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.

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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.

Another noteworthy activity during the reporting period was the share
buyback programme, which was resolved in February 2024 based on the existing
authorisation. Up to 800,000 shares can be acquired over a period of up to
one year as part of this programme. Share buyback programmes are set to
become a more regular component of DBAG's distribution policy through which
the Company wants to enable shareholders to participate to a greater extent
in DBAG's success. DBAG regularly publishes updates about the programme on
its website.

EBITA (earnings before interest, taxes, and amortisation of intangible
assets) in the Fund Investment Services segment was in line with projections
at 7.1 million euros (prior-year period: 7.3 million euros). Earnings in the
Private Markets Investments segment amounted to 19.2 million euros before
taxes, compared with 75.7 million euros for the same period of the previous
year.

Compared to the very strong development in the previous year, DBAG continued
to develop positively during the six months under review. At the same time,
it consciously decided to incorporate additional factors into the valuation
of its portfolio companies that better reflect the specificities of the
private equity industry. As a result, we expect the future performance of
the portfolio companies to be less volatile. Accordingly, DBAG is expected
to see less earnings volatility than in the past. Excluding these additional
valuation factors, the segment result would have been 19.1 million euros
higher in the six-month period under review.

The result for the same period of the previous financial year had benefited
greatly from the positive performance of listed peer group companies. For
example, this is indicated by the performance of the SDAX, which was twice
as strong in the prior-year period (+24 pr cent) than in the current
half-year (+12 per cent).

Net income for the first half of the 2023/2024 financial year totalled 24.5
million euros, after 82.6 million euros in the same period of the previous
year. The Company's key figures - net asset value and earnings from Fund
Investment Services - for the first half of the financial year 2023/2024 are
within the range projected in the forecast, which has been affirmed in the
half-yearly financial report 2023/2024. DBAG regularly points out that
results of any single quarter cannot be extrapolated to the financial year
as a whole.

Tom Alzin, Spokesman for the Board of Management of Deutsche Beteiligungs
AG, said: "Despite the macroeconomic challenges, our team and our partners
have succeeded in opening up attractive opportunities for our Company, our
fund investors and our shareholders - and seizing these opportunities in the
interests of all stakeholders. This underlines our ability to identify
opportunities and to realise potential both inside and outside our network,
even in challenging situations. In addition, the results shown in our
half-yearly financial report clearly demonstrate that our strategic
decisions, such as our geographical and sector diversification, are already
bearing fruit."

(1) Adjusted for dividends paid and the effects of incorporating additional
valuation factors

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 · Roland Rapelius
Untermainanlage 1 · 60329 Frankfurt/Main, Germany
Telephone +49 69 95787-365 · +49 151 26663172 (mobile)
E-mail: roland.rapelius@dbag.de

Deutsche Beteiligungs AG
Senior Manager, Corporate Communications · Youssef Zauaghi
Untermainanlage 1 · 60329 Frankfurt/Main, Germany
Telephone +49 69 95787-363 · +49 175 7032271 (mobile)
E-mail: youssef.zauaghi@dbag.de


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08.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Deutsche Beteiligungs AG
                   Untermainanlage 1
                   60329 Frankfurt am Main
                   Germany
   Phone:          +49 69 957 87-01
   Fax:            +49 69 957 87-199
   E-mail:         welcome@dbag.de
   Internet:       www.dbag.de
   ISIN:           DE000A1TNUT7
   WKN:            A1TNUT
   Indices:        SDAX
   Listed:         Regulated Market in Dusseldorf, Frankfurt (Prime
                   Standard); Regulated Unofficial Market in Berlin,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1897995

End of News EQS News Service
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1897995 08.05.2024 CET/CEST