Deutsche Beteiligungs (FRA: DBAN)

Last close As at 18/06/2024

EUR28.00

0.35 (1.27%)

Market capitalisation

EUR527m

Deutsche Beteiligungs is a German-based and listed private equity investment and fund management company that invests in mid-sized companies in Germany and neighbouring countries via management buyout transactions and growth capital financings. It also manages c €2bn of third-party capital, which generates stable recurring fee income. Following the acquisition of a majority stake in ELF Capital, DBAG will expand its offer to include private debt.

Latest Insights

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Deutsche Beteiligungs — Successful exits assist H124 performance

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Deutsche Beteiligungs in 60 seconds

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Deutsche Beteiligungs — Solid exits in FY23, expanding into private debt

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Equity Analyst

Milosz Papst

Milosz Papst

Director, Financials

Michal Mordel

Analyst, Investment trusts

Key Management

  • Roland Rapelius

    Head of IR

  • Tom Alzin

    Board spokesman

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 2.9 10.0 (2.8)
Relative 6.2 8.8 (12.3)
52 week high/low €33.4/€24.9

Overview

Deutsche Beteiligungs (DBAG) reported an NAV total return of 3% in H124 (to March 2024) following the first-time recognition of 2024 portfolio company budgets and 2024 consensus forecasts for peers in Q124. Its H124 return includes a net €19m negative effect from the incorporation of additional portfolio valuation factors. DBAG’s H124 performance was supported by the successful sale of in-tech at a healthy 3.2x multiple on invested capital (MOIC). DBAG also closed the initial investment in a 51% stake in ELF Capital. Its shares now trade at a c 22% discount to NAV.

Research

Update

Investment Companies

Deutsche Beteiligungs — On track to meet the FY23 guidance

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Update

Investment Companies

Deutsche Beteiligungs — Solid liquidity for new investments

Deutsche Beteiligungs_resized

Update

Investment Companies

Deutsche Beteiligungs — Robust exit activity in Q123

Outlook

Investment Companies

Deutsche Beteiligungs — Recession in Germany unfolding

Update

Investment Companies

Deutsche Beteiligungs — Valuations hit by macro headwinds

Update

Investment Companies

Deutsche Beteiligungs — Solid investment pace in Q122

Further insights

insight

Investment Companies

Deutsche Beteiligungs – Five things investors need to know

Thematics

thematic

Energy & Resources

Seismic reflections: YPF nationalisation

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