Hessische Beteiligungsgesellschaft pleased with successful business year

In 2021, MBG H was able to increase the investment capital for SME and start-up promotion in Hesse.

Mittelständische Beteiligungsgesellschaft Hessen (MBG H) can be pleased with a good year: in 2021, it not only increased its annual surplus by more than 90 percent to around 756,100 euros, but also approved more equity investments in SMEs and start-ups than in the previous year. According to MBG H, a total of 15 investments with a total volume of 5.8 million euros were approved, compared to 13 investments with a total volume of 4.7 million euros in the previous year.

"Even after two years of Corona - or perhaps precisely because of this - we see how many creative ideas are emerging in our state. How many companies have developed new ideas, have new perspectives and are confident about the future," says Jürgen Zabel, Managing Director of Beteiligungs-Managementgesellschaft Hessen mbH (BMH), which manages MBG H. BMH bundles all public investment interests and financing instruments for start-ups and SMEs in Hesse and is a subsidiary of Landesbank Hessen-Thüringen (Helaba).

The startups in which MBG H participates have been supported "so that together with us they can survive the crisis as well as possible," Zabel said. MBG H has supported the companies, for example, by deferring interest and redemption payments and increasing additional equity capital. MBH H also made high risk provisions in 2021 and formed value adjustments on investments amounting to 497,500 euros (previous year: 942,800 euros).

The investment company provides start-ups in Hesse with mezzanine capital in the form of silent partnerships over a period of ten years. In doing so, the company focuses on companies that have innovation and growth prospects. In the past fiscal year, MBG H invested in 98 Hessian companies.