How many investments has Deutsche Beteiligungs AG made?

Deutsche Beteiligungs AG has 117 tracked investments.

What stage does Deutsche Beteiligungs AG invest at?

Deutsche Beteiligungs AG invests at the Growth, Late Stage stages.

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.

Deutsche Beteiligungs AG

Private equityoperating company · company profile

Frankfurt am Main · Growth–Late Stage · 51 people tracked

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Investment thesis

DBAG is a publicly listed German private equity investor focused on the Mittelstand — established, well-positioned mid-sized companies with growth potential. Industry has long been a core focus, with an increasing share of equity holdings in the growth sectors of Industry and IndustryTech, IT services and software, and healthcare. Applying an entrepreneurial approach, the firm seeks to develop its portfolio companies sustainably over the long term. While more than 80 percent of its portfolio companies are headquartered in Germany, most operate globally. As a listed company, DBAG offers retail and institutional investors access to the private equity asset class through a single tradeable share with high transparency.

Invests inAdvanced Manufacturing AI & Machine Learning Cloud Computing Cybersecurity E-commerce Energy Enterprise Software Fintech Hardware Healthtech Mobility & Transportation SaaS Austria Europe Frankfurt am Main Germany Global Italy Luxembourg

Source: firm website, verified Sep 27, 2026.

Stage

Growth–Late Stage

Frankfurt am Main, DE

Instruments

Equity

Founded

1965

Private fund assets

$1.9B

Tracked investments

117

Team · 51 people

from the firm's website

Jannick Hunecke· Mitglied des Vorstands (Management Board Member)· Frankfurt am Main

Management board member since March 2021, born 1974, responsible for areas including investment controlling, financing, HR, legal, ESG and business development. He has been with DBAG since 2001 and part of management since 2008, with 25 years of private equity experience. He holds a degree in economics from the University of Muenster.

Tom Alzin· Sprecher des Vorstands (Spokesman of the Management Board)· Frankfurt am Main

Spokesman of the management board since March 2023 and a board member since March 2021, born 1980. He has been with DBAG since 2004 and a member of management since 2011, with over 20 years of private equity experience. He studied business administration at HEC Lausanne and at the London School of Economics.

Andreas Kraemer· Mitglied der Geschaeftsleitung

With DBAG since 2022, with over 19 years of private equity experience. He was previously a managing director at Oaktree's European Principal Group and worked at Cognetas and Morgan Stanley. He holds a degree from the University of Mannheim.

Bernd Sexauer· Mitglied der Geschaeftsleitung

First at DBAG from 1991 to 2006 and a member of management since 1998, he returned in 2012. With over 30 years of investment experience, he previously led DZ Equity Partner, Prolimity Capital Partners and Heliad Equity Partners, with particular expertise in automotive supply.

Christoph Gebhardt· Mitglied der Geschaeftsleitung

A member of management at DBAG since 2017 with nine years of private equity experience. He began his career at DekaBank and holds a business administration degree from the Frankfurt School of Finance; he is a CFA charterholder.

Christoph Grossekaemper· Mitglied der Geschaeftsleitung

With DBAG since 2020, with ten years of private equity experience. He began in investment banking at Deutsche Bank and later led an M&A team at a listed industrial holding. He holds degrees from Maastricht University and CASS Business School.

Erik Yankulin· Managing Director

Joined DBAG in 2025 with 14 years of private equity experience. He previously worked at Rothschild, One Equity Partners and AGIC Capital, and holds a business administration degree from the University of Cologne.

Florian Doering· Mitglied der Geschaeftsleitung / Head of Legal

With DBAG since 2012 as head of the legal department. He was previously a lawyer at Linklaters in private equity/M&A and holds a law degree from Saarland University.

Giovanni Revoltella· Mitglied der Geschaeftsleitung / Managing Director DBAG Italia· Milan

Leads DBAG Italia as managing director since 2021, with 22 years of private equity experience. He began at Lehman Brothers M&A in London and worked at Argan Capital, Italy1 Investment SPAC and Capvis. He studied economics at Bocconi University.

