Deutsche Beteiligungs (FRA: DBAN)

Currency in EUR

Last close As at 07/02/2023


0.40 (1.36%)

Market capitalisation


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

View More

Investment Companies

Deutsche Beteiligungs — Recession in Germany unfolding

Investment Companies

Deutsche Beteiligungs — Valuations hit by macro headwinds

Investment Companies

Deutsche Beteiligungs — Solid investment pace in Q122

Equity Analyst

Milosz Papst

Milosz Papst

Director, Financials

Key Management

  • Roland Rapelius

    Head of IR

  • Torsten Grede


Share Price Performance

Price Performance
% 1M 3M 12M
Actual 5.1 16.3 (20.8)
Relative 0.3 2.7 (21.4)
52 week high/low €37.6/€20.9


Deutsche Beteiligungs (DBAG) posted a c 13% NAV decline in total return terms in FY22 (to end-September 2022), affected by lower public equity multiples used in the valuation and macroeconomic headwinds in Germany. In light of its high investment activity in FY22 (€176.8m, skewed towards IT services and software) and faltering private equity exits globally, management has proposed a lower dividend (to preserve capital for new and follow-on investments) of €0.80/share (vs €1.60 paid from FY21 profit), but reaffirmed its mid-term dividend planning of at least €1.60 pa. DBAG now trades at a 17% discount to NAV (versus a five-year average premium of 10%).


Investment Companies

Vietnamese equities: Due a comeback?


IPO apocalypse


ESG, moving beyond the box tick

Investment Companies

The case for US capital markets

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free