Deutsche Beteiligungs AG has expanded its operations into Italy and acquired a majority stake in ELF Capital to enhance its service offerings while capitalizing on growth opportunities in the mid-market sector.

Information on the Target

Deutsche Beteiligungs AG (DBAG) stands as Germany’s oldest private equity firm, with a rich history of 60 years in the mid-market sector, focusing on family-owned businesses. Recently, DBAG made a strategic decision to expand its geographical presence into Italy, aiming to leverage a similar mid-market structure as found in Germany. This expansion allows DBAG to tap into Italy's robust portfolio of family-owned enterprises that lead their respective niches globally.

With the generational transition within its Board of Management, DBAG ensures continuity and future viability. The Company has also broadened its service offerings by acquiring a majority stake in ELF Capital, effectively adding private debt solutions to its portfolio and enhancing its capacity to support mid-market companies.

Industry Overview in Italy

Italy's mid-market sector shares a structure comparable to Germany's, characterized by a high proportion of family-owned companies that dominate various industries. This sector encompasses a wide range of businesses in manufacturing, servi