Berlin, September 2023 – YPOG advised Deutsche Beteiligungs AG (DBAG) on the majority investment in ELF Capital Advisory GmbH and on the GPs of the three ELF debt funds. DBAG intends to gradually increase its stake in ELF Capital to 100% over the coming years.
ELF Capital is a leading German provider of private debt financing and advises funds offering flexible financing solutions for medium-sized companies in the DACH region, Benelux and Scandinavia. The merger expands DBAG's range of flexible financing solutions for SMEs to include private debt.
In addition, DABG will invest €100 million in the ELF Capital Fund as a limited partner. partner. This is in line with DBAG's usual strategy, to make co-investments alongside its own funds.
The YPOG team, led by Andreas Rodin, provided legal advice to DBAG on tax due diligence, regulatory issues as well as on the review of the entire fund documentation including the requirements for amendment.
Team
Andreas Rodin (Lead, Funds), Associated Partner, Berlin
Dr. Malte Bergmann (Tax), Partner, Hamburg
Dr. Tammo Lüken (Tax), Partner, Hamburg
Dr. Niklas Ulrich (Funds), Senior Associate, Hamburg
Lukas Schmitt (Tax), Associate, Hamburg
Benjamin von Mangoldt (Funds), Associate, Berlin
Dr. Philipp Busch (Funds), Associate, Hamburg
About DBAG
Deutsche Beteiligungs AG (“DBAG”) has been listed since 1985 and is one of the most renowned private equity firms in Germany. As an investor and fund advisor, DBAG traditionally focuses on mid-market companies in Germany, Austria and Switzerland (the DACH region), and especially on well-positioned companies offering growth potential. DBAG’s sector focus is on manufacturers, industrial service providers and IndustryTech enterprises – businesses whose products facilitate automation, robotics and digitalisation – as well as on companies from the broadband telecommunications, IT services, software and healthcare sectors. With its Milan office, DBAG has also maintained a presence in Italy since 2020. DBAG Group’s assets under management or advisory amount to approximately 2.5 billion euros (prior to the transaction).
Download Press Release
Contact:
Benno Engelmann
T +49 172 2749 689 | E presse@ypog.law
Engelmann Advisory
engelmann-advisory.com
About us
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
