Deutsche Beteiligungs AG Successfully Places €100 Million Convertible Bonds Due 2030

Frankfurt/Main, 28 June 2024 – Deutsche Beteiligungs AG announced the successful placement of senior unsecured convertible bonds totaling €100 million, due in 2030. The bonds, which can be converted into new and/or existing no-par value registered shares in the company, were offered exclusively to institutional investors outside the U.S. through an accelerated bookbuilding process. The company's existing shareholders' pre-emptive rights are excluded.

The bonds, issued at 100% of par, bear a fixed interest rate of 5.5% per annum, payable semi-annually. They are convertible into up to 3,247,259 no-par value shares at an initial conversion price of €30.7952, reflecting a 22.5% premium on the reference share price of €25.1389.

Rossmann Beteiligungs GmbH, a company shareholder, and members of the Board of Management participated in the placement. The bonds are set to be issued around 5 July 2024, with the company observing a 90-day lock-up period post-closing.

The company plans to list the bonds on the Open Market of the Frankfurt Stock Exchange and intends to use the proceeds for co-investments and general corporate purposes. According to Tom Alzin, Spokesman of the Board of Management, the placement highlights the attractiveness of Deutsche Beteiligungs AG's growth-oriented business model.