BWK Unternehmensbeteiligungsgesellschaft

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BWK GmbH corporate participation company

logo
legal form Company with limited liability
founding 1990
Seat Stuttgart , GermanyGermanyGermany 
management Jochen Wolf (spokesman)
Bernd Bergschneider
Number of employees 843, of which 13 directly at BWK (annual average 2017)
sales 145 million euros (2017)
Branch Private equity , equity financing for unlisted medium-sized companies
Website www.bwk.de/
As of December 31, 2017

The BWK GmbH equity investment company (BWK) with headquarters in Stuttgart is a 1990 founded investment company with a portfolio of medium-sized family-owned businesses in Germany. The group is currently involved in 21 companies; the eight majority holdings are fully consolidated as subgroups .

The company has had a stable shareholder structure since it was founded. The largest shareholders in the company are the Landesbank Baden-Württemberg (LBBW) (40 percent) and the insurance group Wüstenrot & Württembergische (35 percent). The Hertie Foundation (15 percent) and the Landeskreditbank Baden-Württemberg Förderbank (L-Bank) (10 percent) hold further shares .

Investment criteria

The BWK sees itself as an “institutional family shareholder” who brings in equity and thus gives the partner company financial leeway for z. B. provides investments or growth strategies. There is no interference in day-to-day operations and is left to management. The portfolio companies are supported by advisory and supervisory boards. The financial lower limit for a company participation is set at an amount of 5 million euros. Areas of participation are growth financing, succession arrangements or changes of shareholders (MBO / MBI), whereby the BWK enters into majority and minority interests as well as silent partnerships. Target companies are mainly medium-sized companies that have a successful business model with a strong cash flow and a turnover of at least 8 to 10 million euros per year. The BWK does not have a specific industry focus, but invests across all industries in the German-speaking region (DA-CH).

Holdings

Since it was founded, BWK has invested in over 70 investments. The portfolio included, for example, Bechtle AG (IT), Bizerba SE & Co. KG (mechanical engineering), Mahle Behr GmbH & Co. KG (automotive supplier) and Trumpf GmbH & Co. KG (mechanical engineering).

Current portfolio

  • BKtel communications GmbH, development, manufacture and sale of optical transmission components and systems (e.g. for fiber optic networks), since 2007.
  • Coffee Fellows GmbH, supplier of American coffee shop systems, since 2015.
  • CruiseVision GmbH, the technologically leading provider of photo and video services on ocean-going cruise ships worldwide, since 2018.
  • Erpo Möbelwerk GmbH, manufacturer of upholstered furniture, since 2013.
  • Hewi G. Winker GmbH & Co. KG, nut connection technology, since 2014.
  • Hora-Werk GmbH, developer and manufacturer of precision turned parts and electrical components, since 2017.
  • H & R Industrierohrbau GmbH, specialized industrial service provider for maintenance and new construction of pipelines in production plants, since 2018.
  • ICT Innovative Communication Technologies AG, electronic information and presentation technology, since 2017.
  • IMS Gear SE & Co. KGaA, manufacturing of drive elements in the automotive sector, since 1999.
  • IT-Informatik GmbH, IT service provider, since 2013.
  • Joma-Polytec GmbH, manufacturer of injection-molded and extruded plastic parts and assemblies, since 2002.
  • Just Spices GmbH, production and distribution of spice mixtures and pure spices for the household sector, since 2018.
  • ndd Medizintechnik AG, medical technology manufacturer, since 2015.
  • Optoflux GmbH, Technical Optics, since 2014.
  • RAFI GmbH & Co. KG, manufacturer of electromechanical components and operating systems, since 2015.
  • Rasselstein Raumsysteme GmbH & Co. KG, leading manufacturer of prefabricated bathrooms in concrete construction, since 2018.
  • R-Biopharm AG , development of diagnostic products in the areas of clinical diagnostics and food & feed analysis, since 2004.
  • Rixius AG, trading in plastic and glass containers, since 2007.
  • Rolf Kind GmbH, open die forging products, since 2015.
  • SDV Medien + Service GmbH, production of individualized print products, since 2016.
  • Xactools GmbH, manufacturer of complex automation solutions in the field of measurement and testing technology, since 2018.

Status: April 2019

Supervisory board

The company's supervisory board consists of five people. The chairman of the committee is Rainer Neske, who is also chairman of the board of directors of Landesbank Baden-Württemberg and Baden-Württembergische Bank. Other members are Christian Ricken (Member of the Board of Management of Landesbank Baden-Württemberg), Manfred Bernhard Pumbo (Head of Controlling / Risk Management Württembergische Versicherung AG), Bernd Knobloch (Deputy Chairman of the Board of Management of the non-profit Hertie Foundation) and Johannes Heinloth (Member of the Board of Management of Landeskreditbank Baden-Württemberg-Förderbank).

Individual evidence

  1. ^ "Management". BWK website, accessed April 30, 2019.
  2. ↑ a b Consolidated financial statements for the 2017 financial year of BWK GmbH Unternehmensbeteiligungsgesellschaft. In: Bundesanzeiger , January 7, 2019, accessed in the company register on April 30, 2019.
  3. ↑ https://www.bwk.de/unternehmen/gesellschafter/ As of April 2019
  4. ↑ The hunger for capital of others. In: Handelsblatt. May 31, 2010.
  5. ↑ Mezzanine goes, financing gap comes. In: Börsen-Zeitung. June 12, 2010.
  6. ↑ FORMER - BWK Unternehmensbeteiligungsgesellschaft . In: BWK Unternehmensbeteiligungsgesellschaft . ( bwk.de [accessed April 30, 2019]).
  7. ↑ NEWS - BWK Unternehmensbeteiligungsgesellschaft . In: BWK Unternehmensbeteiligungsgesellschaft . ( bwk.de [accessed April 30, 2019]).
  8. ↑ SHAREHOLDERS - BWK Unternehmensbeteiligungsgesellschaft . In: BWK Unternehmensbeteiligungsgesellschaft . ( bwk.de [accessed April 30, 2019]).

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