{"id":44036,"date":"2017-12-01T05:05:32","date_gmt":"2017-12-01T03:05:32","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/greeting-2011\/"},"modified":"2017-12-01T05:05:32","modified_gmt":"2017-12-01T03:05:32","slug":"greeting-2011","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/greeting-2011\/","title":{"rendered":"Greeting 2011"},"content":{"rendered":"

Rainer Br\u00fcderle<\/strong> \u2014 Fede\u00adral Minis\u00adter of Econo\u00admics and Technology<\/p>\n","protected":false},"excerpt":{"rendered":"

The finan\u00adcial and econo\u00admic crisis has once again high\u00adligh\u00adted the importance of a solid equity base \u2014 and not just for SMEs. Compa\u00adnies with a good equity base are better equip\u00adped for diffi\u00adcult times.<\/p>\n

Equity capi\u00adtal has an important role to play in this context. Even in times of crisis, almost 1,200 compa\u00adnies were able to bene\u00adfit in this way in 2009 with around 2.4 billion euros will be finan\u00adced. In the mean\u00adtime, the private equity market is on the road to reco\u00advery; the latest results of the \u201cGerman Private Equity Baro\u00adme\u00adter\u201d confirm this.<\/p>\n

Howe\u00adver, the rest\u00adric\u00adtive lending poli\u00adcies of banks have signi\u00adfi\u00adcantly chan\u00adged the condi\u00adti\u00adons for equity capi\u00adtal. Finan\u00adcing with extreme credit leverage is a thing of the past; higher equity ratios are requi\u00adred and mino\u00adrity inte\u00adrests are now also an issue. This is a posi\u00adtive deve\u00adlo\u00adp\u00adment. High leverage ratios have gotten one company or another into trou\u00adble and have been heavily criti\u00adci\u00adzed in the \u201cgras\u00adshop\u00adper debate.\u201d<\/p>\n

Contrary to the wide\u00adspread public percep\u00adtion, which is mostly focu\u00adsed on the very large take\u00adover finan\u00adcings, equity capi\u00adtal plays a role prima\u00adrily for SMEs. Nine out of ten compa\u00adnies that raised equity capi\u00adtal in Germany in 2009 employ fewer than 200 people.<\/p>\n

The main provi\u00adders of equity capi\u00adtal for SMEs are the Mittel\u00adst\u00e4n\u00addi\u00adsche Betei\u00adli\u00adgungs\u00adge\u00adsell\u00adschaf\u00adten (SME invest\u00adment compa\u00adnies), which again made invest\u00adments worth 137 million in 2009 and are supported by coun\u00adter-guaran\u00adtees from the fede\u00adral and state governments.<\/p>\n","protected":false},"featured_media":40998,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2468,2506,2542],"product_tag":[1531,1793,1795,1801,1808],"class_list":{"0":"post-44036","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-free-of-charge-en","8":"product_cat-fyb-2011-en","9":"product_cat-rainer-bruederle-en","10":"product_tag-greeting","11":"product_tag-equity-capitalization","12":"product_tag-rainer-bruederle","13":"product_tag-equity-base","14":"product_tag-german-private-equity-barometers-en","15":"pa_sprache-english-3","16":"pa_sprache-german","18":"first","19":"instock","20":"taxable","21":"shipping-taxable","22":"purchasable","23":"product-type-variable"},"yoast_head":"\nGreeting 2011 - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/greeting-2011\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greeting 2011 - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"The financial and economic crisis has once again highlighted the importance of a solid equity base - and not just for SMEs. 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