Deutsche Beteiligungs

Deutsche Beteiligungs (FRA: DBAN)

Currency in EUR

Last close As at 22/09/2023

EUR33.15

▲ −0.20 (−0.60%)

Market capitalisation

EUR611m

Overview
Price performance
Financials
Research
Sector insights
Thematics

Deutsche Beteiligungs is a Germany-based and listed private equity investment and fund management company. It invests in mid-sized companies in Germany and neighbouring German-speaking countries via MBO transactions and growth capital financings. It focuses on growth-driven profitable businesses valued at €50–250m. DBAG’s core objective is to sustainably increase net asset value.

Latest Insights

Investment Companies |
Update

23.08.23

Deutsche Beteiligungs — On track to meet the FY23 guidance

Investment Companies |
Update

25.05.23

Deutsche Beteiligungs — Solid liquidity for new investments

Investment Companies |
Update

15.02.23

Deutsche Beteiligungs — Robust exit activity in Q123

Investment Companies |
Outlook

19.12.22

Deutsche Beteiligungs — Recession in Germany unfolding

Visit Website

Sector

Investment Companies

Equity Analyst

Milosz Papst

Director, Financials

Key Management

Roland Rapelius

Head of IR
Tom Alzin

Board spokesman

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	8.5	16.9	42.6
Relative	8.7	20.3	16.9
52 week high/low	€33.4/€20.9

Overview

Deutsche Beteiligungs (DBAG) posted a 20% NAV total return in the nine months to end-June 2023, thereby recouping the valuation loss in FY22. The uplift to last carrying value from its recently agreed sale of R+S (implying a healthy internal rate of return of over 40%) contributed €14m to its net income in Q323. As a result, management now expects FY23 results to be at the upper half of its guidance of net income at €85–115m and NAV of €610–715m. DBAG’s asset management business delivered a profit of €11.3m in 9M23, on track to meet management’s FY23 guidance of €13–15m. DBAG’s shares currently trade at a c 15% discount to last reported NAV (with the latter not capturing the value of the asset management business).