Deutsche Beteiligungs AG has successfully sold its investment in Heytex, a leading manufacturer of technical textiles, to Bencis, marking a notable exit from DBAG Fund V and illustrating the fund's successful investment strategy.

Information on the Target

Heytex is a renowned manufacturer of technical textiles, providing innovative solutions across various industries. Over its investment period from 2012 to 2022, the company significantly expanded its operational capabilities and product offerings through strategic acquisitions and market entries.

During this timeframe, Heytex gained a foothold in the U.S. market by acquiring an American competitor in December 2014, which marked a pivotal moment in its growth trajectory. The company further enhanced its global presence by successfully turning around its production site in China and acquiring Tencate in 2021, solidifying its status as a key player in the tents and marquees industry.

Industry Overview in the Target’s Specific Country

The technical textiles industry has been experiencing substantial growth, driven by increasing demand across sectors such as construction, automot