Deutsche Beteiligungs AG : Increased caution due to peak purchase multiples and risen share of secondary buyouts in the PE industry
>Historical figures and estimates adapted to new CI accounting - As previously reported, DBAG has changed its method for the recognition of carried interest (CI) given that the Germany’s Federal Financial Supervisory Authority (BaFin) has taken a different view on the IFRS-compliant treatment of CI entitlements arising from private investments made by investment managers in investment entity subsidiaries. In its 9M 2017-18 report (9M ended 30 June 2018), DBAG implemen...Deutsche Beteiligungs is an investment company. Co. raises closed-end private equity funds (DBAG funds) for investments in equity or equity-like financial instruments primarily in non-quoted companies. Co. invests as a co-investor in companies alongside DBAG funds by way of majority takeovers or minority investments. Co. basically structures majority takeovers as so-called management buyouts. Expansion capital financings are made by way of a minority investment, for example, via a capital increase. Geographically, Co. concentrates its investments primarily on companies domiciled in German-speaking regions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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