DBAG Fund VII, a fund managed by Deutsche Beteiligungs AG (DB:DBAN) and Duagon AG's management agreed to acquire Duagon AG from Duagon AG's management on June 20, 2017. In a first step, DBAG Fund VII will acquire all of the shares in Duagon AG in a management buyout by investing €60.6 million. In a second step, Duagon AG’s management will co-invest resulting in DBAG Fund VII spending up to €13.7 million from Deutsche Beteiligungs’ balance sheet for its co-investment and will hold an interest of up to 22.4% in Duagon AG. In 2016, Duagon reported annual turnover of €19 million. The purchase contract is expected to close in July 2017. Christoph Neeracher, Luca Jagmetti, Yves Suter,Philippe Seiler and Susanne Schreiber of Bär & Karrer AG acted as a legal advisors to Duagon AG and Ralf Herrmann, Alain Moroni, Dave Weintraub of ALANTRA Deutschland GmbH acted as financial advisor to the equity provider/funders. Homburger acted as a legal advisor and Richard Siedek, Peter Gröninger, Frank Minder, Marc Huber of PWC acted as a financial advisor to debt provider. Credit Suisse acted as a M&A advisor, Sarah Hagenkötter of Marsh acted as advisor for Risk & Insurance due diligence, Werner Schulte, Yara Sattler of ERM acted as advisor for environmental due diligence, Gleiss Lutz of Linklaters acted as advisor for structure & compliance, Norbert Rauh of Androschin & Partners acted as advisor for commercial due diligence to the management of Duagon AG. Alexander Fischer, Ingo Strauss, Petra Hanselmann, Matthias Trautmann, Roger Bischof, Lena von Richthofen, Jana Upschulte, Philip Spoerle, Markus Wolf, Silke Fritz, Michael Fammler, Philip Schmitz, Sylvia Polydor, Holger Lutz, Tobias Born, Tobias Rohner, Andrea B. Bolliger, Susanne Liebel-Kotz, Peter Reinert, Anne-Catherine Hahn, Jonas Walker, Philippe Monnier and Alexander Seiler of Baker & Mckenzie Partnerschaft Von Rechtsanwälten Wirtschaftsprüfern,Steuerberatern Und Solicitors acted as a legal advisor to Deutsche Beteiligungs AG. Credit Suisse International Holding AG acted as financial advisor to Duagon AG.