Jochen Baumann· Mitglied der Geschaeftsleitung

With DBAG since 1997 and a member of management since 2005, with 29 years of private equity experience. He specializes in buy-and-build strategies and packaging/food industries and holds a business degree from the University of Passau.

Julian Nahm· Mitglied der Geschaeftsleitung

With DBAG since 2018, with twelve years of private equity and M&A experience. Previously at Cinven and Goldman Sachs, he holds degrees from WHU and studied at USC Marshall School of Business.

Kai Wiesenbach· Mitglied der Geschaeftsleitung

With DBAG since 2004 and a member of management since 2010, with 21 years of private equity experience in machinery and automotive supply. He holds an economics degree from Goethe University Frankfurt.

Linda Hoegener Schinwald· Mitglied der Geschaeftsleitung

Joined DBAG's investment advisory team in 2014 and became a member of management in 2024, leading business development with a focus on intermediary and sponsor coverage, succession situations and family offices. She holds an engineering diploma from TU Munich and an MBA from College des Ingenieurs Paris.

Lucas Herbert· Mitglied der Geschaeftsleitung

With DBAG since 2007 and a member of management since 2015, with 19 years of private equity experience focused on IT services/software, machinery and healthcare services. He holds a master's from Rotterdam School of Management.

Maximilian Hegel· Mitglied der Geschaeftsleitung

With DBAG since 2014 and a member of management, with eleven years of private equity experience. He holds a bachelor's from WHU and a master's from the University of Mannheim.

Ragnar Geerdts· Mitglied der Geschaeftsleitung

With DBAG since 2012 and a member of management since 2017, with 14 years of private equity experience in automotive supply, telecommunications and machinery. He previously worked in M&A at Bayer and Deutsche Post and holds a degree from Freie Universitaet Berlin.

Thomas Weber· Mitglied der Geschaeftsleitung

With DBAG since 2014 in business development, focusing on dealsourcing, the DBAG network and C-level/advisory topics. He previously worked at PwC, Commerzbank and Concept Consulting, and holds a law degree from Goethe University Frankfurt.

Alessandro Melini· Investment Manager· Milan

With DBAG Italia since 2022, with four years of private equity experience following roles at Cassa Depositi e Prestiti and Morgan Stanley. He holds degrees from Luiss University and an MBA from MIT.

Alexander Jeanneaux· Investment Manager

With DBAG since 2019, with seven years of private equity experience. He holds a bachelor's from the University of St. Gallen and studied at Columbia University.

Carolin Klosterkamp· Investment Manager

With DBAG since 2022, with four years of private equity experience following a role as senior consultant at Roland Berger. She holds bachelor's and master's degrees from the University of Mannheim.

Dario Alessandro· Investment Manager· Milan

With DBAG Italia since 2022, with seven years of private equity experience following roles at Goldman Sachs and Investindustrial. He holds a bachelor's from Luiss University and a master's in finance from Bocconi.

Jan Martin Gemmer· Investment Manager

With DBAG since 2022, with four years of private equity experience following a start in investment banking at Bank of America Merrill Lynch. He holds degrees from Goethe University Frankfurt and the University of St. Gallen/Bocconi.

Kevin Kunze· Investment Director

With DBAG since 2023, with five years of private equity experience following roles at Argos Wityu and Lincoln International. He holds degrees from Goethe University Frankfurt and Stockholm University.

Manuel Mache· Investment Manager

With DBAG since 2024, with five years of private equity experience following roles at PwC and Chirisa Investments. He holds a bachelor's from DHBW and a master's from Trinity Business School; he is a CFA charterholder.

Matthias Doell· Direktor / Director Legal

Director Legal at DBAG since 2020, previously a lawyer at Freshfields Bruckhaus Deringer in corporate/M&A. He holds law degrees from Bucerius Law School and Goethe University Frankfurt and studied at Boston College and Oxford.

