- Heytex manufactures technical textiles
- Deutsche Beteiligungs first invested in Heytex in December 2012
- Heytex entered the US market through the takeover of a US competitor in December 2014
Deutsche Beteiligungs’s DBAG Fund V exited its investment in Heytex, a manufacturer of technical textiles serving various end markets. DBAG will sell its shares in the company to Bencis, an investor with offices in Germany, the Netherlands and Belgium.
Based in Bramsche in Germany, Heytex is a manufacturer of functional technical textiles with four production sites on three continents: Bramsche and Eberbach-Neugersdorf in Germany, Zhangjiagang in China and Pulaski in the US. Heytex’s products are used as tarpaulins, tents, sports mats, shade-sails, stadium roofs, oil booms and water tanks, among other things.
Under DBAG’s ownership, Heytex completed multiple acquisitions, including the 2021 takeover of Tencate, an operator in the tents and marquees industry based in the Netherlands. In 2014, Heytex entered the US market through the takeover of a US competitor.
The Heytex exit concludes DBAG Fund V, which made 11 investments.
Frankfurt-headquartered Deutsche Beteiligungs is a listed private equity company with approximately €2.5 billion in assets under management or advisory.