Five Arrows to acquire a majority stake in Solvares from Deutsche Beteiligungs.

Five Arrows, a private equity firm, agreed to acquire a majority stake in Solvares, a provider of SaaS services, from Deutsche Beteiligungs, a German investment company. Financial terms were not disclosed. “Our solutions deliver mission critical value to our customers daily. Our business has developed strongly in recent years and I am excited to continue executing our growth roadmap over the coming years and develop Solvares into the European leader for field management and logistics software. With their deep global experience in scaling B2B software businesses and long‑term investment perspective, Five Arrows was our partner of choice to help us drive this next phase in our journey. We are grateful for DBAG’s strong support to date and are pleased they will remain our investors alongside Five Arrows," Ivan Bagaric, Solvares CEO.