Maximilian Vogl· Investment Director

With DBAG since 2016, with ten years of private equity experience. He holds a bachelor's from the University of St. Gallen and a master's from the London School of Economics.

Niklas Glanemann· Investment Manager

With DBAG since 2020, with six years of private equity experience. He holds bachelor's and master's degrees from Goethe University Frankfurt.

Paul Wuerth· Investment Director

With DBAG since 2018, with seven years of private equity experience following a start at PwC in transaction advisory. He holds degrees from the University of Mannheim and studied at the University of Edinburgh and HEC Paris.

Anissa Hammar Pires· Director / Head of Fund Accounting· Luxembourg

With DBAG Luxembourg since 2023 and head of fund accounting since 2025. She began at a Big Four firm and later worked for various accounting/tax service providers and a French asset manager. She holds a master's from the University of Nancy and is a qualified auditor in Luxembourg and France.

Brigitte Friedrich-Haack· Direktor / Head of Corporate Development

With DBAG since 2025 as head of corporate development. She was previously chief of staff to the CEO of CIB Germany at BNP Paribas and an equity research analyst at Exane. She holds degrees from Hochschule Wolfenbuettel and Otto-von-Guericke University Magdeburg.

Carla Himmer· Associate

With DBAG since 2021, with five years of private equity experience. She holds a bachelor's from Frankfurt University of Applied Sciences and a master's in finance from Bocconi.

Carolin Keferstein· Senior Manager Legal

Senior Manager Legal at DBAG since 2022, previously a lawyer at Goodwin Procter and Paul Hastings in private equity/M&A. She holds a law degree from the University of Heidelberg.

Dennis Jankowski· Direktor / Head of Risk Management

Head of risk management at DBAG since 2014, also responsible for internal controls, data protection, internal audit and organization. He previously worked as a risk manager at American Express and Stada and began at KPMG. He holds a banking degree from DHBW.

Eamonn McDonald· Mitglied der Geschaeftsleitung· Luxembourg

With DBAG Luxembourg since 2023. He previously worked as a lawyer in the corporate team of a Luxembourg law firm and as a vice president in the legal team of a leading US asset manager.

Emilie Klever· Analyst

Joined DBAG in 2025 with four years of private equity experience. She holds a master's in banking and finance from the University of St. Gallen and completed a dual study program with Norddeutsche Landesbank.

Florian Geier· Associate

Joined DBAG in 2025 after working as an investment banking analyst at Lazard. He holds a bachelor's from Maastricht University and a master's in finance from WHU.

Johanna May· Direktor

With DBAG since 2007, previously a business analyst at Ernst & Young. She holds a doctorate in history and journalism from the University of Goettingen.

Jona Hesse· Analyst

Began his career as a consultant at Boston Consulting Group and later pursued a PhD as a research assistant at RWTH Aachen. He holds bachelor's and master's degrees from the University of Mannheim.

Katharina Koell· Direktor / Head of Investment Controlling

With DBAG since 2017 and head of investment controlling since 2021. She previously worked in consulting at PwC in transaction services and valuation, and studied at the University of Innsbruck and Tulane University.

Lisa Fischer· Associate

With DBAG since 2022, with three years of private equity experience. She holds a bachelor's from Goethe University Frankfurt and a master's from Copenhagen Business School.

Malin Oltmann· Analyst

Joining DBAG in 2026. She holds a bachelor's from Maastricht University and a master's in finance from the Frankfurt School of Finance & Management.

Marcus Broecker· Mitglied der Geschaeftsleitung / Head of Financing

With DBAG since 2020 as head of financing, with 16 years of experience in corporate debt financing. He previously worked as a debt advisor at Rothschild & Co and at UniCredit and Deutsche Bank. He holds a business degree from the University of Muenster.

Marisa Menzel· Associate

With DBAG since 2023, with two years of private equity experience following a role at J.P. Morgan investment banking. She holds bachelor's and master's degrees from the University of St. Gallen.

