YPOG advises DUBAG on the €80m fundraising of its latest fund
Munich/ Berlin — The DUBAG team is pleased to announce the final closing of its third, oversubscribed LEO III fund with a total investment volume of EUR 80 million. — Despite a challenging fundraising environment, the DUBAG team was able to close the new LEO III fund with the targeted cap of EUR 80 million in investor commitments. With this volume, LEO III is roughly twice as large as its predecessor.
The investment focus of the new LEO III fund is on companies in special situations, in particular spin-offs from conglomerates and tail-end situations of PE investors on a fund basis. The target turnover ranges from EUR 20 million to EUR 400 million. LEO III invests equity tickets from EUR 5 to 20 million and has direct access to a broad network of financing partners willing to support challenging situations. Transactions with electric vehicles of up to EUR 125 million are included in the scope of investment.
“The coming years offer numerous exciting investment opportunities with a variety of special situations. With us, investors have the opportunity to participate in these interesting opportunities. Our track record shows attractive returns for our investors,” explains Emanuel Cattanei (photo © DUBAG), Partner M & A at DUBAG. “The interest shown by institutional investors in the new fund has significantly exceeded our expectations.”
YPOG provided comprehensive legal advice to DUBAG Group on the final closing of its third fund Lenbach Equity Opportunities III.
Like its predecessor, the new fund is specifically structured to enable active support of the portfolio companies by the DUBAG Group. This commercial structure sets the DUBAG Group apart from many other German PE investors.
About the DUBAG Group
The DUBAG Group is a Munich-based private equity investor. The private equity funds set up by DUBAG specialize in the acquisition of companies in special situations. With the use of financial and professional resources, pragmatism, expertise, strategy and long-term vision, the DUBAG Group supports its portfolio companies in their day-to-day business, always keeping an eye on continuous improvement and sustainable growth. The current portfolio comprises seven companies with a total turnover of more than 700 million euros in various sectors in ten countries. www.dubag.eu
Advisor DUBAG: YPOG
Dr. Fabian Euhus (Lead, Funds), Partner, Berlin
Dr. Helder Schnittker (Tax, Funds), Partner, Berlin
Dr. Saskia Bong (Tax, Funds), Associate, Berlin
Dr. Dajo Sanning (Tax, Funds), Associate, Berlin/Hamburg Dr. Jannik Zerbst (Funds), Associate, Berlin/Hamburg
About YPOG
YPOG is a law firm specializing in tax and commercial law, active in the core areas of funds, tax, banking + finance and transactions. The YPOG team advises a wide variety of clients. These include emerging technology companies and family-run medium-sized enterprises as well as corporations and private equity/venture capital funds. YPOG is one of the leading addresses for venture capital, private equity and fund structuring in Germany. The firm and its partners are ranked nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, Chambers and Partners and Leaders League. Today, YPOG employs more than 120 experienced lawyers, tax consultants, tax specialists and a notary in three offices in Berlin, Hamburg and Cologne.