DS Mittelstandspartner is a search entity formed to identify, acquire,operate and ultimately sell an established private small-to-medium sized company with initial enterprisevalue between EUR 10 and 40 million. DS Mittelstandspartner is targeting pre-tax net IRR for Equity Investors of35%; in line with realised returns in this industry over the last c. 40 years, and will seek investor liquidityin four to six years following the acquisition via sale and/or recapitalization of the target company.