DUBAG Group: Turning Complexity into Clarity in Special Situations

Founded in Munich, DUBAG Group has built a reputation as one of Europe’s most experienced investment advisory teams in the special situations space.

DUBAG advises private equity funds focused on acquiring and transforming mid-market companies across Western Europe—often in carve-outs, turnarounds, or underperforming situations.

With a current portfolio spanning seven companies across ten countries and a combined turnover of over EUR 700 million, DUBAG combines financial engineering, operational excellence, and long-term vision to create sustainable value from complexity.

Hands-On Restructuring with Operational Depth

What sets DUBAG apart is its full-control investment model and the speed at which it executes change. The group deploys Chief Restructuring Officers (CROs) and operational teams as early as Day 1, reshaping everything from logistics and sales to liquidity and leadership—often within weeks of acquisition.

As Petar Angelov, Head of Finance at DUBAG, puts it:

We install leadership teams we fully trust, plan liquidity 24 months ahead, and rely on financial transparency from Day 1. That’s how we turn struggling companies into success stories.

Scaling Finance Without Scaling Headcount

At the heart of this disciplined approach is DUBAG’s finance function—designed to be lean, scalable, and audit-ready from fund level to portfolio level.

To support this, DUBAG uses Vestlane to manage investor onboarding, compliance, and KYC processes across all funds. Combined with tools like Lucanet and AssetMetrix, DUBAG has built a tech-enabled finance stack that replaces complexity with clarity.

Two people now do what used to take twenty,

says Angelov.

The efficiency gains are real. From investor onboarding to KYC documentation and audit trails—everything is handled in one place.

More Control, Fewer Emails

Vestlane has also transformed how DUBAG interacts with its LPs.

You can measure the value of Vestlane by how few emails I now have with each investor. It all happens on the platform—from signatures to screening.

New features like name screening help reduce vendor sprawl and audit friction even further. DUBAG no longer needs multiple systems for investor and deal-level compliance, lowering both cost and risk.

What’s Next for DUBAG?

With its robust operational playbook, deep investor trust, and scalable finance processes, DUBAG is well-positioned to continue executing special situation deals across Europe.

As Angelov notes:

Our sweet spot is clear: mid-sized companies with a European anchor and operational complexity. With the right people, planning, and tools—we bring them back to winning form.