High Deal Activity Forecast for Deutsche Beteiligungs AG in FY26

Deutsche Beteiligungs AG (DBAG) is poised for increased deal activity in the coming year, as highlighted by the CEO during the company's recent earnings call. Expectations are set for substantial divestments, targeting up to 20% of the company's NAV. The strategic focus is directed toward assets within the DBAG VI fund, which was launched in 2013 and is nearing the end of its life.

A divestment pace acceleration could benefit investors through meaningful capital returns. DBAG anticipates potential investment valuation uplifts between 15% and 20%, contributing to a strong foundation for a new fund launch. The anticipated DBAG IX fund would act as a successor to DBAG VIII, providing significant financial resources for future investments.

Additionally, DBAG aims to maintain its shareholder-friendly policy with ongoing share buybacks and base dividends.