headquartered in Germany, though many operate globally. As a listed company, DBAG offers public-market investors access to the private equity asset class — normally reserved for large institutional investors via closed-end funds — through a single, daily-tradable share with high transparency.
Source: firm website, verified Sep 6, 2026.
What they invest in
from 30 of 70 portfolio companiesAdvanced Manufacturing ×11Hardware ×9Enterprise Software ×5Fintech ×5Cleantech ×4New Materials ×4SaaS ×4Circular Economy ×3
HQs:Germany×23Italy×3Austria×1Switzerland×1Poland×1
Investments · 70 tracked
founders shown can be your intro pathAKQUINET is a German IT services and consulting company that provides business software implementation (Microsoft, SAP, Infor), custom software development, and managed IT services operated from its own certified data centers.
Cloud ComputingEnterprise SoftwareSaaS
Co-investorsDBAG
A leading provider of agile software development focused on custom enterprise solutions; DBAG's seventh investment in the IT services and software sector.
Dieter BRAUN GmbH provides cable assembly (Kabelkonfektion) and lighting technology solutions, supporting customers across the full production process.
Advanced ManufacturingHardwareIoT
Co-investorsDBAG
Cartonplast manufactures reusable plastic pallets, layer pads, and trays for food and beverage industry secondary packaging and logistics.
Advanced ManufacturingCircular EconomyLogistics & Supply ChainNew Materials
Co-investorsDBAG
Austrian software company that combined with Crisp Research to form Cloudflight.
Cloudflight is a European software consulting and development company that builds business-critical software solutions and digital transformation services for enterprise clients.
AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise Software
Co-investorsDBAG
AI-driven software development specialist, acquired as an add-on for Cloudflight.
Research and advisory company that combined with Catalysts to form Cloudflight.
Co-investorsDBAG
Itelyum is a European circular economy company specializing in the recycling of hazardous liquid waste and used oil regeneration, with operations across 25 facilities and expertise in solvent purification and industrial waste management.
Advanced ManufacturingCircular EconomyCleantechConsumerNew MaterialsSector AgnosticMilan, IT
Co-investorsDBAG
Environment, energy and infrastructure; expansion capital investment 2013 to 2021
Co-investorsDBAG
ELF Capital manages credit funds that provide flexible, tailored financing solutions to companies, owners, investors, and management teams.
Fintech
Christian Fritsch(Founding Partner)in
Co-investorsDBAG
Deutsche Beteiligungs AG is a VC/PE fund and advisor that integrates environmental, social, and governance considerations into its investment process and internal operations.
FintechImpact & Social Good
Co-investorsDBAG
Co-investorsDBAG
Fischer TireTech manufactures cutting and extrusion machinery for tire production across all vehicle categories.
Advanced ManufacturingHardwareMobility & Transportation
Co-investorsDBAG
Charitable foundation of Deutsche Beteiligungs AG, established in 2010 to support charitable and philanthropic causes, focusing on children and youth with difficult starting conditions and aiding employees of the firm's portfolio companies in hardship.
Impact & Social GoodFrankfurt am Main, DE
Co-investorsDBAG
Great Lengths manufactures premium human-hair extensions using an Italian craftsmanship process, with keratin-bond and tape-in application systems for salons and their clients.
Advanced ManufacturingConsumerWellness & FitnessRome, IT
Matteo Antonino(Co-founder)Sofia Venditti(Co-founder)
Co-investorsDBAG
Co-investorsDBAG
Hausheld operates smart metering systems for municipal utilities (Stadtwerke) as a complete metering-as-a-service offering, handling installation, investment, and rollout of smart meter technology across a city.
CleantechEnergyIoT
Bouke Stoffelsma(Vorstand (Board Member))
Co-investorsDBAG
Hipp is a precision engineering manufacturer that produces custom, high-quality technical components made to customer specifications.
