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Laxman Pai, Opalesque Asia:

DPE Deutsche Private Equity (DPE), a growth investor in the DACH region, has closed its DPE Continuation Fund I (DPE CF I) on around EUR 708m ($686m) to remain invested in the two assets.

According to a media note from the German private equity firm, DPE CF I was formed to invest in Eraneos Group and Valantic Group - two investments acquired by funds managed by DPE (DPE Fund III) in 2017 and 2019, respectively - and to provide additional capital and time to continue their growth strategies that have been implemented since DPE's initial investments in both companies.

According to the company, Eraneos and Valantic have increased their revenues by over 270% and 240%, respectively, under DPE's ownership, while completing over 20 add-on acquisitions combined.

The fund was led by AlpInvest Partners, HarbourVest Partners, and Pantheon Ventures, alongside several further new and existing investors.

Marc Thiery, the Managing Partner at DPE, said: "We are delighted to have successfully raised DPE CF I and to finance the next chapter of value creation for Eraneos and Valantic. We believe there is a significant opportunity for further growth at both companies, and we look forward to continuing our successful partnership with the outstanding management teams we have in place."

Guido Prehn, Managing Director at DPE said: "We are very excited about the next stage of our ownership in Eraneos and Valantic, and to continue to advis......................

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