Schwab was Ministerial Director from 2013 and Head of Department from 2014 in the Bavarian State Ministry for Economic Affairs, Energy and Technology before moving to LfA Förderbank Bayern as General Representative in 2019. Previously, he served as press spokesman for the CSU and then party chairman Edmund Stoiber, and later as Chief Executive Officer and member of the CSU Executive Board. In the cooperation between LfA and BayBG, Schwab numerous synergy effects for medium-sized businesses:
"While BayBG offers equity capital to medium-sized companies and startups, LfA stands for debt capital and risk assumption at favorable conditions. It is precisely this interplay of equity and debt that strengthens medium-sized businesses highly efficiently. It not only increases companies' resilience to crises but simultaneously creates the financial resources to successfully implement the necessary transformations."
Growing investments by BayBG
In addition to the LfA, almost all credit institutions, chambers and associations based in Bavaria are shareholders of BayBG. With an investment volume of more than 330 million euros, Bavarian investment company one of the most important private equity investors for medium-sized companies and startups. In its 2020/21 financial year, the medium-sized company focused on invested more money in new business than ever beforeBetween October 1, 2020, and September 30, 2021, a total of €57.6 million in fresh capital flowed in. BayBG also disbursed a further €47.4 million in investments from government aid programs, including €46.8 million under Pillar 2 of the Corona aid program. This brings new investments in the last fiscal year to a total of €105 million.
