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Private Equity 2019/2020 EQUITY GUIDE Der Beteiligungsmarkt im deutschsprachigen Raum . Private Equity . Mergers & Acquisitions . Venture Capital Sponsoring-Partner 2 Impressum Equity Guide 2019/2020 9. Ausgabe / Erscheinungstermin Januar 2020 Herausgeber: MAJUNKE Consulting Dipl. Wirt.-Ing. Sven Majunke Lilienstrasse 21a D - 76571 Gaggenau Tel.: 07225-987129 Internet: http://www.deal-advisors.com E-Mail: [email protected] Haftung und Hinweise: Den Kommentaren, Grafiken und Tabellen liegen Quellen zugrunde, welche die Redaktion für verlässlich hält. Eine Garantie für die Richtigkeit der Angaben kann allerdings nicht übernommen werden. Die in diesem Jahrbuch enthaltenen Angaben dienen ausschliesslich Informationszwecken. Sie sind nicht als Angebote oder Empfehlungen bestimmter Anlageprodukte zu verstehen. Dies gilt auch dann, wenn einzelne Emittenten oder Wertpapiere genannt werden. Nachdruck: © MAJUNKE Consulting, Gaggenau. Alle Rechte, insbesondere das der Übersetzung in fremde Sprachen, vorbehalten. Ohne schriftliche Genehmigung von MAJUNKE Consulting ist es nicht gestattet, diese Studie oder Teile daraus auf photomechanischem Wege (Photokopie, Mikrokopie) zu vervielfältigen. Unter dieses Verbot fallen auch die Aufnahme in elektronische Datenbanken, Internet und die Vervielfältigung auf CD-ROM. Der Herausgeber macht darauf aufmerksam, dass die im vorliegenden Buch genannten Namen, Marken und Produktbezeichnungen in der Regel namens- und markenrechtlichem Schutz unterliegen. Trotz größter Sorgfalt bei der Veröffentlichung können Fehler im Text nicht ausgeschlossen werden. Der Herausgeber übernimmt deshalb für fehlerhafte Angaben und deren Folge keine Haftung. Wir bitten Unternehmen und Personen, die sich als zu Unrecht berücksicht sehen oder deren Profildarstellung Unstimmigkeiten aufweist, den Verlag entsprechend zu benachrichtigen. 3 Inhaltsverzeichnis Inhaltsverzeichnis Inhaltsverzeichnis ......................................................................................... 4 Einleitung ................................................................................................... 10 Kapitel 1: Studien, Fachbeiträge .................................................................. 11 Alternative Finanzierungsformen zur Stärkung der Eigenkapitalbasis ............................................... 12 Mit Startups kooperieren – attraktive Partner für den Mittelstand .................................................. 16 Job- und Wachstumsmotor Private Equity ........................................................................................ 19 Erneuerbare Energien: Bedarf an professionellen M&A Prozessen steigt.......................................... 22 Studie zu impliziten Marktrisikoprämien und Marktrenditen ........................................................... 27 Nachhaltigkeit – The next big challenge for Investors ....................................................................... 31 Unternehmenstransaktionen alternativ finanziert ........................................................................... 35 Tech-M&A in 2019: Verschiebungen im Deal-Mix, hohe Volumina und noch höhere Bewertungen .. 38 Effizientes Informationsmanagement als Grundlage für Entscheidungen ......................................... 41 Die Besonderheiten der Unternehmer-Ehe....................................................................................... 43 Unternehmensverkauf ist Vertrauenssache...................................................................................... 45 Kapitel 2: Marktteilnehmer ......................................................................... 47 Innovative Mittelstandsfinanzierer ............................................................. 48 BRIGHT CAPITAL Investment Management GmbH ............................................................................ 49 Maturus Finance GmbH ............................................................................................................ 50 Nord Leasing GmbH ......................................................................................................................... 51 Verwahrstelle für Private Equity & Venture Capital Fonds ........................... 52 BNP Paribas Securities Services S.C.A. .............................................................................................. 53 Deal Sourcing für Private Equity Investoren ................................................. 54 WINTERBERG PARTNERS AG ............................................................................................................ 55 4 Inhaltsverzeichnis Unternehmensbörsen ................................................................................. 56 Change 2 Future GmbH .................................................................................................................... 57 Investoren .................................................................................................. 58 AEM Unternehmerkapital GmbH ...................................................................................................... 59 Aheim Capital GmbH ........................................................................................................................ 60 ALLISTRO GmbH ............................................................................................................................... 61 Arcaris Management GmbH ............................................................................................................. 62 ARCUS Capital AG ............................................................................................................................ 63 AURELIUS Gruppe ........................................................................................................................... 64 Avedon Capital Partners ................................................................................................................... 65 AXXERON Technologies GmbH ......................................................................................................... 66 Beyond Capital Partners GmbH ........................................................................................................ 67 BID Equity GmbH ............................................................................................................................. 68 Bregal Unternehmerkapital GmbH ................................................................................................... 69 Bridgepoint GmbH ........................................................................................................................... 70 BWK GmbH Unternehmensbeteiligungsgesellschaft ......................................................................... 71 DMB Deutsche Mittelstand Beteiligungen GmbH ............................................................................. 72 DPE Deutsche Private Equity ............................................................................................................ 73 DRS Investment GmbH ..................................................................................................................... 74 eCAPITAL entrepreneurial Partners AG ............................................................................................ 75 EMERAM Capital Partners GmbH ..................................................................................................... 76 Equistone Partners GmbH ................................................................................................................ 77 EX.TRA Management GmbH ............................................................................................................. 78 Family Trust Investor FTI GmbH ....................................................................................................... 79 FIDURA Private Equity Fonds ............................................................................................................ 80 Fraunhofer Venture ......................................................................................................................... 81 Gimv ................................................................................................................................................ 82 Halder Beteiligungsberatung GmbH ................................................................................................. 83 HeidelbergCapital Asset Management GmbH ................................................................................... 84 High-Tech Gründerfonds Management GmbH .................................................................................. 85 Hurth MT SE ..................................................................................................................................... 86 INDUC GmbH ................................................................................................................................... 87 Brandenburg Kapital GmbH.............................................................................................................. 88 5 Inhaltsverzeichnis Invision AG ....................................................................................................................................... 89 LEA Partners GmbH .......................................................................................................................... 90 Lennertz & Co. GmbH ....................................................................................................................... 91 Nordwind
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