Disclosure in accordance with section 111c (1) in conjunction with section 111c (4) of the German Stock Corporation Act (Aktiengesetz – AktG) with the objective of Europe-wide distribution
As announced in a disclosure published on 15 September 2023, Deutsche Beteiligungs AG (“DBAG”) has entered into a partnership with ELF Capital Advisory GmbH, based in Frankfurt/Main, Germany, as an extension of DBAG’s previous business activities.
In this context, DBAG will invest indirectly – via DBAG ELF Funds Konzern GmbH & Co. KG, an unconsolidated investment entity subsidiary – by subscribing to limited partnership interests in ELF European Lending Fund II SCSp SICAV-RAIF ("ELF II") as well as in ELF Capital Solutions Fund I SCSp SICAV-RAIF ("ELF CS"), by way of agreements with ELF European Lending Management II S.à r.l. ("ELF II GP") for ELF II and with ELF Capital Solutions Management S.à. r.l. ("ELF CS GP") for ELF CS. ELF II GP and ELF CS GP will each become fully-consolidated subsidiaries of DBAG. According to DBAG’s current assessment (taking into account the expected investment dates), the present value of the respective subscription commitments as at 30 November 2023 is to be valued at 24.5 million euros for ELF II and at 73.5 million euros for ELF CS, respectively.