The analysis exclusively covered transactions where financial investors acquired a majority stake alongside the management team, and which had a transaction value of between 50 and 250 million euros for the debt-free company. This information was compiled from publicly available sources, together with estimates and research by DBAG in cooperation with the German industry magazine FINANCE.
cf. press release of 28 January 2021: Buyout activity in Germany's Mittelstand at a high level – Pandemic prevents further market volume growth