DBAN

Edison issues update on Deutsche Beteiligungs (DBAN): Solid exits in FY23, expanding into private debt

Retrieved on: 
Donnerstag, Dezember 21, 2023
ELF, Software, DBAN, Acquisition, Policy, NAV, Health, DBAG, Security (finance), Renewable energy, Thomas Edison

Edison issues update on Deutsche Beteiligungs (DBAN): Solid exits in FY23, expanding into private debt

Key Points: 
  • Edison issues update on Deutsche Beteiligungs (DBAN): Solid exits in FY23, expanding into private debt
    The issuer is solely responsible for the content of this announcement.
  • Edison issues update on Deutsche Beteiligungs (DBAN): Solid exits in FY23, expanding into private debt
    Deutsche Beteiligungs (DBAG) posted a strong 18.1% NAV TR in FY23 (to end-September 2023), which more than offset the NAV TR loss in FY22 of c 13%.
  • Moreover, DBAG’s management decided to enter the fast-growing private debt market through the acquisition of a majority stake in ELF Capital, with DBAG making a €100m investment commitment to ELF Capital’s funds.
  • This may appeal to investors seeking exposure to cyclical value companies in anticipation of a potential rebound in the German economy.