Baker Tilly advises SEVEST on majority acquisition of DSI Aerospace

Munich, October 14, 2025 – Funds advised by SEVEST Management GmbH (“SEVEST”) have acquired a majority interest in DSI Aerospace GmbH (“DSI Aerospace”) from EHC Ventures GmbH, the founder’s and management’s investment vehicle. DSI Aerospace specializes in the development of mission-critical electronics hardware with embedded proprietary software algorithms for space applications. The international consulting and auditing firm Baker Tilly provided extensive support to SEVEST throughout the transaction process.

A multidisciplinary Baker Tilly team led by Partner Sebastian Hafner was responsible for conducting the financial and tax due diligence on behalf of the private equity firm. In addition, Baker Tilly advised SEVEST during the contract negotiations, particularly with respect to purchase price structuring and tax clause design.

Following Baker Tilly advisors were involved in the transaction:

• Financial: Sebastian Hafner, CFA (Partner); CPA Certified Tax Advisor Frank Stahl; Anna Wuschick
• Tax: Certified Tax Advisor Uwe Roth (Partner); Certified Tax Advisor Stefan Lehner; Certified Tax Advisor Melina Heindl

DSI Aerospace has placed strong emphasis on R&D, securing listings as core supplier for all major satellite primes such as Airbus, Thales Alenia Space, and OHB. It has also positioned itself as a trusted development partner to the European Space Agency (ESA), German Space Agency (DLR), and a number of international space agencies and research institutes, including those in South Korea, Japan and in the Middle East. Thus, the company has  achieved strong double-digit annual topline growth since its inception in 1997, while substantially increasing its profitability. 

To promote organic growth, SEVEST will support the management team in strengthening sales and operational capacity, broadening the portfolio into additional satellite electronics product categories, and expanding geographic reach both within Europe and internationally. These initiatives will be complemented by a targeted buy-and-build strategy. The managing shareholders will stay operationally involved and continue to hold a minority share of the business post transaction, leveraging their deep expertise to drive DSI Aerospace’s next phase of growth.

About DSI Aerospace
DSI Aerospace develops and manufactures high-speed electronics hardware and embedded software solutions for satellite applications, serving satellite OEMs, system suppliers, research institutes, and international space  agencies. Its products reduce key cost-intensive resources in space systems, such as power consumption, mass, and volume, while enhancing mission performance through the use of advanced, qualified FPGAs and ASICs 
combined with proprietary architectures and algorithms. The company focuses on state-of-the-art solutions for non-commercial space missions, building on its extensive heritage with leading space agencies worldwide. 
www.dsi.space

About SEVEST
SEVEST is a mid-market buyout fund with a focus on advanced industrial businesses in the German-speaking region. Through the entrepreneurial family background, a strong track record as mid-market investor, and an 
operator-led active ownership approach, SEVEST supports its portfolio companies to reach their full growth potential.
www.sevest.de