Ann: Becoming a substantial holder, page-5

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=884549

Company Overview

Deutsche Balaton AG is a private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets. It will consider investing in any industry, although the company tends to invest in manufacturing, investment and service industries. Deutsche Balaton tends to invest in both German and Hungarian companies. Main exit strategies are IPO or trade sale. The firm was founded in 1991 and is based in Heidelberg, Germany.

http://www.deutsche-balaton.de/

https://markets.ft.com/data/equities/tearsheet/profile?s=BBHK:FRA

Looks like some private equity money. Still curious as to how they find themselves in a tiny explorer like ENR.