Joachim Hug

BayBG Bayerische Beteiligungsgesellschaft mbH (BayBG) is a regional private equity firm established in 1972 and headquartered in Munich, Germany. The firm invests public funds on behalf of the State of Bavaria.

CFH Beteiligungsgesellschaft mbH (CFH) is the investment arm and a wholly-owned subsidiary Landesbank Baden-Württemberg. CFH was founded in 1996 and is headquartered in Leipzig on the eastern side of Germany. CFH manages private equity funds including regional funds focused on Saxony and venture capital funds. They also manage a portfolio of direct participations and a private equity fund of fund. In addition to their parent Sachsen Landesbank and the Government of Land Sachsen, their investors include large regional savings banks and European entities.

LBBW Venture Capital GmbH (LBBW-VC) is part of the private equity arm and a wholly-owned subsidiary of LBBW-Landesbank Baden-Württemberg, a government-controlled regional bank based in southwestern Germany. Significant minority shareholders in LBBW include regional financial institutions and local government entities. LBBW-VC was established in 2000 and is headquartered in Stuttgart. The firm specializes in venture capital investing.

Süd KB Unternehmensbeteiligungs GmbH (Süd KB) is part of the private equity arm of Süd Beteiligungen GmbH, a wholly-owned subsidiary of LBBW-Landesbank Baden-Württermberg, a government-controlled regional bank based in southwestern Germany with head offices in Stuttgart, Karlsruhe and Mannheim. LBBW has a strong presence among small and medium-sized German companies. Established in 2000, Süd KB is based in Stuttgart.