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Currency in EUR
Last close As at 07/06/2023
EUR28.75
— 0.00 (0.00%)
Market capitalisation
EUR541m
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.
Investment Companies
Investment Companies
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Director, Financials
Roland Rapelius
Head of IR
Torsten Grede
CEO
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | 3.2 | (5.4) | (3.2) |
| Relative | 3.0 | (7.4) | (11.3) |
| 52 week high/low | €31.6/€20.9 |
Deutsche Beteiligungs (DBAG) posted a healthy 14% NAV total return in H123 (ending March 2023) due to expanding public peer multiples, the first time recognition of 2023 budgeted results (in Q123) and value-accretive add-on acquisitions. Proceeds from recent realisations have provided DBAG with sizeable capital to pursue new investments (management remains committed to investing €96m pa on average in 2023–25), though global M&A markets remain relatively muted, limiting DBAG’s investment activity. DBAG’s shares now trade at a 14% discount to NAV, whereas they traded at an average 18% premium in 2017–21 (despite its NAV not reflecting its fund services business).
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