Corporate | 6 November 2025 07:30


Deutsche Beteiligungs AG: Third-quarter performance driven by successful duagon exit and MAIT investment

Deutsche Beteiligungs AG / Key word(s): Quarter Results/Private Equity
Deutsche Beteiligungs AG: Third-quarter performance driven by successful duagon exit and MAIT investment

06.11.2025 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


Deutsche Beteiligungs AG: Third-quarter performance driven by successful duagon exit and MAIT investment

  • duagon: DBAG Fund VII overcomes challenging market conditions to generate healthy returns from its fourth exit to Knorr-Bremse AG
  • New investment: DBAG Fund VIII to acquire MAIT, a leading digital transformation partner for the mid-market sector
  • Gross gains and losses on measurement and disposal of 37.4 million euros realised in the nine-month period of 2025
  • Approximately 32.5 million euros distributed to shareholders (dividends and share buybacks over the course of the year)
  • NAV per share: 35.28 euros (as at 30 September 2025; 31 December 2024 [1] : 35.78 euros)
  • EBITA from Fund Investment Services in line with expectations: 11.2 million euros in the nine-month period of 2025 (first nine months of 2024: 13.4 million euros)
  • DBAG confirms its forecast for the financial year 2025 as per the half-yearly financial report published on 7 August 2025: NAV per DBAG share outstanding of 35 to 38 euros; EBITA from Fund Investment Services of 10 to 15 million euros

Frankfurt/Main, 6 November 2025. The key highlights in Deutsche Beteiligungs AG’s (DBAG) report on its third-quarter business performance include the highly successful duagon exit to a strategic buyer and the agreed majority investment in MAIT. DBAG generated a strong return with the sale of duagon to Knorr‑Bremse AG, while the agreed MAIT investment will strengthen DBAG’s portfolio in the growing IT services and software sector.

Financial KPIs in line with expectations – annual forecast confirmed

Net asset value (NAV) per share amounted to 35.28 euros as at 30 September 2025, compared with 35.78 euros on both 30 September 2024 and 31 December 2024 1 . DBAG returned around 32.5 million euros (approx. 1.80 euros per share as at the 30 September 2025 reporting date) to its shareholders via dividends and share buybacks, highlighting the Company’s consistently shareholder-friendly distribution policy.

Gross gains and losses on measurement and disposal reached 37.4 million euros in the first nine months of the financial year 2025 (first nine months of 2024: 74.3 million euros), while EBITA from Fund Investment Services amounted to 11.2 million euros in the same period (first nine months of 2024: 13.4 million euros).

DBAG has confirmed its forecast for the financial year 2025: an NAV per share of between 35 and 38 euros and an EBITA from Fund Investment Services of between 10 and 15 million euros.

duagon exit demonstrates DBAG’s successful acquisition strategy

Having acquired duagon in a succession situation, DBAG helped to oversee an ambitious acquisition strategy in the rapidly growing rail infrastructure market. The sale of duagon to strategic buyer Knorr-Bremse AG brought this systematic value creation strategy to a successful close.

MAIT: new investment in leading IT consultancy and software integration company

DBAG Fund VIII agreed to invest in a majority stake in MAIT in the third quarter, thus strengthening DBAG’s portfolio in the structural growth sector of IT services and software. MAIT employs some 900 people and services approximately 7,000 customers in Germany, Austria, Switzerland and the Benelux countries, using its integrated solutions to provide customers with expert assistance in their long-term digital transformation.

Activity remains high on the transaction market

DBAG also structured three private debt investments alongside its private equity transactions as well as concluding an investment in the FinMatch financing platform, realising its sixth Long-Term Investment. DBAG’s portfolio comprised 36 companies as at 30 September 2025.

As Tom Alzin, Spokesman of the Board of Management of DBAG, said: “The highly successful duagon disposal is an excellent example of what a well-executed acquisition strategy can achieve in a growing market, while also being one of the few disposals made to a strategic buyer. At the same time, the MAIT investment highlights our focus on digital transformation and service-oriented business models.”

Outlook: high level of transaction activity expected

DBAG is working on a number of new transactions, including both investments and disposals, and expects to be able to announce further deals over the next twelve months.


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

[1] In accordance with IAS 34, we use the figures as at 31 December 2024 as comparative information for reporting-date figures such as net asset value, net asset value per share and assets under management or advisory, and the figures for the nine months of the calendar year 2024 (1 January 2024 to 30 September 2024) as comparative information for period-based figures such as EBITA from Fund Investment Services, net income and earnings per share.



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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: 2224448

End of News EQS News Service

2224448  06.11.2025 CET/CEST