Deutsche Beteiligungs (FRA: DBAN)

Last close As at 20/11/2024

EUR22.95

0.35 (1.55%)

Market capitalisation

EUR432m

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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Investment Companies | Update

Deutsche Beteiligungs — Doubling down on investment opportunities

Investment Companies | Flash note

Deutsche Beteiligungs — Convertible bond issue

Investment Companies | Update

Deutsche Beteiligungs — Successful exits assist H124 performance

Investment Companies | podcast

Uncovering Trusts – Deutsche Beteiligungs (DBAN)

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Equity Analyst

Milosz Papst

Milosz Papst

Head of Content, Investment Trusts

Michal Mordel

Analyst, Investment trusts

Key Management

  • Dr Matthias Döll

    Director Legal

  • Tom Alzin

    Board spokesman

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (9.8) (11.4) (20.7)
Relative (6.7) (14.4) (33.7)
52 week high/low €30.1/€21.9

Overview

Deutsche Beteiligungs (DBAG) reported a c 4% NAV total return in 9M24, supported primarily by higher valuation multiples on the back of more benign public markets and the successful realisation of in-tech. DBAG’s management has recently experienced a significant increase in deal flow, which we attribute to the first signs of a recovery in global M&A activity, reduced competition (as evidenced by two of its competitors no longer pursuing new investments), as well as cross-deal flow from the recently acquired ELF Capital Group. This has encouraged the company to issue a €100m convertible bond to further boost its dry powder.

Research

podcast

Investment Companies

Uncovering Trusts – Deutsche Beteiligungs (DBAN)

audiovisual

Investment Companies

Deutsche Beteiligungs in 60 seconds

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

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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