The BayBG increased its new investments by around 18 percent year-on-year to €67.5 million. The majority of €31.6 million went to growth and transformation projects, €16.1 million went to company succession planning, and €10.9 million to turnarounds. €5.9 million went to startups in the form of venture capital, and €3 million to small and young companies and start-ups.
"For companies, equity capital means not only liquidity, but also financial stability. In the persistently challenging economic environment, equity capital increases the scope for action,"
says Peter Pauli, Spokesperson for the Management of BayBG.
"For this reason, many medium-sized companies are resorting to minority shareholdings or mezzanine capital, especially since debt potential has often already been exhausted in the wake of the coronavirus and Ukraine crises, and credit institutions are acting more cautiously."
BayBG: Investment portfolio at record high
BayBG's investment portfolio reached its all-time high of €350 million last fiscal year. The company achieved an annual result of €5.3 million. However, this is significantly below the previous year's net profit of €14.2 million.
“We are satisfied with the course of the financial year,”
says Peter Herreiner, Co-Managing Director of BayBG.
“With the new investments we have made, we are strengthening medium-sized companies and startups in Bavaria.”
In the first quarter of the current 2022/23 financial year, BayBG has already invested more than €24 million and is again targeting new investments with a value of over €50 million and an annual profit of €6.7 million. The portfolio is expected to continue growing in the medium term.
