Capvis Equity IV LP, fund managed by Capvis Equity Partners AG along with Deutsche Beteiligungs AG's management signed an agreement to acquire ProXES GmbH from DBAG Fund V managed by Deutsche Beteiligungs AG (DB:DBAN) on May 18, 2017. ProXES' management will re-invest substantially. Capvis Equity will acquire majority stake in ProXES GmbH. The financing banks - Commerzbank, NIBC and SEB - had mandated Latham & Watkins. For the year 2016, ProXES reported revenues of €112 million. The transaction is subject to antitrust and customary regulatory approvals and is expected to close within the next three months. Christian Delgado, Barbara Veldmaat and Fleur van Assendelft de Coningh of CMS Derks Star Busmann, Stefan Brunnschweiler, Andrea Ferchl, Anna Tomaschek and Simone Brauchhäuser of CMS von Erlach Poncet and Hendrik Hirsch, Katja Pohl, Holger Pattberg, Anke Lydia Appel, Anke Kötter, Marcus Fischer, Markus M. Pfaff, Sebastian Bergenthal, Tobias Polloczek, Sebastian Sedlak and Boris Alles of CMS Hasche Sigle acted as legal advisors to Deutsche Beteiligungs AG. Michael Bernhardt, Matthias Schell, Alexander Rinne, Andreas Boos and Leopold Riedl of Milbank, Tweed, Hadley & McCloy LLP and Bernd Egbers, Christiane Bestgen, Isabell Pöller, Kim Desmarais, Samir Ahuja and Misha Daha of Ashurst Munich acted as legal advisors to Capvis Equity. Alexandra Hagelüken and Philipp Vorbeck of Latham & Watkins acted as legal advisors to the banks. Tilmann Siebert of Reed Smith Munich acted as legal advisor for DBAG. Werner Schulte of Environmental Resources Management Limited acted as environmental due diligence advisor for DBAG. Matt Gooch of William Blair & Company, L.L.C. acted as financial advisor for DBAG. Deloitte & Touche GmbH Wirtschaftsprüfungsgesellschaft acted as accountant for DBAG. Androschin & Partner Management Consulting GmbH acted as commercial due diligence advisor for DBAG. Merrill DataSite acted as pensions and actuarial advisor for DBAG. NIBC Bank N.V acts as financial advisor to Capvis Equity Partners AG