Mittelstandische Beteiligungsgesellschaft Thuringen

It uses silent participations (stille Beteiligungen), a form of mezzanine capital common in German public-investment banking. The firm provides economic equity — ranking behind senior debt but ahead of pure shareholder equity — without voting rights or operational interference. This structure qualifies as core capital for bank-rating purposes while leaving the founding or family owners in full strategic control.

Managing Directors Stefan Schneider and Michael Burchardt jointly lead the institution. The firm operates under a public-investment mandate tied to Thuringian economic development, and its strategy — supporting founding, growth, and succession across the state — is shaped in close cooperation with the Thüringer Aufbaubank and industry bodies such as the Bundesverband Deutscher Kapitalbeteiligungsgesellschaften.

MBG Thüringen functions as a sister organization to the regional development bank (TAB) and the state’s guarantee bank (BBT). The three entities form a financing cluster for Thuringian SMEs: TAB handles subsidized loans, BBT provides guarantees for bank debt, and MBG supplies equity and equity-like instruments. They also collaborate on events such as the annual New Year’s Reception and the MBG Beratertag.

No. Its entire mandate is geographically restricted to the state of Thuringia. It invests exclusively in companies with headquarters or significant operations in the state. The territorial link is the core of its public-development mission.

The firm does not structure pooled funds or invite third-party LP capital. It acts as a principal investor from its own balance sheet. On technology deals, it co-invests with bm|t beteiligungsmanagement thüringen gmbh, the designated regional venture-capital co-investor.