Advanced ManufacturingHardware
Co-investorsDBAG
Hipp Technology Group is a holding of companies specializing in precision machining and manufacturing, producing precision-turned and milled components and orthopedic and dental implants and instruments.
Advanced ManufacturingHardwareMedical DevicesKolbingen, DE
Co-investorsDBAG
Invest Europe is a membership association for the private equity and venture capital industry, offering members personalised content, training courses, and events.
Co-investorsDBAGInnova Capital Sp. z o.o.Inven Capital
Co-investorsDBAG
Embedded software engineering and development partner for human-machine interfaces, acquired as a Cloudflight add-on.
Holistic digitalization service provider with AI-based solutions, acquired as a Cloudflight add-on.
Co-investorsDBAG
Netzkontor Nord is a service provider for the expansion of fiber-optic, electricity, and heating networks, offering network planning, route securing, permitting, and related infrastructure services.
Construction TechEnergySaaS
Co-investorsDBAG
Industry and industrial technology; expansion capital investment 2015 to 2019
Co-investorsDBAG
OECHSLER AG is a manufacturing company based in Europe that works with material suppliers to reduce product carbon footprints by sourcing more environmentally friendly materials, as the company reports that over 85% of its emissions stem from material sourcing.
Advanced ManufacturingClimate TechHardwareNew Materials
Co-investorsDBAG
POLYTECH Health & Aesthetics is a German manufacturer of silicone breast and body implants used in breast augmentation, reconstruction, and body contouring procedures.
HardwareHealthtechMedical Devices
Co-investorsDBAG
Co-investorsBeyond Capital PartnersEndowusEspiga Equity Partners SGEIC SAHOOPP private marketsInnova Capital Sp. z o.o.Mundi Ventures+2 more
Co-investorsDBAG
Schülerhilfe is a German tutoring institute offering after-school academic support in subjects such as math, German, English, sciences and languages, delivered in small groups of three to five students or as one-on-one lessons, in person or online.
EdTech
Co-investorsDBAGLevine LeichtmanParagon Partners
MBO | 2018 to 2022; Industry and IndustryTech
Solvares Group is a holding company of software businesses focused on resource and route planning, aiming to reduce dispatch times, driving distances, paper use, and CO2 emissions while improving first-time-fix rates.
Enterprise SoftwareLogistics & Supply ChainSaaS
Transformed from a components manufacturer into a provider of complete system solutions.
Co-investorsDBAG
Co-investorsDBAG
Co-investorsDBAG
The Bundesverband Beteiligungskapital (BVK) is the German industry association for the private equity and venture capital sector, representing its members' interests toward politicians and the media.
Fintech
Co-investorsBeyond Capital PartnersDBAGGENIUS Venture CapitalPhoenix Contact Innovation Ventures
Fund performance · per public LP disclosures
as of Mar 2023| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| (DBAG) European Private Equity Opportunities LPLPs: Florida State Board of Administration | 2017 | — | 2.7% | 1.07x | 0.24x |
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
- How many investments has Deutsche Beteiligungs AG made?
- Deutsche Beteiligungs AG has 70 tracked investments.
- What stage does Deutsche Beteiligungs AG invest at?
- Deutsche Beteiligungs AG invests at the Growth stage.
- What sectors does Deutsche Beteiligungs AG focus on?
- Deutsche Beteiligungs AG focuses on Advanced Manufacturing, AI & Machine Learning, Cloud Computing, Cybersecurity, E-commerce, Energy, Enterprise Software, Hardware, Healthtech, Mobility & Transportation, SaaS.
- Where is Deutsche Beteiligungs AG located?
- Deutsche Beteiligungs AG is headquartered in Frankfurt am Main, DE.
- Who does Deutsche Beteiligungs AG co-invest with?
- Deutsche Beteiligungs AG most often shares deals with DBAG, Beyond Capital Partners, Innova Capital Sp. z o.o., among 15 tracked co-investors.
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