Baden-Württemberg, Germany

MBG (Mittelständische Beteiligungsgesellschaft) Baden Württemberg, based in Stuttgart, and the Chancenkapitalfonds der Kreissparkasse Biberach GmbH, a 100% subsidiary of Kreisparkasse Biberach, are investing in RAACH SOLAR to support the company's further growth. The shareholders of MBG Stuttgart include Landesbank Baden-Württemberg.
Jürgen Raach, founder and owner of RAACH SOLAR, welcomes the fact that "the investment comes at exactly the right time, after rapid growth of +40% in the difficult corona year 2020 and a further +60% in 2021. This year we also expect an increase in turnover of at least +50%. This investment will enable us to acquire further major projects in the coming years and achieve sustainable double-digit growth. This will enable us to advance the global expansion of photovoltaics internationally and counteract climate change."
Chancenkapital Biberach is a fair and reliable partner for start-up, growth and established companies. Equity capital is essential for companies, particularly in the area of start-ups and growth. As a subsidiary of Kreissparkasse Biberach, it has been on the market for more than 20 years and is now one of the largest savings bank investment companies. It currently supports over 180 companies and works with them to write success stories.
Kreissparkasse Biberach, with total assets of 6.2 billion euros, is one of the leading savings banks in Baden-Württemberg.
MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg GmbH is one of the largest providers of equity capital in Germany. It invests in the public interest and is a partner to SMEs. It currently provides around 220 million euros in equity capital to around 800 small and medium-sized enterprises in Baden-Württemberg. MBG supports growth and innovation projects, company successions and start-ups primarily with mezzanine capital in the form of silent partnerships.

Image sources: MBG, Baden-Württemberg coat of arms