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EQS-News: Deutsche Beteiligungs AG / Key word(s): Issue of Debt/Corporate Action
Deutsche Beteiligungs AG announces successful placement of convertible bonds due 2030 in an aggregate principal amount
of 100 million euros
2024-06-28 / 15:29 CET/CEST
The issuer is solely responsible for the content of this announcement.
NOT FOR PUBLICATION, DISTRIBUTION OR DISCLOSURE IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR SOUTH
AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE OFFER OR SALE OF SECURITIES WOULD BE PROHIBITED UNDER APPLICABLE LAW.
FURTHER RESTRICTIONS APPLY.

Deutsche Beteiligungs AG announces successful placement of convertible bonds due 2030 in an aggregate principal amount
of 100 million euros

Frankfurt/Main, 28 June 2024 - Earlier today, Deutsche Beteiligungs AG (the "Company") successfully placed an issue of
senior unsecured convertible bonds due 2030 ("Convertible Bonds") in an aggregate principal amount of 100 million
euros, convertible into new and/or existing no-par value registered shares in the Company. The Convertible Bonds were
offered exclusively to institutional investors outside the United States of America in an accelerated bookbuilding
process (the "Offer"). The pre-emptive rights of the Company's existing shareholders are excluded.
The Convertible Bonds are convertible into up to 3,247,259 million no-par value registered shares in the Company. The
Convertible Bonds are issued at 100 per cent of par and will be due on 5 January 2030. The Convertible Bonds will bear
interest at a fixed rate of 5.5 per cent p.a., payable semi-annually in arrear on 5 January and 5 July of each year,
commencing on 5 January 2025. The initial conversion price has been set at 30.7952 euros, corresponding to a conversion
premium of 22.5 per cent on the reference share price of 25.1389 euros.
Rossmann Beteiligungs GmbH, a shareholder in the Company, and members of the Company's Board of Management have
participated in the placement.
The Convertible Bonds are expected to be issued on or around 5 July 2024 (the "Closing Date"). The Company has
undertaken to comply with a customary lock-up ending 90 days after the Closing Date.
The Company intends to arrange for the Convertible Bonds to be included to trading on the Open Market (Freiverkehr) of
the Frankfurt Stock Exchange. However, the inclusion to trading is not a condition for closing the transaction.
The Company plans to use the net proceeds from the Convertible Bonds issuance for co-investments to be made alongside
the funds advised by the Company and ELF Capital Group and for general corporate purposes.
"The successful placement of the Convertible Bonds underlines how attractive Deutsche Beteiligungs AG's growth-oriented
business model is to its investors. It gives them access to a diversified portfolio of 37 mid-sized companies with
substantial development potential," said Tom Alzin, Spokesman of the Board of Management of Deutsche Beteiligungs AG.
Deutsche Beteiligungs AG (DBAG) has been listed since 1985 and is one of the most renowned private equity firms in
Germany. As an investor and fund advisor, DBAG traditionally focuses on mid-market companies in Germany, Austria and
Switzerland (the DACH region), and especially on well-positioned companies offering growth potential. DBAG's sector
focus is on manufacturers, industrial service providers and IndustryTech enterprises - businesses whose products
facilitate automation, robotics and digitalisation - as well as on companies from the broadband/telecommunications, IT
services, software and healthcare sectors. Since 2020, DBAG has been present on the Italian market, providing its
services from its office in Milan. DBAG Group's assets under management or advisory amount to approximately 2.6 billion
euros. Within the scope of the strategic partnership with ELF Capital Group, DBAG is expanding its range of flexible
financing solutions for mid-market companies to include private debt.
Deutsche Beteiligungs AG
Head of Corporate Communications & Investor Relations · Roland Rapelius
Untermainanlage 1 · 60329 Frankfurt/Main, Germany
Telephone +49 69 95787-365 · +49 151 26663172 (mobile)
E-mail: roland.rapelius@dbag.de

Important Notice
This communication is for information purposes only; it does not constitute a prospectus or offer of securities for
sale within or in any jurisdiction, including the United States of America, Australia, Canada, Japan or South Africa,
or any other jurisdiction where the offer or sale of the securities would be prohibited under applicable law. Neither
this communication nor its contents shall form the basis of, or be relied upon in connection with, any offer or legal
obligation of any kind in any jurisdiction.
The information contained in this communication is for background purposes only and does not purport to be full or
complete. No reliance must be placed upon the information contained in this communication or this information's
accuracy or completeness. No prospectus will be prepared in connection with the offering of the securities referred to
herein. The securities referred to in this communication must not be offered to the public in any jurisdiction where
this would require the preparation or registration of a prospectus or offer document relating to these securities.
This communication is not for publication or distribution, directly or indirectly, in or into the United States
(including its territories and possessions), Australia, Canada, Japan or South Africa or any other jurisdiction where
such a communication could be unlawful. The distribution of this communication or the offer or sale of the securities
referred to herein may be restricted by law in certain jurisdictions, and persons gaining possession of any document or
other information referred to herein should inform themselves about and observe any such restriction. Any failure to
comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This communication does not contain, constitute or form part of - and should not be construed as - an offer or
invitation to sell or the solicitation of an offer to buy or subscribe for securities to a person in the United States,
Australia, Canada, Japan or South Africa or in any other jurisdiction to whom or in which such offer or solicitation is
unlawful. The securities referred to herein have not been (and will not be) registered under the U.S. Securities Act of
1933 as amended (the "Securities Act")or the laws of any state within the United States or under the applicable
securities laws of Australia, Canada, Japan or South Africa, and must not be offered or sold in the United States,
unless registered under the Securities Act or offered and sold in a transaction exempt from, or not subject to, the
registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein must
not be offered or sold in Australia, Canada, Japan or South Africa, or to or for the account or benefit of any
national, resident or citizen of Australia, Canada, Japan or South Africa. There will be no public offer of the
securities referred to herein in the United States, Australia, Canada, Japan or South Africa.
When made in member states of the European Economic Area ("EEA"), with each member state being a "relevant member
state", the offer contained in this communication is only directed at persons who are qualified investors ("Qualified
Investors") as defined in the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017
("Prospectus Regulation").
In the United Kingdom, this communication is directed only at Qualified Investors within the meaning of Regulation (EU)
2017/1129 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018
("EUWA") (i) who have professional experience in matters relating to investments falling within Article19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended ("Order"), or (ii) who fall within
Article 49(2)(a) to (d) of the Order, or (iii) to whom the communication may otherwise lawfully be conveyed (all such
persons together being referred to as "Relevant Persons"). This communication must not be acted upon or relied upon (i)
in the UK by persons who are not Relevant Persons, or (ii) in any EEA member state by persons who are not Qualified
Investors.
Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on Markets
in Financial Instruments as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive EU 2017/593
supplementing MiFID II; and (c) local implementing provisions (together, "MiFID II Product Governance Requirements"),
and disclaiming any and all liability, whether arising in tort, breach of contract or otherwise, that any
"manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect
thereto, it is noted that the Convertible Bonds have been subject to a product approval process, which has determined
that: (i) the target market for the Convertible Bonds is eligible counterparties and professional clients only, each as
defined in MiFID II; and (ii) all channels for distribution of the Convertible Bonds to eligible counterparties and
professional clients are appropriate. Any person subsequently offering, selling or recommending the Convertible Bonds
("Distributor") should take into consideration the manufacturer's target market assessment; however, a distributor
subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Convertible Bonds
(by either adopting or refining the manufacturer's target market assessment) and determining appropriate distribution
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June 28, 2024 09:30 ET (13:30 GMT)