EQS-News

Deutsche Beteiligungs AG: Partial sale of Solvares to Five Arrows - Seite 3

“The high growth dynamics of the market, combined with investments in product enhancements and targeted international company acquisitions, have significantly contributed to forming the leading business that Solvares is today”, Tom Alzin, spokesman of the Board of Management of Deutsche Beteiligungs AG, commented on the partial disposal. “Our decision to proactively focus on digital business models is increasingly paying off – to the benefit of the investors in our share and DBAG Funds.”

Ivan Bagaric, Chief Executive Officer of Solvares said, “Our solutions deliver mission critical value to our customers daily. Our business has developed strongly in recent years and I am excited to continue executing our growth roadmap over the coming years and develop Solvares into the European leader for field management and logistics software. With their deep global experience in scaling B2B software businesses and long‑term investment perspective, Five Arrows was our partner of choice to help us drive this next phase in our journey. We are grateful for DBAG’s strong support to date and are pleased they will remain our investors alongside Five Arrows.”

Deutsche Beteiligungs AG (DBAG) has been listed since 1985 and is one of the most renowned private equity firms in Germany. As an investor and fund advisor, DBAG traditionally focuses on mid-market companies in Germany, Austria and Switzerland (the DACH region), and especially on well-positioned companies offering growth potential. DBAG’s sector focus is on manufacturers, industrial service providers and IndustryTech enterprises – businesses whose products facilitate automation, robotics and digitalisation – as well as on companies from the broadband/telecommunications, IT services, software and healthcare sectors. DBAG has also maintained a presence in Italy since 2020 with its Milan office. DBAG Group’s assets under management or advisory amount to approximately 2.6 billion euros. Within the scope of the strategic partnership with ELF Capital Group, DBAG is expanding its range of flexible financing solutions for mid-market companies to include private debt.