Every day counts - Deutsche Beteiligungs AG

PORTFOLIO – BALANCED ACROSS
INDUSTRIES AND GEOGRAPHICALLY
Deutsche Beteiligungs AG · Annual Report 2002/2003
Corporate Review – Investments Portfolio profile
More than 90 percent of the new capital invested this past
financial year was channeled to management buyouts –
18.9 million euros to enterprises directly, 9.7 million euros
indirectly to international buyout funds. Our investments in
2002/2003 conform to the constituents of our portfolio
policy:
• To invest primarily in German-speaking countries.
• To invest at least 80 percent of our capital in management
buyouts.
• To invest two thirds of our capital in Germany and one
third internationally.
• To apportion no more than ten percent of the portfolio
value to any one investment as a rule.
• To diversify the portfolio across industries.
Portfolio volume declined slightly
At October 31, 2003, the portfolio volume of Deutsche Beteiligungs AG, including
Deutsche Beteiligungsgesellschaft mbH, totaled 299.7 million, invested in 43 enterprises
(October 31, 2002: 313.3 million euros, invested in 49 enterprises). The average investment
per holding rose from 6.39 million euros to 6.97 million euros. The average size
of investments in German-speaking countries was 7.81 million euros (previous year:
7.26 million euros), that of international investments 5.81 million euros (previous year:
5.56 million euros).
FY 2002/2003
FY 2001/2002
FY 2000/2001
FY 1999/2000
FY 1998/1999
43
49
49
50
47
Portfolio volume in millions of € Number
275
300
313
311
324
Rise in average sum per
investment
57