ALTERNATIVE FINANCING FORMS
FOR ENTREPRENEURS AND INVESTORS
3 questions to smart minds

Bankhaus Lampe establishes investment company for SMEs

For this 3 questions to V. Antunes

Lampe Privat­in­vest Management
Photo: V. Antu­nes | Lampe Privat­in­vest Management
27. March 2013

The finan­cing needs of German SMEs remain a hot topic. It is a novelty that during this period a banking house has become active in the field of alter­na­tive finan­cing and has set up an invest­ment company. — Bank­haus Lampe has estab­lished a new invest­ment company. In the future, Lampe Privat­in­vest Manage­ment GmbH will invest in medium-sized compa­nies with capi­tal requi­re­ments of EUR three to seven million.


For this 3 ques­ti­ons to Mana­ging Direc­tor of Lampe Privat­in­vest Manage­ment GmbH in Hamburg

1. How did Bank­haus Lampe come to set up an invest­ment company for SMEs?

We see a clear market need for equity capi­tal in the targe­ted range of 3 to 7 million euros. In the current envi­ron­ment, medium-sized compa­nies are incre­asingly looking for new ways to streng­then their equity cushion. We see a parti­cu­lar need in small and medium-sized enter­pri­ses. The rather cautious finan­cing policy of many banks as a result of the finan­cial crisis is incre­asingly forcing medium-sized compa­nies to look for new ways to streng­then their equity. For this reason, we foun­ded the Lampe Privat­in­vest invest­ment company for medium-sized compa­nies. Bank­haus Lampe has a long history as an entre­pre­neu­rial part­ner to the Mittel­stand, and the team at Lampe Privat­in­vest also has many years of experience. Expe­ri­ence in struc­tu­ring and finan­cing invest­ments. The new invest­ment company also bene­fits from the profound know­ledge and from this long-stan­ding expertise.

2. Who are the inves­tors and finan­ciers of the company? What is the volume behind it? What returns are expected?

We have firm capi­tal commit­ments in the mid double-digit milli­ons from a good dozen inves­tors, all of whom are entre­pre­neu­rial. The inves­tor base consists exclu­si­vely of private inves­tors who them­sel­ves have an entre­pre­neu­rial back­ground. These are entre­pre­neurs from all over Germany and with very diffe­rent indus­try back­grounds. The focus is on mino­rity share­hol­dings with capi­tal requi­re­ments of between three and seven million euros. Up to now, rela­tively little orga­ni­zed equity has been made available in Germany on the scale envi­sa­ged, because tradi­tio­nal finan­cial inves­tors are often not in a posi­tion to offer equity invest­ments on this scale due to their fund volu­mes. That is why Lampe Privat­in­vest does not work with a usual fund struc­ture, but with a profes­sio­nally orga­ni­zed commu­nity of selec­ted private investors

3. Are further equity funds or alter­na­tive finan­cing concepts such as mezza­nine funds to be expec­ted from Bank­haus Lampe?

Lampe Privat­in­vest focu­ses on suita­ble invest­ments, but in due course an expan­sion of the inves­tor base is not excluded. In addi­tion, Bank­haus Lampe plans to signi­fi­cantly expand its alter­na­tive invest­ments busi­ness in the near future. This also includes mezza­nine funds, on the one hand to offer compa­nies a broa­der variety of finan­cing solu­ti­ons and, on the other, to open up attrac­tive invest­ment oppor­tu­ni­ties in the German SME sector for insti­tu­tio­nal inves­tors in the current low-inte­rest environment.

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