Deutsche Beteiligungs AG (DBAG) is investing in SERO Schröder Elektronik Rohrbach GmbH (Sero), a development and manufacturing service provider for electronic components. DBAG Fund VII, which is advised by DBAG, will acquire a majority stake in Sero as part of a management buyout (MBO). The previous shareholders are the family members of the company’s founder Armin Schröder, who will leave the management of the company following the transaction. DBAG will invest around eleven million euros alongside DBAG Fund VII, which will in the future account for around 20 percent of the shares in Sero. Members of Sero’s management will also retain stakes in the company. The purchase contract is is subject to the approval of the competition authorities and is expected to close in November 2018.. The parties have agreed not to disclose the purchase price.