Deutsche Beteiligungs: Capital raise supports growth acceleration - Jefferies

Deutsche Beteiligungs AG

13/05/2021 11:02

** Jefferies reinstates coverage of German private equity
fund Deutsche Beteiligungs  DBANn.DE  with a "buy" rating,
saying the proceeds from recent capital raise will support the
company's deployment targets over the next three years and
accelerate its growth
    ** Deutsche Beteiligungs concluded a share capital increase
of around EUR 105.0 million last month  urn:newsml:reuters.com:*:nASN0014HR
    ** The broker adds that the company's Q2 results showed
"strong momentum" with its investment platform remaining busy
into Q3 and notes the management's "conservative" valuation of
Deutsche Beteiligungs' portfolio
    ** "This is a rare opportunity to buy a private markets
stock where management is valuing its portfolio conservatively
and the market is valuing its stock stingily," Jefferies says
    ** Out of 5 analysts that cover Deutsche Beteiligungs, five
rate the stock "strong buy" or "buy,"​ no analysts rate "hold"
and no analysts rate the stock "strong sell" or "sell",
according to Refinitiv data

 ((antonis.pothitos@thomsonreuters.com))