Latham & Watkins Advises DBAG on Extension of Investment in Solvares Group

Latham & Watkins LLP has advised DBAG ECF III, advised by Deutsche Beteiligungs AG (DBAG), in connection with a GP-led continuation fund transaction, prolonging DBAG’s investment in its portfolio company, Solvares Group.

Solvares Group is a leading German provider of field service management, field sales management, and transport management and logistics solutions. The DBAG Solvares Continuation Fund reached its hard cap size of €130 million and is capitalized by a lead investor, as well as existing and new investors.

Latham & Watkins regularly advises DBAG funds and its portfolio companies on transactions, most recently on the sale of a significant stake in Solvares Group to Five Arrows. Five Arrows, together with the DBAG Solvares Continuation Fund and DBAG, will continue to support the company’s future growth journey.

The Latham team was led by Munich corporate partners Stephan Hufnagel and Rainer Traugott, with associates Chris Freitag, Lena Hummel, and Julian Glaub. Advice was also provided on tax matters by Munich partner Ulf Kieker.

DBAG inhouse team: Florian Döring and Carolin Keferstein