Deutsche Beteiligungs AG - Accessing Germany’s Mittelstand
Aug 08th 2012 - Edison Investment Research today published a report on Deutsche Beteiligungs AG entitled "Accessing Germany’s Mittelstand". In summary, the report says:
Deutsche Beteiligungs AG (DBAG) is a private equity firm listed in Frankfurt since 1985. Listed private equity (LPE) funds, like DBAG, provide broad access to an asset class that has performed well over the long term in a tradable form with a low minimum investment size. DBAG is differentiated from most of its peers due to its geographic and sector focus. DBAG combines the LPE model with access into the German Mittelstand, the core of Germany’s ongoing success. DBAG has a long and successful track record of performance and the current net discount to NAV of 26% (ex cash and listed securities) could prove unjustified if the underlying companies are more resilient than is being priced in or if markets...
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
