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YPOG advises DUBAG on the €80 million fundraising of its latest fund

Berlin, March 2024 YPOG advised the DUBAG Group on the final closing of its third fund Lenbach Equity Opportunities III. with capital commitments of €80 million. With this volume, LEO III. is approximately twice the size of its predecessor.

The investment focus of the new LEO III fund is on companies in special situations, in particular carve-outs from conglomerates and tail-end situations of fund-based PE investors. Like its predecessor, the new fund is specifically structured to enable active support of the portfolio companies by the DUBAG Group. This trading structure sets the DUBAG Group apart from many other German PE investors.

The team led by Fabian Euhus regularly advises DUBAG on fund structuring and other legal topics.


Dr. Fabian Euhus (Lead, Funds), Partner, Berlin
Dr. Helder Schnittker (Tax, Funds), Partner, Berlin
Dr. Saskia Bong (Tax, Funds), Associate, Berlin
Dr. Dajo Sanning (Tax, Funds), Associate, Berlin/Hamburg
Dr. Jannik Zerbst (Funds), Associate, Berlin/Hamburg

About DUBAG Group

The DUBAG Group is a specialised Munich based investment advisory team. DUBAG manages Private Equity Funds, which aim at the acquisition and active development of companies in special situations. With the implementation of the financial and professional resources, applying pragmatism, expertise, strategy and long-term vision, DUBAG supports its portfolio companies in their day-to-day business, keeping a close eye on continuous improvement and sustainable growth. The current portfolio comprises seven companies with a total turnover of more than EUR 700 million across different industries in ten countries.

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About us

YPOG is a law firm specialized in tax and business law, active in the core fields of Funds, Tax, Banking + Finance, and Transactions. The team at YPOG represents a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations, as well as private equity, and venture capital funds. YPOG is one of the leading advisors for venture capital, private equity, and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, Chambers and Partners as well as Leaders League. Today, YPOG has more than 120 experienced lawyers and tax specialists and a notary, in three offices, located in Berlin, Hamburg, and Cologne.