EQS-News

Deutsche Beteiligungs AG: Partial sale of Solvares to Five Arrows - Seite 2

Second divestment from the DBAG ECF III portfolio

Following the sale of its equity stake, DBAG ECF III achieves its second realisation from its fund portfolio. Since 2018, the fund has built a portfolio of three companies. The sale of the investment in BTV Multimedia was the first MBO divestment from the DBAG ECF III portfolio.

Divestment highlights DBAG's progress in the IT services and software segment

The successful divestment also highlights DBAG's good progress in the IT services and software segment. After building extensive expertise and a strong network, seven investments have now been made in this segment. The related share of the total portfolio value of DBAG has almost quintupled over the past three years, from five to 24 per cent (as of 31 December 2023).

Leading provider of software solutions for resource and tour planning in Europe

Solvares provides industry-leading software to help its customers plan, manage, and optimise their field service & maintenance, sales and transport logistics. Sitting at the centre of resource and mobility management, Solvares’ platform of solutions helps over 3,000 customers in 45 countries solve complex use cases through proprietary algorithms and best-of-breed technology, thereby delivering tangible efficiency savings for field centric organisations while significantly reducing resource consumption and CO2 emissions. Through clear strategic focus and significant investments, Solvares has transformed from a traditional licensing software business to a leading SaaS solutions provider, with revenue almost quintupling over the past five years. Average double-digit organic growth through the investment period has also accelerated with M&A. Solvares has made five targeted acquisitions, expanding the company into the field sales management and logistics sectors, and enhanced its product portfolio with additional mobile functionalities. The company also successfully expanded into the attractive UK market through the acquisition of a local distribution partner.