Munich/Ditzingen/Schio, July 4, 2025: In line with its strategy of investing in high-potential industrial assets, the LEO III Fund has signed an agreement with TRUMPF to acquire the Additive Manufacturing (Laser Metal Fusion (LMF) / Powder Bed Fusion (PBF/LPBF)) business, a pioneer in additive manufacturing technologies. The transaction highlights DUBAG’s role as a reliable and responsible partner for large corporations in executing complex carve-outs.

Strategic realignment of the Business following the Carve-out

The new group aims to establish itself as a technologically leading, internationally operating solution provider for metallic 3D printing. The focus is on the development, manufacturing, implementation, and sales of comprehensive solutions that go beyond the mere delivery of machines. As part of the carve-out, internal structures and processes will be simplified to address customer needs more quickly and effectively worldwide. Customers will benefit not only from innovative equipment but also from extensive application consulting, process development, automation solutions, and integration concepts covering the entire value chain.

In particular, the specific requirements of OEMs and their suppliers in the aerospace and medical technology industries will be addressed, as well as those of specialized contract manufacturers focusing on industrial series production in metallic 3D printing. The future market strategy targets the aerospace, medical technology, dental, and general industrial sectors.

The completion of the transaction is subject to approval by relevant authorities and the fulfillment of all contractually agreed conditions.

A big thank-you to everyone who supported us on this transaction.
Especially our DUBAG deal team for their dedication and tireless work throughout the process:

Dealteam: Emanuel Cattanei, Sebastian Stalter, Alexander Preuss, Raphael Marold and Sven Lüdiger
Legal: Sven Schweneke, Laurenz Kiefer, and their team Taylor Wessing, as well as Daniela Andreatta and her team from Orrick, Herrington & Sutcliffe LLP in Italy

Download the press release here.

31st January 2025, DUBAG Group starts the year 2025 with a strong acquisition: As part of the LEO III Fund, we have successfully acquired Universum Global, a leading global specialist for employer branding.

A global player in employer branding
Headquartered in Stockholm, Universum provides data-driven insights and strategies to help companies attract and retain top talent. Through decades of research and close collaboration with leading companies, universities and media, Universum has established itself as a reliable partner in the talent market.

Our vision for Universum
Dr. Michael Schumann, CEO of the DUBAG Group, emphasizes:
“Universum enjoys an excellent reputation as a global market leader. We see great potential in expanding our digital offering and global reach. Our aim is to drive innovation, strengthen customer relationships and open up new growth opportunities.”

Next Steps
Under the new ownership, Universum will continue to operate independently but will benefit from our expertise in strategic development and operational excellence. Planned investments include AI-powered analytics, digital tools and international expansion to better support clients.

A strategic move for all parties involved
This transaction is an important milestone for Universum on its path to further growth. At the same time, it enables The Stepstone Group to focus even more strongly on its core business in digital recruiting.

With this acquisition, the DUBAG Group is continuing its strategy of sustainably developing promising companies and creating long-term added value.

On June 20th 2024, Sven Lüdiger joined the DUBAG team as an Investment Analyst.

Sven studied at the University of Münster and University of California Berkeley Haas School of Business and graduated with a Bachelor of Science in Business Administration and a Master of Science in Finance and Economics. He started at DUBAG as an Intern before joining as full-time Analyst. Prior to DUBAG, he gained foundational expertise in the financing of SME with an apprenticeship in banking at Nord/LB. Sven also brings valuable experience from his internships in structured finance (energy/infrastructure) at Nord/LB London, corporate finance at Fresenius Kabi and private equity with a focus on succession issues at VR Equitypartner.

We are delighted to welcome Sven to the team and look forward to a successful collaboration!

On December 1st 2023, Fabian Hilke joined the DUBAG team as an Investment Analyst.

Fabian graduated from International School of Management with a Bachelor of Arts in Management and holds a Master of Science in Finance from Nova School of Business and Economics. He started at DUBAG as an Intern before joining as full-time Analyst. Prior to DUBAG, he gained foundational expertise in Private Equity during his internships at Family Trust Investor and AUCTUS Capital Partners

We are delighted to welcome Fabian to the team and look forward to a successful collaboration!

Munich, 01 August 2024 – The investment fund Lenbach Equity Opportunities II. GmbH & Co. KG (“LEO II. Fund”), exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”), has successfully sold its 100% stake in ATOZ Facility Solutions GmbH (“ATOZ”) to HOWOGE Wohnungsbaugesellschaft mbH (“HOWOGE”), a municipal housing company of the State of Berlin.

 

About ATOZ:

ATOZ Facility Solutions GmbH is an established player in the field of technical and infrastructural facility management, offering comprehensive services such as cleaning, janitorial services, green space care as well as maintenance servicing and minor repair management.

As part of the carve-out from the Interzero Group in 2022, ATOZ – under the management of the LEO II. Fund – was positioned as an independent company within the market. Since the takeover, the DUBAG team has actively contributed to the continued successful development of the company.

 

Sale to HOWOGE:

“We consider HOWOGE to be the best new home for ATOZ” explains Christoph Mödder, Partner at DUBAG and Managing Director of the LEO II. Fund. “The integration of ATOZ into HOWOGE fits perfectly into HOWOGE’s own performance strategy and we are convinced that HOWOGE will be a trustworthy partner for the long-term development of ATOZ.”

 

About LEO II:

The LEO II. Fund was launched in 2019 by the initiators and with capital commitments from institutional investors to acquire and strategically reposition companies in special situations. The takeover of units from listed groups is one of the most common special situations in which the LEO II. Fund, exclusively advised by DUBAG (www.dubag.eu), is involved.

 

About HOWOGE:

HOWOGE Wohnungsbaugesellschaft mbH is one of the six municipal housing companies of the State of Berlin. With its own housing stock of around 76,400 flats (as at 31 December 2023), the company is one of the largest landlords in Germany. HOWOGE intends to expand its residential portfolio to around 100,000 flats in the medium to long term, particularly through new construction.

 

Advisors to LEO II. Fund:

As part of the sale, the LEO II. Fund, in addition to DUBAG, was advised by:

M&A: Taurus Advisory / Dr. Dirk Findeisen, David B. Kauter (Bad Soden am Taunus)

Legal: Heuking Kühn Lüer Wojtek / Dr. Andreas Lenz (Cologne)