Deutsche Beteiligungs (FRA: DBAN)

Last close As at 23/11/2024

EUR22.35

−0.60 (−2.61%)

Market capitalisation

EUR421m

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)

Deutsche Beteiligungs_resized

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.

Update

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Deutsche Beteiligungs — Valuations hit by macro headwinds

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Deutsche Beteiligungs — Solid investment pace in Q122

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Deutsche Beteiligungs — Targeting a 10%+ AUM and NAV CAGR to FY24

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Deutsche Beteiligungs — German private equity investor and manager

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Deutsche Beteiligungs — Strong firepower for new acquisitions

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Deutsche Beteiligungs — Targeting a high volume of new investments

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Deutsche Beteiligungs — Minor negative NAV total return in FY20

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Deutsche Beteiligungs — German private equity investor and manager

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Deutsche Beteiligungs — New valuations look conservative

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Deutsche Beteiligungs — Expanding the companies in broadband sector

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Deutsche Beteiligungs — Guidance beat assisted by a successful exit

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Deutsche Beteiligungs — A play on the German mid-market MBO space

edison tv

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Bitesize briefing – Deutsche Beteiligungs

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Deutsche Beteiligungs — Continued sector diversification

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Deutsche Beteiligungs — Macro environment provides some headwinds

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Deutsche Beteiligungs — New investments ahead

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Deutsche Beteiligungs — Market sentiment weighing on portfolio value

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Deutsche Beteiligungs — Building future potential

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Deutsche Beteiligungs — Private equity investor and fund manager

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Deutsche Beteiligungs — Positive underlying NAV progress continues

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Deutsche Beteiligungs — Steady progress in the first quarter of FY18

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Deutsche Beteiligungs — FY17 confirmed as an exceptional year

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Deutsche Beteiligungs — Update 31 January 2017

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Deutsche Beteiligungs — Update 26 August 2016

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Deutsche Beteiligungs — Update 24 May 2016

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Deutsche Beteiligungs — Update 15 February 2016