Partners Group Holding AG (SWX:PGHN) agreed to acquire controlling stake in Cloudflight GmbH from DBAG Fund VII, a fund managed by Deutsche Beteiligungs AG for an enterprise value of just under €400 million on November 11, 2022. Cloudflight has around 1,000 IT strategists, software developers, data scientists, and cloud specialists. The transaction is expected to close within the coming four months can be completed.

Houlihan Lokey, Inc. (NYSE:HLI) acted as financial advisor to Cloudflight GmbH. Jakub Marcinkowski and Piotr Miller of DLA Piper Germany acted as legal advisor to Gazelle International SARL