DLA Piper advises Deutsche Beteiligungs AG on share buyback program

DLA Piper has advised Deutsche Beteiligungs AG, a financial investor for medium-sized companies, on the introduction of a share buyback program with a total volume of up to EUR20 million (excluding incidental acquisition costs). Under this program, a maximum of 800,000 treasury shares are to be acquired, which corresponds to approximately 4.25% of the current share capital of Deutsche Beteiligungs AG. The buyback will begin shortly and be carried out over a period of up to one year.

Deutsche Beteiligungs AG will use the authorization granted by the Annual General Meeting on 28 February 2023 to acquire treasury shares in accordance with the German Stock Corporation Act. The buyback will be carried out by a credit institution via the stock exchange in accordance with the so-called safe harbor rules of the EU Market Abuse Regulation.

DLA Piper’s Capital Markets team was led by partner Dr Roland Maaß and senior associate Juliane Poss (both Frankfurt) and also included partner Kerstin Schnabel (Cologne), senior associate Theresa Schenk and associate Alexander Hofsepjan (both Frankfurt). Dr Matthias Döll was responsible for the legal side of the transaction in-house at Deutsche Beteiligungs AG.