Mittelständische Beteiligungsgesellschaft Sachsen

Managing director Markus H. Michalow oversees investment activity at MBG Sachsen. He concurrently serves as managing director of Bürgschaftsbank Sachsen, the regional guarantee bank that shares management and office space with MBG. This dual-role structure centralizes both credit-guarantee and equity-participation decisions for the firm's Saxon SME portfolio.

The firm provides silent participations, mezzanine capital, and minority equity stakes. Silent participations are a characteristically German instrument — they confer profit-participation rights without voting control, which suits family-owned Mittelstand companies seeking growth or succession capital without diluting operational influence. These sit between bank debt and full-equity venture capital in the capital structure.

The two companies are strategic partners that share both management and office space in Dresden. Markus H. Michalow serves as managing director of both entities, creating an operational integration where loan guarantees (Bürgschaftsbank) and equity participations (MBG) can be coordinated for the same SME clients. This effectively gives Saxon companies a single point of entry for blended debt-and-equity solutions.