PRESS    FIVE ARROWS NEW INVESTOR 

Heikendorf near Kiel, Germany, 17 April 2024 – Solvares Group (“Solvares” or “the Company”), the leading German provider of Field Service Management, Field Sales Management, and Transport Management & Logistics solutions, today announced the acquisition of a material equity stake by Five Arrows, the alternative assets arm of Rothschild & Co. Five Arrows targets category‑leading B2B data and software sectors across a focused set of end‑markets including field service and logistics. The Company’s current owner DBAG ECF III, a fund advised by DBAG, together with DBAG itself, will maintain a significant equity stake in Solvares and look forward to supporting the next phase of Solvares’ growth journey in close partnership with Five Arrows. Financial terms of the transaction were not disclosed.

Solvares provides industry-leading software to help its customers plan, manage, and optimise their field service & maintenance, sales and transport logistics. Sitting at the centre of resource and mobility management, Solvares’ platform of solutions helps over 3,000 customers in 45 countries solve complex use cases through proprietary algorithms and best-of-breed technology, thereby delivering tangible efficiency savings for field centric organisations while significantly reducing resource consumption and CO2 emissions.

Ivan Bagaric, Chief Executive Officer of Solvares said, "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.”

Sacha Oshry and Karl Geisel, partners at Five Arrows Principal Investments (FAPI) added, "Solvares impressed us with their ability to grow organically and to execute targeted acquisitions maintaining industry‑leading levels of customer satisfaction. With an ever-increasing need for resource-optimisation, we believe in Solvares’ ability to continue its strong growth trajectory in the DACH region and to accelerate international expansion to become a European category leader."

Tom Alzin, spokesman of the Board of Management at Deutsche Beteiligungs AG commented, "The high growth dynamics of the market, combined with investments in product enhancements and targeted international company acquisitions, have significantly contributed to forming the leading business that Solvares is today. We are proud to partner with the management team and Five Arrows and remain excited about the future prospects of the Company in its next phase of growth."