Deutsche Beteiligungs AG (“DBAG”) invests in Cloudflight, an IT services provider focusing on digitisation and cloud-based transformation. For this purpose, DBAG Fund VII (advised by DBAG), will acquire majority stakes in Austria’s Catalysts GmbH and in Crisp Research AG, within the scope of a management buyout. Going forward, these two companies will be operating as Cloudflight – a group of companies which will support SMEs, public-sector authorities and corporate groups in implementing and accelerating their digital transformation. As existing shareholders, the two founders of Catalysts and Crisp Research will each retain a significant stake in the business. DBAG will co-invest around 8 million euros from its own funds, which means that around twelve per cent of the shares in future Cloudflight Holding GmbH will be attributable to DBAG on a look-through basis. Further acquisitions are planned, within the framework of a growth strategy. Consummation of the purchase agreement is subject to approval by the competent antitrust authorities; closing is expected for June 2019. The parties have agreed not to disclose the terms of the sale.