KBG NRW – Kapitalbeteiligungsgesellschaft für die mittelständische Wirtschaft in Nordrhein-Westfalen
MBG whose largest shareholder (about 49%) is NRW.BANK
Also known as KBG NRW, KBG Nordrhein-Westfalen, Kapitalbeteiligungsgesellschaft für die mittelständische Wirtschaft in Nordrhein-Westfalen mbH
Neuss-based MBG for North Rhine-Westphalia, founded 1975 and about 49% owned by NRW.BANK; provides silent participations of EUR 50k–1.5m to SMEs for start-up, succession and growth.
The Mittelständische Beteiligungsgesellschaft (MBG) of North Rhine-Westphalia, based in Neuss; not to be confused with KBG Saarländische Kapitalbeteiligungsgesellschaft (Saarbrücken).
- HEADQUARTERS
- Neuss, Germany
- FOUNDED
- 1975
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 5 people
Focus
- STAGES
- SeedGrowthBuyout
- SECTORS
- —
- ASSET MIX
- Private creditDirect investments
- GEOGRAPHY
- Germany
Investment arms & vehicles
- Federal BMWK/ESF micro-mezzanine fund; KBG provides silent participations of up to EUR 150k to start-ups and small firms in NRW
Overview
KBG NRW (Kapitalbeteiligungsgesellschaft für die mittelständische Wirtschaft in Nordrhein-Westfalen mbH) was founded in 1975 as a non-profit self-help organisation of the economy, publicly supported by the Bund and the Land. It strengthens the equity of start-ups, business successions and growing SMEs of all sectors in NRW with typically silent participations of up to EUR 1.5m, backed by guarantees of the Bürgschaftsbank NRW, with whom it shares premises in Neuss. Its shareholders are NRW.BANK (about 49%), DZ BANK, the Bankenverband NRW, the two Sparkassen associations (since October 2024) and chambers. At the end of 2024 its silent participations were carried at EUR 18.1m across 398 contracts.
Investment thesis
Sector-agnostic silent participations (mezzanine) for SMEs with a seat or investment site in NRW: founders up to two years old, successors buying companies, and established growth companies (at least two years old); no influence on operations, no collateral beyond personal partial guarantees, repayment at nominal value.
People
- Manfred ThivessenManaging Director (also Managing Director of Bürgschaftsbank NRW) · source
- Ingo OttenManaging Director · source
- Rudolf PinterManaging Director (named in the 2024 annual report) · source
- Christoph BüthChair of the shareholders' meeting and of the investment committee (Head of Equity Finance, NRW.BANK) · source
- Steffen PörnerDeputy Chair of the shareholders' meeting (Managing Director, Bankenverband NRW) · source
Links
Frequently asked questions
KBG NRW – Kapitalbeteiligungsgesellschaft für die mittelständische Wirtschaft in Nordrhein-Westfalen is a government-backed fund based in Neuss, Germany, founded in 1975.
Yes. KBG NRW – Kapitalbeteiligungsgesellschaft für die mittelständische Wirtschaft in Nordrhein-Westfalen invests its own capital in private companies.
KBG NRW – Kapitalbeteiligungsgesellschaft für die mittelständische Wirtschaft in Nordrhein-Westfalen invests at Seed, Growth and Buyout stages.
KBG NRW – Kapitalbeteiligungsgesellschaft für die mittelständische Wirtschaft in Nordrhein-Westfalen's stated ticket size is €50K–€1.5M.
Key people at KBG NRW – Kapitalbeteiligungsgesellschaft für die mittelständische Wirtschaft in Nordrhein-Westfalen include Manfred Thivessen (Managing Director (also Managing Director of Bürgschaftsbank NRW)), Ingo Otten (Managing Director), Rudolf Pinter (Managing Director (named in the 2024 annual report)) and Christoph Büth (Chair of the shareholders' meeting and of the investment committee (Head of Equity Finance, NRW.BANK)).
KBG NRW – Kapitalbeteiligungsgesellschaft für die mittelständische Wirtschaft in Nordrhein-Westfalen states that it accepts submissions through its official contact page.
No. KBG NRW – Kapitalbeteiligungsgesellschaft für die mittelständische Wirtschaft in Nordrhein-Westfalen invests its own capital and does not raise money from outside investors.