Deutsche Beteiligungs AG Sells Partial Stake in Solvares to Five Arrows

Deutsche Beteiligungs AG (DBAG) announced a significant sale of its equity stake in Solvares to Five Arrows, the alternative assets division of Rothschild & Co. This move is part of a strategic shift to support Solvares' next growth phase, focusing on expanding its SaaS solutions in Field Service Management, Field Sales Management, and Transport Management & Logistics.

Solvares, a European leader in providing software solutions for resource and tour planning, has evolved under DBAG’s guidance from a traditional licensing model to a robust SaaS provider, demonstrating consistent double-digit annual revenue growth. This transaction has generated proceeds slightly above the initial investment valuation from DBAG’s financial statement as of December 2023, indicating a positive financial impact for the company this quarter.

DBAG retains a significant interest in Solvares, expecting future growth propelled by continued product and geographic expansion, potentially including mergers and acquisitions. The partnership with Five Arrows introduces additional expertise aimed at accelerating Solvares' market presence and operational scale, particularly in B2B software sectors.

The transaction marks the second divestment from the DBAG ECF III fund, underscoring DBAG’s strategic realignment towards IT services and software investments. This sector now represents a larger portion of DBAG’s portfolio, enhanced by targeted acquisitions and international expansions, such as Solvares' move into the UK market.