DPE Deutsche Private Equity (DPE), a growth investor in the DACH region, has closed the DPE Continuation Fund I (DPE CF I) at cEUR 708 million. DPE CF I was formed to invest in Eraneos Group (Eraneos) and valantic Group (valantic) – two investments acquired by funds managed by DPE (DPE Fund III) in 2017 and 2019, respectively – and to provide additional capital and time to continue their highly successful growth strategies that have been implemented since DPE’s initial investments in both companies.
DPE CF I has been capitalised by a consortium of leading global secondary investors, led by AlpInvest Partners and co-led by HarbourVest Partners and Pantheon Ventures, alongside several further new and existing investors. DPE CF I has offered a highly attractive outcome to DPE Fund III investors, who had the option to crystallise returns or continue to support the growth strategies of Eraneos and valantic by participating in DPE CF I.
Under DPE’s ownership and the leadership of their respective, impressive management teams, Eraneos and valantic continued their significant growth trajectories, establishing both companies as two of the DACH region’s leading technology & digital transformation consultancies. As such, Eraneos and valantic have increased their revenues by over 270% and 240%, respectively, under DPE’s ownership, while completing over 20 add-on acquisitions combined.
DPE CF I will continue this successful investment strategy, deploying additional capital that has been raised in this transaction across a number of value-accretive add-on transactions and broader organic growth initiatives. Management teams of both firms stay significantly invested and are highly committed to continue to drive long-term success.
