DEEN
€50.2mn
Net income 2015/2016
16.0%
return on equity per share 2015/2016
23.0%
TOTAL RETURN TO SHAREHOLDERS 2015/2016
4.4%
DIVIDEND YIELD 2015/2016

KEY INVESTMENT HIGHLIGHTS

MARKET POSITION

Deutsche Beteiligungs AG is the market leader in German mid-market Private Equity,...

MARKET ACCESS

...with unique access to “Hidden Champions” of the German “Mittelstand”,...

INTEGRATED BUSINESS MODEL

...creating value for shareholders through Private Equity Investments and Fund Investment Services...

TRACK RECORD

...and delivering strong returns through market cycles.

PROFILE & STRATEGY

Integrated business model

Key financials

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FORECAST

CONTACT

Thomas Franke
Thomas Franke

Senior Vice President, Head of Public Relations and Investor Relations

Thomas Franke
Name:
Thomas Franke
Telephone:
+49 69 95787-307
E-Mail:

Thomas Franke

Senior Vice President, Head of Public Relations and Investor Relations

Thomas Franke joined DBAG in 2001.

Previously he was Head of Internal Communications and Public Relations at Lurgi AG. He began his career as a business journalist at Frankfurter Allgemeine Zeitung.

Thomas Franke completed his training as a television and radio journalist and studied economics at the University of Hamburg.

Thomas Franke

Senior Vice President, Head of Public Relations and Investor Relations

+49 69 95787-307
thomas.franke@dbag.de

THREE QUESTIONS FOR THOMAS FRANKE

  1. Few private equity firms are listed on the stock exchange. Private equity and public listing – how do they fit together?
    True, publicly listed private equity companies such as DBAG are rare in Germany. Access to the asset class of private equity is typically limited to investors in closed-end funds. These institutional investors provide large sums of money – frequently for a period of ten or more years.

    By contrast, DBAG offers much broader groups of investors the opportunity of investing in the attractive asset class of private equity – for no more than the price of a share, which can be bought or sold on a daily basis. Our shareholders thereby participate in the performance generated by our fund investment services business and in the value appreciation of our portfolio companies, which are not listed on the stock exchange themselves. The high transparency standards that we meet as a company listed in the Prime Standard also ensure that shareholders always remain well informed about their investment.
  2. How does DBAG differ from other listed private equity companies?
    Many listed private equity firms consist primarily of a portfolio of unlisted companies. That portfolio is administrated on a contractual basis by an external manager who receives fees for these services. DBAG clearly differs from these models – with its highly experienced investment team, widespread network, as well as with its proven workflows and auxiliary functions. This value added is, not least, reflected in the fees the DBAG team receives from the investors in the funds for its services.
  3. Why did Deutsche Beteiligungs AG align its dividend policy in financial year 2015/2016? And what does this mean for shareholders?
    The The shareholders of DBAG are meant to participate in the Company’s performance through regular dividends, if at all possible. This is one of our financial objectives. The dividend yield on DBAG shares has been attractive, both in general terms and compared to those of other listed private equity firms. That is not expected to Change.

    In designing our dividend policy, we aimed to balance distributions and growth. An average dividend payout ratio of 92 percent between 2007 and 2016 has set limits to increasing the enterprise value of DBAG. With a 50 percent increase in our co-investment commitment alongside DBAG Fund VII, we have now set the course for growth in the Private Equity Investments business line. We must – and we want to – invest more from our own balance sheet to achieve further increases in value. For that reason, we will no longer be able to distribute nearly all of what we earn.
     
    Stated briefly: DBAG is set to grow, and at the same time DBAG shares will remain an attractive dividend stock yielding stable dividends. We want to avoid strong fluctuations as was the case in the past. The dividend will increase whenever possible – in small steps and not necessarily every year. As a shareholder, you can continue to expect an attractive dividend yield from us – attractive in a general comparison, but also as measured by the dividends of other listed private equity firms.

Do you have questions for Thomas Franke?

Analysts’ ratings

Financial News

PUBLICATIONS

Annual Report
2015/2016

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Analysts' presentation of the half-yearly financial report
at 31 March 2017

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Quarterly Statement
at 30 June 2017

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