MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein
MBG owned by IB.SH, the Sparkassen- und Giroverband SH, DZ BANK, Bürgschaftsbank SH, Commerzbank, Deutsche Bank, UniCredit, the IHKs of Flensburg, Kiel and Lübeck, the Handwerkskammern Lübeck and Flensburg and UV Nord's Studien- und Fördergesellschaft Investitionsbank Schleswig-Holstein (IB.SH) and Schleswig-Holstein banks and chambers
Also known as MBG Schleswig-Holstein, MBG SH, MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein mbH
Kiel MBG founded 1994, owned by IB.SH, Sparkassen, banks and chambers; silent and open participations in about 570 SH firms, portfolio over €141m.
Schleswig-Holstein's MBG (Kiel), which manages several Land/EFRE funds with IB.SH; not to be confused with IB.SH itself or the MBGs of other Länder.
- HEADQUARTERS
- Kiel, Germany
- FOUNDED
- 1994
- AUM
- €141M (2026)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 9 people
Focus
- STAGES
- Pre-SeedSeedSeries AGrowthBuyout
- SECTORS
- Industrial & ManufacturingSoftware & SaaSHealthTechFood & AgricultureConsumer & E-commerceClimate & Energy
- ASSET MIX
- Private creditVenture capitalDirect investments
- GEOGRAPHY
- Germany
Investment arms & vehicles
- Over €50m fund with IB.SH, the Land and EFRE 2021-2027 money for seed, start-up and innovative SMEs (successor to Seed- und StartUp-Fonds II SH)
- Silent participations of €750k-2m in established SMEs; backed by the Land, IB.SH, all banking groups and MBG, which runs it
- Silent (€50k-1.5m) and open (up to €200k) participations for SMEs
- Follow-on financing for start-ups and growing SMEs: silent €50k-1.3m, open up to €200k
- Open minority stakes up to €500k (max 24.9%) in established and tech SMEs and successions
- Silent participations of €50k-200k for companies in Kreis Steinburg, with the district and egw
Overview
MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein mbH, founded in 1994, is a private regional investment company that strengthens the equity of SMEs in Schleswig-Holstein, working closely with Investitionsbank Schleswig-Holstein and Bürgschaftsbank Schleswig-Holstein. It provides silent and open participations through its own MBG programme and a family of funds it manages with public partners, including the EFRE-backed Innovationsfonds SH, InnoGrowth SH, the Mittelstandsfonds Schleswig-Holstein and a VC fund. In 2025 it committed €25.4m (incl. Mikromezzanin) to 91 companies, ranking second among German MBGs; it holds stakes in about 570 companies.
Investment thesis
Equity and mezzanine for Schleswig-Holstein companies at every stage, from founding and seed (via Innovationsfonds SH) to growth, succession and buy-outs; no restructurings or refinancing of bank debt.
PORTFOLIO (11)
- Planton GmbHExited
- Wagner Pralinen GmbH & Co. KGFood & Agriculture
- Dr. Lorentz GmbHHealthTech
- EyeSpec GmbHIndustrial & Manufacturing
- gestigon GmbHSoftware & SaaS
- KUHdo GmbHFood & Agriculture
- myStandards GmbH
People
- Holger ZervasSpokesman of the Management Board · source
- Carsten MüllerManaging Director · source
- Andreas RöpkenProkurist, Fund Manager · source
- Kai BertowProkurist, Corporate Steering · source
- Georg BannerProkurist, Investment Manager, Fund Manager · source
- Arne KattemeyerManaging Director of Mittelstandsfonds SH, Client Manager · source
- Bernd ErnstInvestment Manager · source
- Jonas HansenInvestment Manager · source
- Alexander SondersInvestment Manager, ESG Manager · source
Links
Frequently asked questions
MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein is a government-backed fund based in Kiel, Germany, founded in 1994.
Yes. MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein invests its own capital in private companies.
MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein invests at Pre-Seed, Seed, Series A, Growth and Buyout stages in Industrial & Manufacturing, Software & SaaS, HealthTech, Food & Agriculture, Consumer & E-commerce and Climate & Energy.
MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein's stated ticket size is Up to €2.5M.
Key people at MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein include Holger Zervas (Spokesman of the Management Board), Carsten Müller (Managing Director), Andreas Röpken (Prokurist, Fund Manager) and Kai Bertow (Prokurist, Corporate Steering).
MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein's investments include Planton GmbH, Wagner Pralinen GmbH & Co. KG, Dr. Lorentz GmbH, EyeSpec GmbH, gestigon GmbH, KUHdo GmbH, myStandards GmbH and Simulacron GmbH, among others.
MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein states that it accepts submissions through its official contact page.
Yes. MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein manages capital from outside investors.