Five Arrows and Deutsche Beteiligungs AG (DBAG) partner to advance Solvares’ next stage of growth.


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  17 April 2024  ·    Bettina Marksteiner
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."

Solvares Group – Everything is Solvable.
The Solvares Group is the European champion for resource optimisation along the entire value chain. Solvares’ portfolio includes solutions for the entire supply and service chain - from transport logistics to sales to field service. The business focus is always on intelligent resource and process optimisation through best-of-breed solutions for customers.

The Solvares Group was formed in 2018 with the acquisition of FLS GmbH. The expansion with impactit GmbH from Vienna, Städtler Logistik GmbH from Nuremberg and Opheo Solutions GmbH from Hamburg in 2021 created a market leader for resource optimisation in Europe. In June 2022, mobileX AG from Munich joined as the fifth company. The group employs 339 people across 5 countries. Solvares is headquartered in Heikendorf, Germany.

Learn more about the Solvares Group:
About the Group
Ivan Bagaric is the new CEO of Solvares Group

About Five Arrows
Five Arrows is the alternative assets arm of Rothschild & Co and has €26 billion AuM with offices in Paris, London, New York, Los Angeles, San Francisco and Luxembourg. With over €9 billion of assets under management, the corporate private equity business of Five Arrows is focused on investing in companies with highly defensible market positions; strong management teams; business models with high visibility of organic unit volume growth and strong unit economics; and multiple operational levers that can be used to unlock latent value. Sectors are limited to data and software, technology‑enabled business services and healthcare. For more information, please visit

About Deutsche Beteiligungs AG
Deutsche Beteiligungs AG (DBAG) has been listed on the stock exchange since 1985 and is one of the most renowned private equity firms in Germany. As an investor and fund advisor, DBAG traditionally focuses on mid-market companies in Germany, Austria and Switzerland (the DACH region), and especially on well-positioned companies offering growth potential. DBAG’s sector focus is on manufacturers, industrial service providers and IndustryTech enterprises – businesses whose products facilitate automation, robotics and digitalisation – as well as on companies from the broadband/telecommunications, IT services, software and healthcare sectors. DBAG has also maintained a presence in Italy since 2020 with its Milan office. DBAG Group’s assets under management or advisory amount to approximately 2.6 billion euros. Within the scope of the strategic partnership with ELF Capital Group, DBAG is expanding its range of flexible financing solutions for mid-market companies to include private debt.

Bettina Marksteiner
Marketing & Media

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