H1 2026: Strong transaction activity in H1; forecast adjusted due to valuation multiples

  • Seven transactions: three new investments (Hipp Technology Group, Bug Bounty Switzerland, TNL Group) and four disposals (including duagon and Kraft & Bauer) 
  • 26.1 million euros returned to shareholders via dividends and share buybacks; NAV per share as at 30 June 2026: 33.65 euros (31 December 2025: 36.37 euros), negatively impacted by low valuation multiples for peer group companies as at the reporting date
  • Robust performance by portfolio companies, with positive overall contributions to gross gains and losses on measurement and disposal
  • EBITA from Fund Investment Services: 6.8 million euros (H1 2025: 7.1 million euros)
  • Forecast for financial year 2026 adjusted on 16 July 2026, prompted by declining valuation multiples for peer group companies

View Half-yearly Financial Report 2026

Replay of the Analysts' conference call 

Dividend

1.00 euro

For the financial year 
2025

Forecast

16 July 2026

Adjusted forecast for the financial year 2026

Events

5 November 2026

Publication of the quarterly statement Q3/2026, Analysts' conference call

Shares

Master data

WKN / ISIN A1TNUT / DE000A1TNUT7
Symbol Bloomberg: DBAN
Reuters: DBANn.DE
Listings Frankfurt (Xetra and trading floor), Berlin-Bremen, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart
Market segment Regulated market (Prime Standard)
Index affiliation (selection) S-Dax; Prime All Share; C-Dax; Classic All Share; DAX Finanzdienstl.; DAXsubsector Private Equity & Venture Capital; LPX50; LPX Buyout; LPX Europe
Designated sponsors Hauck Aufhäuser Lampe Privatbank AG, mwb fairtrade Wertpapierhandelsbank AG
Number of shares issued 18,804,992 registered shares
First traded 19 December 1985
Paying bank Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt/Main
Germany

Mandatory announcements

Publications

Contact

Brigitte Friedrich-Haack
Brigitte Friedrich-Haack
Brigitte Friedrich-Haack
+49 69 95787-293

Brigitte Friedrich-Haack

Director

Brigitte Friedrich-Haack joined Deutsche Beteiligungs AG as Head of Corporate Development in 2025.

Before joining DBAG, Brigitte Friedrich-Haack was Chief of Staff to the CEO of CIB Germany at BNP Paribas S.A. Prior to that, she worked as an equity research analyst for the DACH region at Exane, a subsidiary of BNP. She began her career as a consultant for Infrastructure Advisory & Mobility at PricewaterhouseCoopers.

Brigitte Friedrich-Haack holds a Bachelor of Laws in Law, Financial Management, and Taxation from Wolfenbüttel University of Applied Sciences. She also holds a Master of Science in Business Administration from Otto von Guericke University in Magdeburg.

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