EQS-News

Press release: Deutsche Beteiligungs AG: Strong portfolio activity – continued progress in DBAG’s development

EQS-News: Deutsche Beteiligungs AG / Key word(s): Half Year Report Press release: Deutsche Beteiligungs AG: Strong portfolio activity – continued progress in DBAG’s development 08.05.2024 / 08:05 CET/CEST The issuer is solely responsible for the content of this announcement. Deutsche Beteiligungs AG: Strong portfolio activity – continued progress in DBAG’s development

• Forecast confirmed
• Net asset value up by six per cent in the first six months, to 673.1 million euros[1]
• Earnings (EBITA) of 7.1 million euros from the Fund Investment Services segment are within the target range
• Four successful transactions realised in the first six months, one more agreed upon

Frankfurt/Main, 8 May 2024. The net asset value of Deutsche Beteiligungs AG (DBAG) rose to 673.1 million euros in the first six months of the current financial year, up six per cent¹. This encouraging increase can be attributed in particular to successful disposals and to the operating performance of portfolio companies. In spite of the macroeconomic challenges on the M&A market, DBAG showed strong portfolio activity, with five transactions being effected during the six-month period under review, including three disposals and two new investments. Of these, the sale of in-tech and the partial disposal of Solvares concerned the IT services and software sector. Once again, this highlights DBAG’s expertise and robust network in this area of strong structural growth.

Besides the favourable development within DBAG’s portfolio, the integration of ELF Capital Group is also progressing well. Having closed the majority acquisition, DBAG and ELF Capital now constitute a full-service provider that meets the financing needs of mid-market companies across their entire capital structure. Both partners contribute strong, complementary networks offering financing solutions for mid-market companies as well as additional investment opportunities for fund investors.