- Avrio’s founders will retain a material minority share
- DBAG is a private equity firm that focuses on mid-market companies in the DACH region
- The firm has around €2.6bn of assets under management
Deutsche Beteiligungs AG (DBAG) will acquire a majority stake in Avrio Energie, a biogas platform, from family owned Leyendecker Group.
No financial details of the transaction were disclosed.
Avrio Energie is headquartered in Frankfurt, Germany.
DBAG will provide financial resources to support the Avrio’s expansion plans, according to a release.
Avrio’s founders will retain a material minority share.
“Avrio Energie’s expertise in operating biogas plants positions them as a key player in this field, and we will support them in pursuing its organic growth and buy-and-build strategy,” said Tom Alzin, spokesman of the board of management of DBAG.
The completion of the purchase agreement is expected at the end of July 2023.
DBAG, based in Frankfurt, Germany, is a private equity firm that focuses on mid-market companies in the DACH region. The firm’s assets under management amount to around €2.6 billion.