Deutsche Private Equity completed the acquisition of a majority stake in TKD.

Deutsche Private Equity, a German private equity firm, completed the acquisition of a majority stake in TKD, a mobile services provider offering device rental, provision, registration, repair, and maintenance solutions. Financial terms were not disclosed. "We are very impressed by TKD’s solution-orientated applications, which provide customers with the best possible support for administrative and IT challenges. We see significant growth potential not only nationally, but also internationally, as well as an attractive value lever in the financing of the devices and look forward to working with TKD," Andreas W. Schmid, DPE Partner.