Matteo Dagnaux· Associate· Milan

With DBAG Italia since 2022 and previously an analyst at UBS, with four years of private equity experience. He holds bachelor's and master's degrees from Bocconi University.

Michel Buettner· Associate

With DBAG since 2022, with four years of private equity experience. He holds a bachelor's from Goethe University Frankfurt and a master of finance from the Frankfurt School of Finance.

Moritz Hartwieg· Manager

Joined DBAG's ESG team in 2025, previously a senior consultant at Deloitte focusing on sustainability and climate services and a senior associate at KPMG. He holds degrees from ESB Business School and NHH Norwegian School of Economics.

Oliver Bohlen· Mitglied der Geschaeftsleitung / Finance

Joining DBAG in 2026 to lead the finance function. He was previously senior director finance at Boston Consulting Group and held leadership roles at Siemens Advanta and Kearney. He holds degrees from the London School of Economics and is a US CPA.

Sam Henkes· Mitglied der Geschaeftsleitung· Luxembourg

With DBAG Luxembourg since 2023. He began as a transfer agent at Fidelity Investments and later spent about twelve years as director of finance and accounting at The Riverside Company. He holds a business administration degree from the University of Namur.

Simona Marchese· Analyst· Milan

With DBAG Italia since 2024, with two years of private equity experience. She holds a bachelor's from Bocconi University and a double master's from EDHEC Business School.

Tom Siebert· Analyst

Joined DBAG in 2025 after working as a senior associate consultant at Bain & Company. He holds a bachelor's from DHBW and a master's from the University of Cambridge.

Yasmin Behboudi· Mitglied der Geschaeftsleitung / Head of HR

With DBAG since 2021 and head of human resources since 2022. She previously worked at Goldman Sachs in human capital management and at Jones Lang LaSalle as an HR advisor, and studied at Goethe University Frankfurt.

What they invest in

from 56 of 117 portfolio companies

Advanced Manufacturing ×24Hardware ×21Enterprise Software ×8SaaS ×8Energy ×7AI & Machine Learning ×6Cleantech ×6Fintech ×6

HQs:Germany×39Italy×3Switzerland×2Austria×1India×1Poland×1

Investments · 117 tracked

founders shown can be your intro path

By year:2024 · 1 2023 · 1 2020 · 2 2019 · 15 dated

Akquinetakquinet.com in

AKQUINET 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

Andritz AGandritz.com

ANDRITZ is an international technology group that supplies process technologies, equipment, plants, and automation systems for a range of industries and end-markets.

Advanced ManufacturingCleantechHardware

AOEaoe.com in

AOE is a digital consultancy and technology services firm that provides strategic consulting, software development, and AI integration to build custom digital products and modernize clients' system landscapes.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsDBAG LEA Partners

Avrio Energieavrio-energie.deMay 2023

AVRIO Energie GmbH is active in the biogas market as a strategic investor focused on the generation, trading, and distribution of energy from renewable raw materials.

CleantechClimate TechEnergy

Co-investorsDBAG

Braun Connectivity Solutionskabelkonfektion.com in

Dieter BRAUN GmbH provides cable assembly (Kabelkonfektion) and lighting technology solutions, supporting customers across the full production process.

Advanced ManufacturingHardwareIoT

Co-investorsDBAG

Broetje-Automation GmbHbroetje-automation.de

Broetje-Automation designs and builds machines, robots, and mobile systems for automated aircraft assembly and production, and provides turnkey factory planning, digital integration, and 24/7 service.

Advanced ManufacturingHardwareRoboticsRastede, DE

Lutz Neugebauer(CEO)

Bugbountybugbounty.ch in 𝕏

Bug Bounty Switzerland runs a bug bounty and crowdsourced security testing platform that connects organizations with ethical hackers to identify vulnerabilities.

