Charterhouse Capital Partners LLP and DBAG Fund VI, managed by Deutsche Beteiligungs AG (XTRA:DBAN) entered into an agreement to acquire majority stake in Telio Management GmbH from DBAG Fund VI, managed by Deutsche Beteiligungs AG and management of Telio in last week ended June 11, 2021. As part of the transaction, DBAG will reinvest a part of its proceeds and retain a minority stake in the business. DBAG and DBAG Fund VI will invest a portion of the disposal proceeds and will approximately hold a 13 per cent stake in Telio going forward (of which about 2.5% will be attributable to DBAG). Telio generated €83 million revenue in 2020. completion is subject to approval by the authorities. The sale is expected to be closed within the next four months. Alantra and Michael Moritz and Mischa Krause of Carlsquare GmbH acted as financial advisors for Charterhouse and Allen & Overy LLP acted as legal advisor for Charterhouse. Ernst & Young, GCA Altium AG and Alvarez & Marsal acted as financial advisor for Deutsche Beteiligungs and Milbank LLP acted as legal advisor. goetzpartners securities Limited acted as financial advisor to Telio Management GmbH.

Charterhouse Capital Partners LLP and DBAG Fund VI, managed by Deutsche Beteiligungs AG (XTRA:DBAN) completed the acquisition of majority stake in Telio Management GmbH from DBAG Fund VI, managed by Deutsche Beteiligungs AG and management of Telio on November 15, 2021.