PE Deals

DBAG to buy majority stake in TBD Technische Bau Dienstleistungen

TBD is a service provider for critical infrastructure and is based in Friedeburg, Germany.

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  • TBD’s founders, Uwe Jahnke and Wilfried Eschen, will remain as minority shareholders
  • DBAG is a private equity firm that focuses on mid-market companies in the DACH region
  • The firm is based in Frankfurt, Germany

Deutsche Beteiligungs (DBAG), via a management buyout, will acquire majority stake in TBD Technische Bau Dienstleistungen (TBD), a service provider for critical infrastructure, from its founders.

No financial details of the transaction were disclosed.

TBD is headquartered in Friedeburg, Germany. The company provides technical construction services.

TBD’s founders, Uwe Jahnke and Wilfried Eschen, will remain as minority shareholders, while Jahnke, alongside TBD’s team, will lead the company solely.

“Driven by the shift towards alternative energy sources and the derived demand in the market, TBD is in a strong position with a very promising trajectory ahead,” said Jannick Hunecke, board member of management of DBAG. “Furthermore, we see strong prospects to accelerate growth. And with our comprehensive experience, we can contribute to an enhancement of TBD’s competence profile and a further diversification of its client portfolio.”

This transaction, subject to regulatory approval, is expected to be close in August 2023.

DBAG, based in Frankfurt, Germany, is a private equity firm that focuses on mid-market companies in the DACH region. The firm has around €2.6 billion of assets under management.