BayBG publishes annual results 2022/23

BayBG invests record €75 million in Bavarian companies

Munich, March 22, 2024. In the 2022/23 financial year, BayBG Bayerische Beteiligungsgesellschaft invested approximately €75 million in medium-sized companies and startups (previous year: €67.5 million). The total investment portfolio grew by 12% to €395 million (previous year: €350 million). Strong demand for mezzanine and equity financing led to increased investment volumes across nearly all business areas.

Of the total investments, €43.7 million were allocated to expansion financing for SMEs, €12.1 million to succession financing, and €11.0 million to venture capital investments in startups. A further €3 million was invested in small businesses and €2 million in start-ups. The turnaround division provided €3 million to companies in special situations.

Peter Pauli, Spokesman of the Management Board of BayBG, commented:
“Our results reflect the growing investment and transformation needs of SMEs as well as the capital requirements of startups. Many companies still had strong order books following the pandemic and expected economic recovery despite challenging conditions. At the same time, there is a significant need for investment, particularly driven by the energy transition and new technologies. Equity capital plays a key role in strengthening resilience.”

Economic conditions remained challenging for SMEs. Concerns about economic development and geopolitical crises weighed on business sentiment, while banks have become more cautious in their lending. As a result, equity financing continues to gain importance – as also reflected in the increasing demand for BayBG’s investment solutions.

Peter Herreiner, Managing Director of BayBG, added:
“Our clear focus is on the quality of our investments. While we could have achieved higher investment volumes, this would not have aligned with our standards regarding management quality, market positioning and future viability. Our goal is to support companies with strong growth potential, secure jobs and contribute to strengthening Bavaria as a business location.”

Read our Annual Report 2022/23 here.