Cybersecurity

Florian Badertscher(Founder)in

Co-investorsDBAG

Cartonplastcartonplast.com in

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

Cloudflightcloudflight.io in 𝕏Feb 2019

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

congateccongatec.de

congatec develops and sells embedded computer boards and modules (Computer-on-Modules) based on standards such as COM-HPC, COM Express, SMARC, and Qseven, along with related services across the product lifecycle.

HardwareIoTSemiconductorsDeggendorf, DE

Congateccongatec.com in

congatec develops and markets embedded computer boards, computer-on-modules, and related technical services for building custom embedded computing platforms.

HardwareIoTSemiconductorsDeggendorf, DE

Co-investorsDBAG

Daidai.de in 𝕏

Deutsches Aktieninstitut is a German industry association and think tank representing listed companies and capital market participants, focusing on corporate governance, company law, and financial market regulation.

Fintech

Co-investorsDBAG

Danthermdantherm.com

Heating, cooling, drying, ventilation and air purification technology

Co-investorsDBAG

DBAG Italiadbagitalia.com

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

Dirkdirk.org in

DIRK – Deutscher Investor Relations Verband is a German professional association for investor relations that connects listed companies with capital markets.

Fintech

Co-investorsDBAG

Divantedivante.com in

Divante is an eCommerce engineering company that builds and maintains commerce platforms for global retailers, B2B distributors, and brands, with a focus on headless and composable commerce architecture.

AI & Machine LearningE-commerceEnterprise SoftwareRetail TechWrocław, PL

Edscha AGedscha.com

Edscha manufactures mechanical automotive body components such as hinges, door checks, parking brakes and pedal systems, and describes itself as the world's largest supplier of hinge systems.

Advanced ManufacturingHardwareMobility & Transportation

ELF Capital Groupelfcapital.de in

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

endbag.com

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

evidiaevidia.de

Evidia Group operates radiology, nuclear medicine, and radiation therapy practices, providing diagnostic imaging and treatment for patients.

HealthtechMedical Devices

Co-investorsDBAG

fin-matchfinmatch.de

FinMatch is an independent financing platform for mid-sized companies (Mittelstand) that prepares financing requests and connects businesses with a network of over 1,000 financing partners, while also helping secure public grants and subsidies.

B2B MarketplacesFintech

Co-investorsConny & Co.

Firianmultimon.info

Firian designs, plans, installs, and maintains fire-protection systems for buildings across Europe, formed by uniting the fire-safety specialists ABBS, MULTIMON, and TBS under one brand.

Advanced ManufacturingConstruction TechKirchheim bei München, DE

Co-investorsDBAG

Fischer Tiretechfischertiretech.com in

Fischer TireTech manufactures cutting and extrusion machinery for tire production across all vehicle categories.

Advanced ManufacturingHardwareMobility & Transportation

Foundationdbag-stiftung.de

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 Pantera Capital

Freiheitfreiheit.com

freiheit.com technologies is a software engineering company that builds custom, large-scale software platforms and business-critical systems for clients across industries including e-commerce, retail, healthcare, mobility, and logistics.

AI & Machine LearningCloud ComputingSaaSHamburg, DE

Frimofrimo.com

FRIMO Innovative Technologies provides technologies and production solutions for plastics manufacturing.

Advanced ManufacturingHardwareNew MaterialsLotte, DE

GMM Pfaudlergmmpfaudler.com in 𝕏

GMM Pfaudler is a global engineering company that designs and manufactures corrosion-resistant equipment, process technologies, heavy engineering, and complete process systems for the chemical and process industries worldwide.

Advanced ManufacturingHardwareNew MaterialsMumbai, IN

Co-investorsChrysCapital

Great Lengthsgreatlengths.com inSep 2024

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

Great Lengthsgreatlengths.de

Great Lengths supplies premium human-hair extensions and related hair-care products for professional hair salons and stylists, offering multiple application methods such as pre-bonded strands, tapes, wefts, and ultrasonic bonding.

Consumer

Hausheldhausheld.deOct 2020

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 Präzisionstechnikhipp-praezisionstechnik.de in

Hipp is a precision engineering manufacturer that produces custom, high-quality technical components made to customer specifications.

