CBG Commerz Beteiligungskapital
Mezzanine-capital subsidiary of Commerzbank AG
Also known as CBG, CBG Commerz Beteiligungskapital GmbH & Co. KG
Frankfurt mezzanine-capital subsidiary of Commerzbank: silent participations and profit-participation rights of €2–15m for German Mittelstand companies; €300m, ~40 holdings (BVK, 2020).
- HEADQUARTERS
- Frankfurt am Main, Germany
- FOUNDED
- —
- AUM
- €300M (2020)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 5 people
Focus
- STAGES
- GrowthBuyout
- SECTORS
- Industrial & Manufacturing
- ASSET MIX
- Private creditDirect investments
- GEOGRAPHY
- Germany
Overview
CBG Commerz Beteiligungskapital GmbH & Co. KG is the Frankfurt-based subsidiary through which Commerzbank provides mezzanine capital to small and mid-sized German companies. It invests through profit-participation rights (Genussrechte) and silent participations, so the company's shareholder base stays unchanged, and finances expansion, bridge/pre-IPO and small and mid-sized buy-outs. Linked to Commerzbank's Mittelstandsbank, it says it is not dependent on third-party investors. Its BVK profile lists €300 million of capital and 40 portfolio companies in Germany (2020), active since 1987.
Investment thesis
Long-term mezzanine partner for established Mittelstand companies: subordinated, equity-like capital (Genussrechte, stille Beteiligungen) that strengthens the equity base without changing the shareholder group, for growth, acquisitions, bridge financing and buy-outs; no sector focus.
People
Links
Frequently asked questions
CBG Commerz Beteiligungskapital is a corporate venture arm based in Frankfurt am Main, Germany.
Yes. CBG Commerz Beteiligungskapital invests its own capital in private companies.
CBG Commerz Beteiligungskapital invests at Growth and Buyout stages in Industrial & Manufacturing.
CBG Commerz Beteiligungskapital's stated ticket size is €2M–€15M.
Key people at CBG Commerz Beteiligungskapital include Stephan Klier (Managing Director), Klaus Sachse (Managing Director), Martin Kuzmicki (Investment Manager) and Dr. Peter Widmann (Investment Manager).
No. CBG Commerz Beteiligungskapital invests its own capital and does not raise money from outside investors.