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Government-backed FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 12 SOURCES

MBG Mittelständische Beteiligungsgesellschaft Thüringen

Also known as MBG Thüringen, Mittelständische Beteiligungsgesellschaft Thüringen mbH

Erfurt-based Mittelständische Beteiligungsgesellschaft providing silent and open participations to Thuringian SMEs and start-ups; 144 holdings worth €48.5m at end-2025.

One of the regional Mittelständische Beteiligungsgesellschaften (MBG); not to be confused with the MBGs of other Länder (e.g. MBG Baden-Württemberg, MBG Sachsen-Anhalt) or with Bürgschaftsbank Thüringen, its partner guarantee bank.

HEADQUARTERS
Erfurt, Germany
FOUNDED
1992
AUM
€48.5M (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
3 people

Focus

STAGES
SeedGrowthBuyout
SECTORS
Industrial & Manufacturing
ASSET MIX
Direct investments
GEOGRAPHY
Germany

Overview

Mittelständische Beteiligungsgesellschaft Thüringen mbH (MBG Thüringen) was founded on 27 January 1992 in Erfurt and works as the partner of Bürgschaftsbank Thüringen. Its shareholders are chambers, business associations, banks, insurers and promotional institutions, including Helaba, Thüringer Aufbaubank, DZ BANK, Commerzbank, Deutsche Bank and UniCredit. It provides silent and open participations as economic equity to small and medium-sized companies in Thuringia for start-up, growth, innovation and succession, with no sector preference except agriculture. At 31 December 2025 it held 144 participations with a volume of €48.5m; in 2025 it provided €7.5m to 10 companies.

Investment thesis

Silent and open participations that strengthen the equity base of Thuringian SMEs and founders (MBG classic up to €1.5m, exceptionally €2.5m silent and €300k open; MBG inno €50k–€3m for innovative start-ups and SMEs; MBG Mikromezzanin €10k–€100k); all sectors except agriculture; investment location in Thuringia.

PORTFOLIO (2)

People

  • Michael Burchardt
    Managing Director (Geschäftsführer) · source
  • Stefan Schneider
    Managing Director (Geschäftsführer) · source
  • Katrin Siebert
    Chair of the Supervisory Board (Abteilungsdirektorin, DZ BANK AG) · source

Links

Frequently asked questions

MBG Mittelständische Beteiligungsgesellschaft Thüringen is a government-backed fund based in Erfurt, Germany, founded in 1992.

Yes. MBG Mittelständische Beteiligungsgesellschaft Thüringen invests its own capital in private companies.

MBG Mittelständische Beteiligungsgesellschaft Thüringen invests at Seed, Growth and Buyout stages in Industrial & Manufacturing.

MBG Mittelständische Beteiligungsgesellschaft Thüringen's stated ticket size is €10K–€2.5M.

Key people at MBG Mittelständische Beteiligungsgesellschaft Thüringen include Michael Burchardt (Managing Director (Geschäftsführer)), Stefan Schneider (Managing Director (Geschäftsführer)) and Katrin Siebert (Chair of the Supervisory Board (Abteilungsdirektorin, DZ BANK AG)).

MBG Mittelständische Beteiligungsgesellschaft Thüringen's investments include KARL Verpackungen GmbH and MANAO GmbH.

MBG Mittelständische Beteiligungsgesellschaft Thüringen states that it accepts submissions through its official contact page.

No. MBG Mittelständische Beteiligungsgesellschaft Thüringen invests its own capital and does not raise money from outside investors.