# Mittelständische Beteiligungsgesellschaft Sachsen

Mittelständische Beteiligungsgesellschaft Sachsen is an Asset Manager based in Dresden, Germany.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Dresden, Germany
- **Region:** Europe
- **Address:** Anton-Graff-Straße 20, 01309 Dresden, Germany
- **Founded:** 1992
- **Assets under management:** Undisclosed
- **Website:** www.mbg-sachsen.de
- **LinkedIn:** https://www.linkedin.com/company/mbg-sachsen

## Regulatory record

- **Reports private funds:** No

## About

Mittelstandische Beteiligungsgesellschaft Sachsen is a venture capital investment company based in Dresden, Germany. It manages approximately $83.77 million in assets. The firm has 3 staff, including 2 investment professionals.

## Sectors

- Enterprise Software
- Industrial Tech
- Mobility & Transportation
- Healthcare Services

## People

- Markus H. Michalow — Managing Director

## Questions

### Who runs investment decisions at MBG 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.

### What financing instruments does MBG Sachsen use?

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.

### How does MBG Sachsen relate to Bürgschaftsbank Sachsen?

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.

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- [Mirae Asset Capital Life Science](https://altss.com/profile/mirae-asset-capital-life-science)
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Last updated: 2026-06-03T20:00:00.000Z

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