Deutsche Beteiligungs AG, a German listed private equity company, has held the final close for the DBAG Expansion Capital Fund at €242m.
Deutsche Beteiligungs AG started fund-raising less than ten month ago. €100m come from its balance sheet, with investors committing other €142m.
The fund aims to make minority investments in family-run businesses seeking to finance their growth strategies by a capital increase with an equity injection or to refinance borrowings.
Equity investments will range between 10 and 30 million euros, although there may be exceptions.