Key Takeaways
- • CVC Capital Partners Fund VII has agreed to sell its 20% minority stake in DKV Mobility Group SE back to the Fischer family, the company's majority shareholder, ending a five-year partnership that began in 2019.
- • The Fischer family, which has held a stake in DKV Mobility since 1959, will repurchase CVC's minority holding to return the company to full family control, financing the transaction through external arrangements.
- • DKV Mobility is a leading European platform for international mobility services, positioning the company as a significant player in the cash-free road toll and mobility services sector.
- • CVC's exit represents a complete departure from the investment, with no ongoing relationship between the fund and the company following the transaction completion.
- • Legal counsel HEUKING and Clearwater advised on the transaction, with HEUKING representing CVC and Clearwater advising the Fischer family on financing the repurchase.
Summary
CVC Capital Partners Fund VII has reached an agreement to exit its minority stake in DKV Mobility Group SE by selling its 20% shareholding back to the Fischer family, the company's controlling shareholder. The transaction concludes CVC's five-year investment in the German-based mobility services provider, which commenced in 2019.
Under the terms of the agreement, the Fischer family will repurchase CVC's entire minority position, restoring the company to full family ownership. The Fischer family has maintained a connection to DKV Mobility since 1959, and this transaction consolidates their long-term governance of the company. The family financed the repurchase through external arrangements, with Clearwater providing advisory services on the financing structure.
DKV Mobility operates as a leading platform for international mobility services, with particular strength in cash-free road toll operations across Europe. The company's platform position and established market presence in the mobility services sector underpin its strategic value to the Fischer family's long-term growth strategy.
CVC's investment period aligned with the company's development phase, and the exit marks a clean termination of the fund's involvement. Legal counsel HEUKING advised CVC Capital Partners Fund VII comprehensively on the resale transaction, including all aspects of the minority stake disposition and partnership wind-down.
This transaction reflects a successful exit for CVC's fund following a defined investment cycle, while enabling the Fischer family to execute a consolidation strategy centered on family-controlled ownership and long-term operational continuity in the European mobility services market.
Under the terms of the agreement, the Fischer family will repurchase CVC's entire minority position, restoring the company to full family ownership. The Fischer family has maintained a connection to DKV Mobility since 1959, and this transaction consolidates their long-term governance of the company. The family financed the repurchase through external arrangements, with Clearwater providing advisory services on the financing structure.
DKV Mobility operates as a leading platform for international mobility services, with particular strength in cash-free road toll operations across Europe. The company's platform position and established market presence in the mobility services sector underpin its strategic value to the Fischer family's long-term growth strategy.
CVC's investment period aligned with the company's development phase, and the exit marks a clean termination of the fund's involvement. Legal counsel HEUKING advised CVC Capital Partners Fund VII comprehensively on the resale transaction, including all aspects of the minority stake disposition and partnership wind-down.
This transaction reflects a successful exit for CVC's fund following a defined investment cycle, while enabling the Fischer family to execute a consolidation strategy centered on family-controlled ownership and long-term operational continuity in the European mobility services market.
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