Company profile - Aberdeen Asian income fund feature image - 28062019- JPGmoney & pens

Deutsche Beteiligungs

GR: DBAN

€613.8m market cap

€40.8 last close

Deutsche Beteiligungs is a German-based listed private equity company focused on mid-sized companies in Germany and neighbouring German-speaking countries.

Investment summary

Deutsche Beteiligungs (DBAG) posted net income of €45.9m in FY19, which is 20% above the upper end of its guidance range. This was supported by a €39.7m valuation uplift on the disposal of inexio, agreed in September 2019. For FY20, DBAG expects NAV to be up to 10% lower (vs the current €472.1m as defined by DBAG), but more than 20% higher income from the fund services segment (FY19: €3.0m). The latter should be driven by the recent launch of DBAG Fund VIII with a targeted size of €1.1bn including the top-up fund. It is worth noting that 75% of the third-party commitments made to the fund so far have been by returning investors.

Share price graph
Price performance
%
1m
3m
12m
Actual 6.5 16.4 25.2
Relative* 6.4 9.8 1.9
52-week high/low €40.8/€30.1
*% relative to local index
Key management
Susanne Zeidler CFO
Dr Rolf Scheffels Member of the board of management
Gerhard Roggemann Chairman of the supervisory board
Torsten Grede Spokesman of the board of management

Content on Deutsche Beteiligungs