Deutsche Beteiligungs invested €8m in German IT company Cloudflight.

Deutsche Beteiligungs, a private equity firm specializing in direct and fund of fund investments, invested €8m in Germany-based Cloudflight, an IT services provider focusing on digitisation and cloud-based transformation. “Our success over the past fifteen years has increased the size of funds we advise. Yet the market for corporate investments has not grown to the same extent”, said Torsten Grede, Spokesman of DBAG's Board of Management. “This is why we have been targeting business models outside industrial manufacturing for quite some time. Established providers of software and IT services offer significant potential for growth and value appreciation.”