DPE Deutsche Private Equity Management III GmbH agreed to acquire an unknown majority stake in Mehler Vario System GmbH from Armira Partners GmbH & Co KG on September 8, 2020. Mehler Vario System has a turnover of over €100 million. Siegfried Will (Chief Executive Officer) and Mario Amschlinger (Chief Operating Officer and Chief Financial Officer) will continue to lead Mehler Vario System with their management team. The transaction is still subject to the approval of the relevant authorities. Nicole Englisch, Stefan Simon, David Pasewaldt, Claudia Milbradt, Dennis Blechinger, Martin Barlösius, Steffen Amelung, Barbara Mayer-Trautmann and Steffen Schellschmidt of Clifford Chance Partnerschaftsgesellschaft acted as legal advisors to DPE Deutsche Private Equity Management III GmbH. Hendrik Hirsch, Christian Schubert, Kai Neuhaus, Boris Alles, Thomas Hirse, Philippe Heinzke, and Jakob Steiff of CMS Germany acted as legal advisors for Armira Partners. Robert W. Baird & Co. Incorporated acted as financial advisor to Armira. Robert W. Baird & Co. Incorporated acted as financial advisor to Mehler Vario System GmbH. Winfried M. Carli of Shearman & Sterling LLP acted as a legal advisor to Armira Partners GmbH & Co KG.

DPE Deutsche Private Equity Management III GmbH, Lexington, HarbourVest Partners, LLC and Grosvenor Capital Management, L.P. (NasdaqGM:GCMG) completed the acquisition of a majority stake in Mehler Vario System GmbH from Armira Partners GmbH & Co KG on January, 2021.