EQS-News

Deutsche Beteiligungs AG: Partial sale of Solvares to Five Arrows

EQS-News: Deutsche Beteiligungs AG / Key word(s): Private Equity Deutsche Beteiligungs AG: Partial sale of Solvares to Five Arrows 17.04.2024 / 08:42 CET/CEST The issuer is solely responsible for the content of this announcement. Deutsche Beteiligungs AG: Partial sale of Solvares to Five Arrows

• Successfully professionalised this founder-led business, transforming it from a traditional licensing to a leading SaaS solutions provider with annual double-digit revenue growth
• Five Arrows, the alternative assets arm of Rothschild & Co, acquires a significant equity stake to support the next phase of Solvares’ growth journey alongside DBAG
• Transaction proceeds were slightly above the valuation of the investment in DBAG's most recent financial statements as of 31 December 2023

Frankfurt/Main, 17 April 2024. Deutsche Beteiligungs AG (DBAG) sells a significant equity stake in Solvares, a leading provider of Field Service Management, Field Sales Management and Transport Management & Logistics solutions. Five Arrows joins as a partner to support the company’s future growth journey. The shares of DBAG ECF III, advised by DBAG, are also partially being sold. With the investment in Solvares, DBAG ECF III has successfully managed the succession of the former founder-led business.

Proceeds are slightly above the valuation of the investment in the financial statements as of 31 December 2023

DBAG realises proceeds from the sale that are slightly above the valuation of the investment in the preliminary financial statements as of 31 December 2023. Therefore, there is a small positive value contribution from this transaction in the current quarter. Additional value is expected to be generated through DBAG’s continued participation in the future development of the company. DBAG and DBAG ECF III still see significant future upside for Solvares, which has become one of the largest European platforms in the areas of Field Service Management, Field Sales Management, and Transport Management & Logistics software, and thus remain significant shareholders. The new shareholder, Five Arrows, contributes deep B2B software and industry expertise and is looking forward to support Solvares' next phase of growth from a product and geographical expansion perspective, organically as well as through M&A.