Five Arrows Capital acquired an unknown minority stake in Solvares Group GmbH from DBAG Ecf Second New Vintage, a fund managed by Deutsche Beteiligungs AG on April 17, 2024. DBAG ECF III will hold a significant stake in Solvares together with DBAG itself and will support the next phase of Solvares' growth in close partnership with Five Arrows. Five Arrows joins as a partner to support the company?s future growth journey. The shares of DBAG ECF III, advised by DBAG, are also partially being sold. With the investment in Solvares, DBAG ECF III has successfully managed the succession of the former founder-led business. Andreas Hoger, Emanuel Strehle, Henning Hilke, Nikolaus Vieten, Jan Bonhage, Thomas Ruthemeyer, Erasmus Hoffmann, Christoph Wilken, Anja Balitzki, Gunther Wagner, Hendrik Bockenheimer and Matthias Rothkopf of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB, together with Wolf Theiss (Austria) and Travers Smith (UK) acted as legal advisor to Five Arrows. Rainer Traugott, Leif U. Schrader and Ulf Kieker of Latham & Watkins LLP acted as legal advisor to DBAG Ecf Second New Vintage and Deutsche Beteiligungs AG. Houlihan Lokey served as financial advisor to Deutsche Beteiligungs AG.

Five Arrows Capital completed the acquisition of an unknown minority stake in Solvares Group GmbH from DBAG Ecf Second New Vintage, a fund managed by Deutsche Beteiligungs AG on April 17, 2024.