


{"id":60354,"date":"2026-06-03T10:35:30","date_gmt":"2026-06-03T08:35:30","guid":{"rendered":"https:\/\/www.fyb.de\/buy-out-dbag-ecf-iv-acquires-majority-stake-in-tnl-group\/"},"modified":"2026-06-03T10:42:51","modified_gmt":"2026-06-03T08:42:51","slug":"buy-out-dbag-ecf-iv-acquires-majority-stake-in-tnl-group","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/buy-out-dbag-ecf-iv-acquires-majority-stake-in-tnl-group\/","title":{"rendered":"Buy out: DBAG ECF IV acquires majority stake in TNL&nbsp;Group"},"content":{"rendered":"<p>Frank\u00adfurt am Main \u2014 Deut\u00adsche Betei\u00adli\u00adgungs AG (DBAG) is inves\u00adt\u00ading in the TNL Group (TNL), a leading specia\u00adlist for envi\u00adron\u00admen\u00adtal plan\u00adning and permit\u00adting consul\u00adting in the field of energy and trans\u00adpor\u00adta\u00adtion infra\u00adstruc\u00adture. DBAG ECF IV, a fund advi\u00adsed by DBAG, will acquire a majo\u00adrity stake in TNL as part of a manage\u00adment buy-out. The tran\u00adsac\u00adtion was initia\u00adted bila\u00adte\u00adrally through DBAG\u2019s network and once again under\u00adlines the quality and resi\u00adli\u00adence of its access to attrac\u00adtive mid-market tran\u00adsac\u00adtions. TNL foun\u00adder and co-mana\u00adging direc\u00adtor Frank Berns\u00adhau\u00adsen and other members of the manage\u00adment team will re-invest a signi\u00adfi\u00adcant amount. The closing of the tran\u00adsac\u00adtion is subject to regu\u00adla\u00adtory appr\u00adovals.     The parties have agreed not to disc\u00adlose the purchase price.<\/p>\n<p>TNL sets the course for the expan\u00adsion of the energy tran\u00adsi\u00adtion and trans\u00adport infrastructure<br>\nTNL is a specia\u00adlist provi\u00adder of envi\u00adron\u00admen\u00adtal plan\u00adning, appr\u00adoval consul\u00adting and cons\u00adtruc\u00adtion services for complex infra\u00adstruc\u00adture projects. Foun\u00added in 1994 by Frank Berns\u00adhau\u00adsen, the company star\u00adted out as a consul\u00adtancy firm and today supports chal\u00adlen\u00adging cons\u00adtruc\u00adtion projects such as wind and solar parks, high-voltage and extra-high-voltage power lines and trans\u00adport infra\u00adstruc\u00adture projects.&nbsp;<\/p>\n<p>TNL supports its clients along the entire project chain: from the preli\u00admi\u00adnary ecolo\u00adgi\u00adcal study to the offi\u00adcial appr\u00adoval process and subse\u00adquent cons\u00adtruc\u00adtion super\u00advi\u00adsion and implementation.<\/p>\n<p>TNL also has special exper\u00adtise in projects with complex ecolo\u00adgi\u00adcal issues, is charac\u00adte\u00adri\u00adzed in parti\u00adcu\u00adlar by the deve\u00adlo\u00adp\u00adment of prac\u00adti\u00adcal solu\u00adti\u00adons and is estab\u00adlished as a service provi\u00adder for deman\u00adding large-scale projects with the four German trans\u00admis\u00adsion system opera\u00adtors TenneT, Amprion, 50Hertz and TransnetBW.<\/p>\n<p>The group of compa\u00adnies employs around 250 people at four loca\u00adti\u00adons. In 2025, they gene\u00adra\u00adted a total opera\u00adting perfor\u00admance of around 30 million euros.