Advanced ManufacturingHardware

Co-investorsDBAG

HIPP Technology Grouphipp-technologygroup.com in

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

Homag Group AGhomag.com

HOMAG provides machinery, automation, software, and service as integrated solutions for the wood and furniture industry, covering the full value chain.

Advanced ManufacturingHardwareRobotics

inexioinexio.net in

inexio builds and operates fiber-optic internet infrastructure, providing home broadband with speeds up to 1,000 Mbit/s to private customers.

HardwareMedia & Entertainment

Co-investorsDBAG

Invest Europeinvesteurope.eu in

Invest Europe is a membership association for the private equity and venture capital industry, offering members personalised content, training courses, and events.

Co-investorsDBAG Innova Capital Sp. z o.o.Inven Capital

Itelyumitelyum.com in 𝕏

Itelyum is a European waste management and recycling company specializing in complex hazardous waste streams including waste oil regeneration, solvent purification, and industrial waste recycling.

Advanced ManufacturingCircular EconomyCleantech

Co-investorsDBAG

JCKjck.de

JCK is a family-owned holding company originating from a hat manufacturer in the Artland region that holds stakes in businesses worldwide, focused on the sport, fashion, and promotional products segments.

Consumer

Co-investorsDBAG

Lewa GmbHlewa.com

LEWA manufactures metering and process pumps, metering systems, and complete systems for process engineering, used for dosing, conveying, mixing, and odorizing fluids.

Advanced ManufacturingEnergyHardware

Maitmait-group.com in

MAIT is an IT services group offering manufacturer solutions and in-house developments in PLM and ERP, professional services, sovereign cloud and IT connectivity, and managed services to support a company's digitalization strategy.

Cloud ComputingEnterprise SoftwareSaaS

MAITmait.de in

MAIT provides digital solutions for manufacturing and trade companies, covering product lifecycle management (from product development through production to service) and core business processes such as sales, purchasing, warehousing, production planning, and finance.

Advanced ManufacturingCloud ComputingEnterprise Software

Co-investors3i Group DBAG

MTWHmtwh.it

Manufacturer of metal applications for the luxury goods industry

Co-investorsDBAG

Netzkontornetzkontor-nord.de inFeb 2020

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

Oechsler AGoechsler.com in

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

Operasanoperasan.de

operasan is a German company that operates nephrology and dialysis centers, providing outpatient treatment for patients with kidney disease across 30 locations.

Digital HealthHealthtech

Co-investorsDBAG Barings BDC

Polytech Health & Aestheticspolytechhealth.com in 𝕏

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

Preh GmbHpreh.com

Preh develops human-machine interface (HMI) components and electromobility solutions, including center console controls and onboard chargers, for the automotive and commercial vehicle industry.

Advanced ManufacturingHardwareMobility & TransportationBad Neustadt an der Saale, DE

ProMikpromik.com

Programming and test solutions in electronics manufacturing

Co-investorsDBAG

ProXESproxes.com in

Proxes manufactures industrial processing machinery for the food, beverage, pharmaceutical, and cosmetics industries.

Advanced ManufacturingCleantechFoodTechHardwareHameln, DE

Co-investorsCapvis AG DBAG

Schülerhilfeschuelerhilfe.de

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-investorsDBAG Levine Leichtman Paragon Partners Oakley

Serosero.de

SERO is an electronics manufacturing services (EMS) provider specializing in high-volume production runs of 50,000 to over 1,000,000 pieces for printed circuit boards of low to medium complexity.

Advanced ManufacturingHardware

Signalfishersignalfisher.com

SignalFisher (formerly Bug Bounty Switzerland) runs continuous, expert-validated security testing programs that combine an AI-powered network of vetted security researchers with human oversight to give organizations an up-to-date view of their cyber risk.

AI & Machine LearningCybersecuritySaaS

Silbitzsilbitz-group.com

The Silbitz Group operates iron and steel foundries in Europe that cast precision products weighing up to 120 tonnes from recycled material, including hub components for wind turbines and axle housings for trains.

