Private Equity

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SüdBG

The South Investments (SudBG) is a 100% subsidiary of LBBW, supporting medium-sized companies in Germany. SudBG offers individually tailored equity and...

SüdBG logo

SüdBG

The South Investments (SudBG) is a 100% subsidiary of LBBW, supporting medium-sized companies in Germany. SudBG offers individually tailored equity and equity-related solutions for succession planning, growth financing, ownership change, and business unit autonomy. The firm has a network of partners through its involvement in the LBBW Group and public law composite.

General information

Firm type

Private Equity

Year founded

1970

Location

Region

Europe

Country

Germany

City

Stuttgart

Corporate office

Stuttgart, Germany

Principals

Gunter Max

Sprecher der Geschäftsführung

Christian Gehrlein

Geschäftsführer

Sector focus

Industrial TechAutomotiveManufacturingBusiness Services

Frequently asked questions

Who runs investment decisions at SüdBG?

Gunter Max is the named spokesperson for management and has led the firm since 2001. Christian Gehrlein joined as a second managing director in 2024 with a focus on new acquisitions. Investment directors and managers source and execute individual transactions.

Is SüdBG a family office or a captive private equity arm?

SüdBG is a captive private equity subsidiary of Landesbank Baden-Württemberg (LBBW). It is not a family office or third-party fund manager. It provides equity from the bank's own balance sheet to mid-market companies.

How does SüdBG source its deals?

SüdBG draws proprietary deal flow from LBBW's broad corporate banking network across the DACH region. It targets succession-driven, growth, and spin-off transactions in the mid-market, focusing on companies with established banking relationships within the LBBW ecosystem.

What types of transactions does SüdBG pursue?

The firm structures buyout, growth, management buyout, reorganization, spin-off, and succession equity solutions. It typically invests in the automotive supply, machinery, metal-processing, and business services sectors.

Does SüdBG invest outside of Germany, Austria, or Switzerland?

The firm's own materials describe a geographic focus on the DACH region, and no public record indicates a mandate beyond Germany, Austria, and Switzerland.

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