&nbsp;<\/p>\n<p><strong>Market charac\u00adte\u00adri\u00adzed by struc\u00adtu\u00adral growth<br>\n<\/strong><br>\n The invest\u00adment follows DBAG\u2019s stra\u00adtegy of making targe\u00adted invest\u00adments in compa\u00adnies that operate in struc\u00adtu\u00adrally attrac\u00adtive markets. The expan\u00adsion of trans\u00adport infra\u00adstruc\u00adture, the energy tran\u00adsi\u00adtion and the expan\u00adsion of the German trans\u00admis\u00adsion grids as part of the Network Deve\u00adlo\u00adp\u00adment Plan (NDP) are driving a sustained high demand for quali\u00adfied envi\u00adron\u00admen\u00adtal plan\u00adning services. This dyna\u00admic is also reflec\u00adted in TNL\u2019s deve\u00adlo\u00adp\u00adment: the company\u2019s core market has grown at an annua\u00adli\u00adzed double-digit percen\u00adtage rate since&nbsp;2020.&nbsp;<\/p>\n<p>This posi\u00adtive deve\u00adlo\u00adp\u00adment is also supported by long-term frame\u00adwork agree\u00adments. The attrac\u00adtive company profile is roun\u00added off by impres\u00adsive refe\u00adren\u00adces in system-rele\u00advant projects for the energy tran\u00adsi\u00adtion such as Sued\u00adLink, Sued\u00adOst\u00adLink and Rhein-Main-Link.&nbsp;<\/p>\n<p>Tom Alzin, CEO of Deut\u00adsche Betei\u00adli\u00adgungs AG, says: \u201cTNL is a true hidden cham\u00adpion in a non-cycli\u00adcal growth market. The company provi\u00addes indis\u00adpensable plan\u00adning services for projects that are essen\u00adtial for the success of the energy tran\u00adsi\u00adtion.\u201d He adds: \u201cFrank Berns\u00adhau\u00adsen and his team have built up a unique market posi\u00adtion over 30 years, which is based on a strong foun\u00adda\u00adtion of exper\u00adtise, project compe\u00adtence, trust in autho\u00adri\u00adties and custo\u00admers. We want to consis\u00adt\u00adently deve\u00adlop this strong foun\u00adda\u00adtion toge\u00adther with the management.\u201d&nbsp;<\/p>\n<p><strong>Conti\u00adnuity through long-term growth strategy<br>\n<\/strong><br>\n Since its foun\u00adda\u00adtion in 1994, TNL has deve\u00adlo\u00adped from a regio\u00adnal consul\u00adtancy firm into one of the leading provi\u00adders of envi\u00adron\u00admen\u00adtal plan\u00adning services for natio\u00adnal energy and trans\u00adpor\u00adta\u00adtion infrastructure.<\/p>\n<p>With DBAG ECF IV as the new majo\u00adrity share\u00adhol\u00adder, this growth course is to be consis\u00adt\u00adently contin\u00adued. This includes the imple\u00admen\u00adta\u00adtion of an advi\u00adsory board that will support the further deve\u00adlo\u00adp\u00adment of the company. In addi\u00adtion, the market presence in distri\u00adbu\u00adtion network opera\u00adtors, rail infra\u00adstruc\u00adture and in the areas of land resto\u00adra\u00adtion, climate adapt\u00ada\u00adtion, climate protec\u00adtion and water manage\u00adment is to be syste\u00adma\u00adti\u00adcally expan\u00added. TNL is also exami\u00adning company acquisitions.&nbsp;<\/p>\n<p>\u201cWe have deve\u00adlo\u00adped the stra\u00adtegy for the next growth phase toge\u00adther with Frank Berns\u00adhau\u00adsen and his team and have been on an equal footing from the outset. Our goal is clear: TNL should grow orga\u00adni\u00adcally and through targe\u00adted acqui\u00adsi\u00adti\u00adons, thus further diver\u00adsi\u00adfy\u00ading its custo\u00admer and exper\u00adtise base and consis\u00adt\u00adently deli\u00adve\u00adring the quality for which the company is known among its custo\u00admers. To this end, we are making targe\u00adted invest\u00adments in IT, proces\u00adses and employee deve\u00adlo\u00adp\u00adment,\u201d says <strong>Chris\u00adtoph Gro\u00df\u00ade\u00adk\u00e4m\u00adper, Mana\u00adging Direc\u00adtor, Deut\u00adsche Betei\u00adli\u00adgungs&nbsp;AG.