DBAG Expansion Capital Fund, managed by Deutsche Beteiligungs AG (DB:DBAN) and the management of netzkontor nord GmbH agreed to acquire a majority stake in netzkontor nord GmbH from Dirk Müller and Peter Schmidt at the end of December 2017. DBAG ECF will acquire the majority of shares in netzkontor. For its co-investment alongside DBAG ECF, DBAG will invest up to €4.6 million from its balance sheet. Dirk Müller and Peter Schmidt will retain the remaining shares and continue to serve as netzkontor’s managing partners. In 2017, netzkontor generated sales of approximately €8 million. The transaction is expected to complete in January 2018. Peter Leube of Bird & Bird LLP, Germany acted as legal advisor, Peter Gröningerm Alke Fiebig and Ann-Kristin Lochmann of PricewaterhouseCoopers Transaction Services Germany provided financial and tax due diligence to Deutsche Beteiligungs AG. Werner Hanf of Werner Hanf Unternehmensberatung acted as commercial due diligence provider for Deutsche Beteiligungs AG. Thilow Hauke of Brock Müller Ziegenbein acted as legal advisor and Christian Fest of Landpoint acted as financial advisor for Dirk Müller and Peter Schmidt.