DPE Deutsche Private Equity
Munich mid-market buyout and growth firm founded in 2007 by Marc Thiery and Volker Hichert, initially operating as Parcom Deutsche Private Equity. DPE invests EUR 10m to EUR 250m in DACH Mittelstand companies across business services, healthcare, industrial technology, IT and software, and energy and environment. Since 2007 investors have committed over EUR 3bn across five fund generations backing around 50 platform companies with more than 160 add-on acquisitions. In 2022 DPE closed the EUR 710m DPE Fund CF I for Eraneos and valantic, at the time the largest German GP-led secondary transaction.
Key facts
Recent exits
Coverage notes
5 funds tracked, 43 portfolio companies (18 active · 25 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund DPE Deutsche Private Equity has raised, with its portfolio companies. Hand-checked from public filings.
DPE Fund CF IBuyout2022 · 4yr€710M2 active
DPE Fund IVBuyout2021 · 5yr€1.0B11 active · 1 realized
Unrealized
11 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| adelphi | Business Services | Germany | 2022 |
| atacama | HealthTech | Germany | 2023 |
| Auxeum Group | Healthcare | Germany | 2022 |
| CPM Partners | IT Services | Switzerland | 2025 |
| DARE Group | Business Services | Germany | 2022 |
| e-motion | Business Services | Germany | 2022 |
| Green Mobility Holding | Mobility | Germany | 2021 |
| IMPAG Group | Business Services | Switzerland | 2024 |
| NTA-Gruppe | Business Services | Germany | 2026 |
| Sill Optics | Industrials | Germany | 2022 |
| TKD Group | IT Services | Germany | 2024 |
Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Engelmann Sensor | Industrials | Germany | 2021 | 2025 | Secondary | – |
DPE Fund IIIBuyout2017 · 9yr€600M4 active · 8 realized
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Air Alliance Group | Business Services | Germany | 2018 |
| BplusL | Business Services | Germany | 2020 |
| Mehler Vario Systems | Aerospace & Defence | Germany | 2020 |
| Ortheum | Healthcare | Germany | 2022 |
Realized
8 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| BE-terna | IT Services | Austria | 2018 | 2022 | Trade Sale | – | |
| Centogene | Biotech | Germany | 2017 | 2019 | IPO | – | – |
| DEUBIS Group | Construction | Germany | 2019 | 2024 | – | – | – |
| eds.group | Industrials | Germany | 2017 | 2022 | Secondary | – | |
| Eraneos | IT Services | Switzerland | 2017 | 2022 | GP-led | – | |
| Primutec Solutions Group | Construction | Netherlands | 2017 | 2025 | Secondary | – | |
| valantic | IT Services | Germany | 2019 | 2022 | GP-led | – | |
| VTU Group | Business Services | Austria | 2018 | 2023 | Secondary | – |
DPE Fund IIBuyout2013 · 13yr€350M1 active · 9 realized
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| OmniaMed | Healthcare | Germany | 2013 |
Realized
9 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Calvias | Business Services | Germany | 2016 | 2022 | – | – | – |
| Elatec | Industrials | Germany | 2016 | 2025 | Trade Sale | – | |
| Fischer Surface Technologies | Industrials | Germany | 2016 | 2023 | – | – | – |
| Interschalt maritime systems | Software | Germany | 2015 | 2016 | Trade Sale | – | |
| J.H. Ziegler | Industrials | Germany | 2014 | 2018 | Trade Sale | – | |
| PharmaZell | Pharma | Germany | 2013 | 2020 | Secondary | – | |
| SERCOO Group | Business Services | Germany | 2014 | 2023 | Trade Sale | – | |
| SLM Solutions | Industrials | Germany | 2013 | 2014 | IPO | – | – |
| Webtrekk | Data & Analytics | Germany | 2014 | 2019 | Trade Sale | – |
DPE Fund IBuyout2008 · 18yr€250M0 active · 7 realized
Realized
7 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Availon | Energy | Germany | 2008 | 2016 | Trade Sale | – | |
| Elevion | Business Services | Germany | 2011 | 2017 | Trade Sale | – | |
| expertum | Business Services | Germany | 2010 | 2018 | Trade Sale | – | |
| First Sensor | Industrials | Germany | 2011 | 2019 | Trade Sale | – | |
| iloxx | Logistics | Germany | 2008 | 2011 | Trade Sale | – | |
| SSB Windenergiesysteme | Energy | Germany | 2008 | 2009 | Trade Sale | – | |
| Westfalia-Automotive | Industrials | Germany | 2011 | 2016 | Trade Sale | – |
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About DPE Deutsche Private Equity
DPE Deutsche Private Equity is a German DACH mid-market private equity firm with €3 billion of assets under management as of December 2024, headquartered in Munich at Ludwigstrasse 7. The firm was founded in 2007 and operates as an independent partner-owned capital management company (KVG). DPE has built a strong buy-and-build operator track record with approximately 50 platform investments generating 160 plus add-on acquisitions and 6,000 plus jobs since inception.
Investment thesis
DPE Deutsche Private Equity deploys capital through five fund generations (DPE I through DPE V), targeting DACH mid-market growth buyouts with majority and minority stakes in medium-sized growth companies via a platform-plus-add-on (buy-and-build) approach. Sector focus spans industrial technologies, business services, healthcare, IT and software and energy and environmental technology. Geographic deployment is anchored in Germany, Austria and Switzerland (DACH region), with the partnership-driven entrepreneur engagement model differentiating the platform across DACH mid-cap deal flow.
Recent activity
Recent realised exits include industrial and manufacturing (2025), aviation services (2025) and sensor technology (2025). Recent acquisitions include business services (2025) and healthcare services (2025). The platform continues active deployment across the DACH mid-market mandate. Detailed buyer names and multiple data available on Pro at €29/month.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Similar firms
Other private equity firms tracked on GP Intel.
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