Shares

Deutsche Beteiligungs AG has been publicly listed since 1985. It was one of the first companies admitted to the Prime Standard of the Deutsche Börse.Access to the asset class of private equity is typically limited to investors in closed-end private equity funds. In addition to investing a substantial minimum amount, it requires committing capital for ten years or more. DBAG shares provide a further opportunity for investing in the attractive asset class of private equity – without a minimum investment and, since the shares can be traded on a daily basis, without tying up capital for an extended period of time. Our shareholders participate twofold: in the earnings we generate as an advisor to DBAG funds and in the value growth of our portfolio companies, which are not listed themselves.

Share price

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; C-Dax; Prime All Share; Classic All Share; DAX Finanzdienstleister; DAXsubsector All Private Equity & Venture Capital; LPX50; LPX Composite; 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

Shares held by members of the Board of Management

Share ownership (ISIN: DE000A1TNUT7)

Member of the Board of Management Number of shares
Tom Alzin (Spokesman) 152,083
Jannick Hunecke 15,103


Convertible bond (ISIN: DE000A383PU6)

Member of the Board of Management Amount
Tom Alzin (Spokesman) 5,000,000 euros
Jannick Hunecke 100,000 euros

Distribution policy and dividend

DBAG’s distribution policy aims to ensure that shareholders participate in the financial surpluses of a financial year in the form of stable dividends of at least 1.00 euro per dividend-entitled share. In addition, the Company plans to consider share repurchases on a more regular basis, as a flexible option enabling shareholders to achieve additional participation in the Company's positive development. This is intended to reflect the long-term orientation of DBAG's business model in its distribution policy.

At the Annual General Meeting on 27 May 2025, a dividend of €1.00 per share was approved for the 2023/2024 financial year and €0.25 per share for the short financial year 2024. This amounts to a total dividend of €1.25 per share.

Analysts’ ratings

The following banks and brokerages regularly analyse the shares of Deutsche Beteiligungs AG or issue commentaries on current business developments at our Company:

Date
Bank Recommendation Target price (new/previous) Study
19 January 2026 NuWays AG, Christian Sandherr Buy €39.00  
16 January 2026 Metzler Research, Victor Beyer/Stephan Bauer Hold €27.00/€30.00  
20 November 2025 Edison Research, Milosz Papst For regulatory reasons, Edison publishes neither a recommendation nor a price target n.a. Link to Study
7 November 2025 SRC Research GmbH, Stefan Scharff/Christopher Mehl Buy €38.00  
6 November 2025 Jefferies International Limited, Tom Mills Buy €36.00   
6 November 2025 J.P. Morgan Cazenove, Christopher Brown Underweight n.a.  
6 November 2025 Baader Helvea Equity Research, Gerhard Schwarz Buy €41.90  
6 November 2025 Kepler Cheuvreux, Sven Sauer Buy €29.00/€32.00  
The list does not purport to be exhaustive. For legal reasons, we can only make certain reports available.

Voting rights

The German Securities Trading Act (WpHG) obligates shareholders to notify the Company and the Federal Financial Supervisory Authority (BaFin) when the level of their voting rights share reaches, falls below or exceeds certain thresholds (three per cent, five per cent, ten per cent, 15 per cent, 20 per cent, 25 per cent, 30 per cent, 50 per cent and 75 per cent of voting rights).

You can find all voting rights notifications, in addition to other publications from Deutsche Beteiligungs AG, here.

According to their mandatory notifications, the following investors currently hold at least three per cent of the outstanding shares of Deutsche Beteiligungs AG:

Person subject to the notification obligation Shareholder (if different from ”Person subject to the notification obligation”) Date on which threshold was crossed or reached Voting rights attached to shares …in percent
Rossmann Beteiligungs GmbH *   28 June 2024 5,380,115 28.61
Ricardo Portabella Peralta Anpora S.A.  15 January 2024 1,880,500 10.0000043 

* Person subject to the notification obligation who have also reported instruments in accordance with Section 38 WpHG.

Please send voting rights notifications to: stimmrechte(at)dbag.de

Share data

  SFY 2024 2023/2024 2022/2023 2021/2022
All rates are Xetra closing rates        
NAV per share (reporting date, ) 35.78 37.59 35.59 30.81
Closing rate (reporting date, ) 23.00 25.20 31.50 21.55
Financial year high () 25.70 31.60 33.20 40.50
Financial year low () 21.40 23.30 21.95 20.90
Financial year average rate () 23.83 27.01 28.62 31.87
Market capitalisation (reporting date, €mn) 432.5 459.2 592.4 405.2
    thereof in free float (reporting date, €mn) 293.3 281.9 404.6 276.8
Dividend per share () 0.25 1.00 1.00 0.80
Distribution sum (€mn) 4.5 18.8 18.8 15.0
Earnings per share () (1.93) 2.55 5.63 (5.19)