Advanced ManufacturingEnergyNew Materials

Co-investorsDBAG

Solvaresfastleansmart.com in

Solvares provides field service management software that uses an optimization algorithm (POWEROPT) for automated dispatching, AI-based route optimization, and mobile field service apps.

AI & Machine LearningLogistics & Supply ChainSaaS

Co-investorsDBAG

Solvaressolvares.com

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

Co-investorsDBAG

Spherosspheros.com

Spheros develops, manufactures and distributes thermal systems, air conditioning components and related control software for commercial vehicles such as buses, including solutions for electric powertrains.

Advanced ManufacturingHardwareMobility & Transportation

Co-investorsBaird Capital DBAG H.I.G. Capital

TBDtbd.de

tbd (technische Bau Dienstleistungen) is a German technical construction services provider working in gas, power and water pipeline networks, telecommunications infrastructure, engineering, non-destructive material testing, and metering services for utilities, industrial and chemical clients.

Construction TechDeep TechEnergy

Uwe Jahnke(Co-founder & Advisory Board (Beirat und Mitgründer))inSina Leuchte(Managing Director (Geschäftsführerin))Arnd Kleemann(Managing Director (Geschäftsführer))

Teliotel.io

Tel.io partners with governments, correctional facilities, associations, and nonprofits to provide people in custody with tools for connection, learning, and rehabilitation, including initiatives supporting the children of incarcerated parents.

GovTechImpact & Social Good

Co-investorsDBAG

vhfvhf.de

vhf camfacture AG manufactures CNC milling machines, milling tools, and CAM software for the dental, industrial, and signmaking sectors, among other industries.

Advanced ManufacturingHardwareMedical Devices

Co-investorsDBAG

vitronetvitronet.de

The vitronet Gruppe provides end-to-end services for fiber-optic and energy infrastructure in Germany, including planning, civil engineering, cable installation, assembly, and maintenance.

Construction TechEnergyEnterprise Software

Zur Homepagebvkap.de in 𝕏

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 Partners DBAG GENIUS Venture Capital Phoenix Contact Innovation Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Aksys GmbHAOE GroupBabcock Borsig Service GmbHBTV MultimediaCatalysts GmbHCleanpart Group GmbHClyde-Bergemann-GruppeCognosticsCoperion GmbHCoveright Surfaces GmbHCrisp Research AGDeutsche Giga AccessDNS:Net Internet Service GmbHDS Technologie GmbHduagonEuvita KGFDG-GruppeFormel D GmbHGAH AGGienanthGreen DatahubGrohmann Engineering GmbHHeim & Haus GmbHHeytexHipp TechnologyHT Engineering GmbHin-techInfiana Group GmbHKraft & BauerLibro AGmaciomagebaMCE AGmogreeMore than MealsNokeraNovopress KGOtto Sauer Achsenfabrik GmbHPlant Systems & Services PSS GmbHPmflexPrinciples for Responsible Investment (PRI)R+SRheinhold & Mahla GmbHRomaco GmbHSchoeller & Hoesch KGSebaldus GmbHSjolundSjølundTbd Technische Bau DienstleistungenTnlTNL Green DatahubUnser Heimatbäcker GmbHvon Poll ImmobilienZapf GmbHZGS Bildungs-GmbH (Schulerhilfe)ZGS Bildungs-GmbH (Schülerhilfe)

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 117 tracked investments.
What stage does Deutsche Beteiligungs AG invest at?: Deutsche Beteiligungs AG invests at the Growth, Late Stage stages.
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, Fintech, 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.

Media · Podcasts & interviews

featuring the team

Tom Alzin (Deutsche Beteiligungs AG) at 0100 Conference Luxembourg 2018

Zero One Hundred Conferences · Tom Alzin

LPEA Insights 2018: Tom Alzin, Deutsche Beteiligungs AG

LPEA Luxembourg · Tom Alzin

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