The fund has a target size of €150m and a hard cap of €200m.
DBAG will acquire 40 per cent of Vitronet Projekte alongside management for a figure in the €10m to €30m range.
The business will use the funding to help roll out its new cloud-based software-as-a-service application Prospect365.
As part of the transaction, Lekmer and Babyshop will work with Qliro’s payment services technology and become a new merchant on Qliro’s CDON.com marketplace.
The Dublin-based company has been sold to Dubai Aerospace Enterprise.
The company began life as builder of custom motorbikes and created the first “designer” LED light bulb.