Funds advised by Munich-based independent private equity firm Deutsche Private Equity (DPE) have acquired a majority stake in TKD Group, a provider of rental models for mobile devices. The substantial investment, which is in the three-digit million range, will be reinvested into the company to drive further growth. TKD offers large companies with international operations a circular economy model for renting mobile devices, helping them meet ESG requirements and alleviate burdens on their purchasing, IT, and finance departments. The company uses a SaaS platform, TKD.360, to streamline mobile device management, and the DPE partnership is expected to accelerate its technological development and platform expansion.

Private Equity, Technology, Sustainability,Germany