<\/strong><\/p>\n<p><strong>Frank Berns\u00adhau\u00adsen, foun\u00adder and co-mana\u00adging direc\u00adtor of the TNL Group<\/strong>, explains: \u201cI foun\u00added TNL as an envi\u00adron\u00admen\u00adtal plan\u00adning office and am proud of what we have achie\u00adved toge\u00adther, such as our invol\u00advement in some of Germany\u2019s most important infra\u00adstruc\u00adture projects.\u201d He conti\u00adnues: \u201cIt was always clear to me that if I was looking for a succes\u00adsion part\u00adner, I needed someone who unders\u00adtood the busi\u00adness and who cared about the people in the company. I have found both in DBAG. We now have the oppor\u00adtu\u00adnity to tackle the next phase of growth with a stron\u00adger orga\u00adniza\u00adtion, new markets and the back\u00ading of an expe\u00adri\u00aden\u00adced partner.\u201d&nbsp;<\/p>\n<p><strong>About DBAG<\/strong><\/p>\n<p>Deut\u00adsche Betei\u00adli\u00adgungs AG (DBAG), which has been listed on the stock exch\u00adange since 1985, is one of the most renow\u00adned private equity compa\u00adnies in Germany. As an inves\u00adtor and fund advi\u00adsor, DBAG\u2019s invest\u00adment focus has tradi\u00adtio\u00adnally been on medium-sized compa\u00adnies with a focus on well-posi\u00adtio\u00adned compa\u00adnies with deve\u00adlo\u00adp\u00adment poten\u00adtial, prima\u00adrily in the DACH region. The sector focus is on produ\u00adcers of indus\u00adtrial goods, indus\u00adtrial service provi\u00adders and Indus\u00adtry\u00adTech compa\u00adnies \u2014 i.e. compa\u00adnies whose products enable auto\u00adma\u00adtion, robo\u00adtics and digi\u00adta\u00adliza\u00adtion \u2014 as well as compa\u00adnies from the busi\u00adness services, IT services, soft\u00adware, health\u00adcare, envi\u00adron\u00adment, energy and infra\u00adstruc\u00adture sectors. DBAG has also been active in Italy since 2020 and has had its own office in Milan since 2021. The assets mana\u00adged or advi\u00adsed by the DBAG Group amount to around 2.7 billion euros.   ELF Capi\u00adtal comple\u00adments DBAG\u2019s range of flexi\u00adble finan\u00adcing solu\u00adti\u00adons for SMEs with private debt capi\u00adtal. \u2014 www.dbag.de<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Frank\u00adfurt am Main \u2014 Deut\u00adsche Betei\u00adli\u00adgungs AG (DBAG) is inves\u00adt\u00ading in the TNL Group (TNL), a leading specia\u00adlist for envi\u00adron\u00admen\u00adtal plan\u00adning and permit\u00adting consul\u00adting in the field of energy and trans\u00adpor\u00adta\u00adtion infra\u00adstruc\u00adture. DBAG ECF IV, a fund advi\u00adsed by DBAG, will acquire a majo\u00adrity stake in TNL as part of a manage\u00adment buy-out. The transaction&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":60357,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-60354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buy out: DBAG ECF IV acquires majority stake in TNL Group - FYB Financial Yearbook<\/title>\n<meta name=\"description\" content=\"Frankfurt am Main - Deutsche Beteiligungs AG (DBAG) is investing in TNL Group (TNL), a leading specialist for environmental planning and permitting consulting in the energy and transportation infrastructure sector. DBAG ECF IV, a fund advised by DBAG, will acquire a majority stake in TNL as part of a management buy-out. 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DBAG ECF IV, a fund advised by DBAG, will acquire a majority stake in TNL as part of a management buy-out. 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