DGAP-Ad-hoc: Deutsche Beteiligungs AG / Key word(s): Annual Results 
Deutsche Beteiligungs AG: Sale of investment in blikk radiology group - Unexpected contribution to net asset value of 
Private Equity Investments and net income of 26 million euros 
09-Jul-2021 / 18:05 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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Deutsche Beteiligungs AG ("DBAG"; ISIN: DE000A1TNUT7 / WKN: A1TNUT) - Sale of investment in blikk radiology group - 
Unexpected contribution to net asset value of Private Equity Investments and net income of 26 million euros 
Disclosure of inside information pursuant to Article 17 (1) of Regulation (EU) 596/2014 on Market Abuse 
Deutsche Beteiligungs AG ("DBAG"; ISIN: DE000A1TNUT7/ WKN: A1TNUT) envisages an additional, unexpected contribution to 
net asset value of Private Equity Investments as at 30 September 2021, and to DBAG's net income for the financial year 
2020/2021 of approximately 26 million euros, resulting from DBAG Fund VII's sale of its investment in blikk Holding 
GmbH ("blikk"), as agreed today. In the course of the transaction DBAG also sold its stake in the radiology group. The 
proceeds DBAG will generate from the disposal markedly exceed the fair value of DBAG's interest (11.0 per cent on a 
look-through basis), as reported in DBAG's most recent half-yearly financial report (as at 31 March 2021). It is 
envisaged that DBAG Fund VII and DBAG will invest part of the proceeds of the sale in a re-investment. 
The value contribution from the sale was not included in the forecast for net asset value of Private Equity Investments 
and net income, as most recently affirmed on 12 May 2021. DBAG's most recent forecast for net asset value as at 30 
September 2021 was in a range of 450 to 505 million euros, excluding the net proceeds from the capital increase; net 
income for the financial year 2020/2021 was projected in a range between 70 and 80 million euros. 
DBAG is currently in the process of compiling its quarterly statement as at 30 June 2021, which will incorporate the 
unplanned value contribution from this transaction. Net asset value of Private Equity Investments as at 30 June 2021 
and the results for the third quarter of the current financial year (1 April to 30 June 2021) may be subject to further 
positive or negative effects from the valuation of the remaining portfolio companies, as well as to other insights 
gained during preparation of the quarterly statement. Any comparison to the results of the same quarter of the previous 
financial year - which were extraordinarily high, mainly due to significant catch-up effects on capital markets, 
following the end of the pandemic lock-down - will be of limited informative value. 
Completion of said transaction is subject to approval by antitrust authorities. 
The Board of Management 
Frankfurt/Main, 9 July 2021 
Reporting person: Roland Rapelius, Head of Investor Relations 
Contact: 
Roland Rapelius 
Head of Investor Relations 
E-Mail: roland.rapelius@dbag.de 
Phone: +49 69 95787 365 
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09-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Deutsche Beteiligungs AG 
              Börsenstrasse 1 
              60313 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 
Listed:       Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1217435 
 
End of Announcement  DGAP News Service 
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1217435 09-Jul-2021 CET/CEST


 
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(END) Dow Jones Newswires

July 09, 2021 12:05 ET (16:05 GMT)