{"id":44041,"date":"2017-12-01T03:02:32","date_gmt":"2017-12-01T01:02:32","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/greeting-2012\/"},"modified":"2017-12-01T03:02:32","modified_gmt":"2017-12-01T01:02:32","slug":"greeting-2","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/greeting-2\/","title":{"rendered":"Greeting 2012"},"content":{"rendered":"

Dr. Phil\u00adipp R\u00f6sler<\/strong> \u2014 Fede\u00adral Minis\u00adter of Econo\u00admics and Technology<\/p>\n","protected":false},"excerpt":{"rendered":"

In the last two years, the German economy has shown what strength it has. All the signs are that the upswing will conti\u00adnue, albeit at a quie\u00adter pace of expan\u00adsion. The econo\u00admic reco\u00advery has also led to a signi\u00adfi\u00adcant upturn in the private equity market. Accor\u00adding to the German Private Equity and Venture Capi\u00adtal Asso\u00adcia\u00adtion (BVK), invest\u00adments in the private equity market in 2010 were almost 60% higher than in the previous year at \u20ac 4.4 billion. This deve\u00adlo\u00adp\u00adment is encou\u00adra\u00adging. Howe\u00adver, it also shar\u00adpens the respon\u00adsi\u00adbi\u00adlity of all invol\u00adved to avoid new exag\u00adge\u00adra\u00adti\u00adons and to main\u00adtain the right sense of proportion.<\/p>\n

As in previous years, majo\u00adrity share\u00adhol\u00addings accoun\u00adted for the lion\u2019s share of invest\u00adments, which tota\u00adled \u20ac2.52 billion. Howe\u00adver, private equity is also beco\u00adming incre\u00adasingly important for mino\u00adrity share\u00adhol\u00addings and the finan\u00adcing of small and medium-sized enter\u00adpri\u00adses. Although many SMEs have succee\u00added in incre\u00adasing their equity ratio despite the finan\u00adcial crisis, there is still a high demand for equity-rela\u00adted forms of finan\u00adcing. In parti\u00adcu\u00adlar, many compa\u00adnies will not be able to repay the follow-up finan\u00adcing for the stan\u00addard mezza\u00adnine programs secu\u00adri\u00adti\u00adzed on the capi\u00adtal market from their own funds or with the help of their prin\u00adci\u00adpal bank. Here, private equity offers an important finan\u00adcing alternative.<\/p>\n

Despite an over\u00adall revi\u00adval in the market for growth and acqui\u00adsi\u00adtion finan\u00adcing, early-stage finan\u00adcing remains at a low level. The finan\u00adcial and econo\u00admic crisis has even exacer\u00adba\u00adted the lack of capi\u00adtal in the venture capi\u00adtal segment. The German govern\u00adment has alre\u00adady taken coun\u00adter\u00adme\u00ada\u00adsu\u00adres and expan\u00added its funding instru\u00adments. Within a short period of time, we have increased funding for the ERP Start-up Fund to more than \u20ac700 million.<\/p>\n","protected":false},"featured_media":41004,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2468,2509,2545],"product_tag":[1791,1797,1800,1806,1811,1816],"class_list":{"0":"post-44041","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-2012-2","9":"product_cat-dr-philipp-roesler-en","10":"product_tag-roesler-en","11":"product_tag-philipp-en","12":"product_tag-minority-interests","13":"product_tag-upswing","14":"product_tag-expansion-rate","15":"product_tag-majority-shareholdings","16":"pa_sprache-english-3","17":"pa_sprache-german","19":"first","20":"instock","21":"taxable","22":"shipping-taxable","23":"purchasable","24":"product-type-variable"},"yoast_head":"\nGreeting 2012 - 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-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greeting 2012 - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"In the last two years, the German economy has shown what strength it has. All the signs are that the upswing will continue, albeit at a quieter pace of expansion. The economic recovery has also led to a significant upturn in the private equity market. According to the German Private Equity and Venture Capital Association (BVK), investments in the private equity market in 2010 were almost 60% higher than in the previous year at \u20ac 4.4 billion. This development is encouraging. However, it also sharpens the responsibility of all involved to avoid new exaggerations and to maintain the right sense of proportion. As in previous years, majority shareholdings accounted for the lion's share of investments, which totaled \u20ac2.52 billion. However, private equity is also becoming increasingly important for minority shareholdings and the financing of small and medium-sized enterprises. Although many SMEs have succeeded in increasing their equity ratio despite the financial crisis, there is still a high demand for equity-related forms of financing. In particular, many companies will not be able to repay the follow-up financing for the standard mezzanine programs securitized on the capital market from their own funds or with the help of their principal bank. Here, private equity offers an important financing alternative. Despite an overall revival in the market for growth and acquisition financing, early-stage financing remains at a low level. The financial and economic crisis has even exacerbated the lack of capital in the venture capital segment. The German government has already taken countermeasures and expanded its funding instruments. Within a short period of time, we have increased funding for the ERP Start-up Fund to more than \u20ac700 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fyb.de\/en\/produkt\/greeting-2\/\" \/>\n<meta property=\"og:site_name\" content=\"FYB Financial Yearbook\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Roesler.png\" \/>\n\t<meta property=\"og:image:width\" content=\"334\" \/>\n\t<meta property=\"og:image:height\" content=\"298\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/greeting-2\/\",\"url\":\"https:\/\/www.fyb.de\/en\/produkt\/greeting-2\/\",\"name\":\"Greeting 2012 - FYB Financial Yearbook\",\"isPartOf\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/greeting-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/greeting-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Roesler.png\",\"datePublished\":\"2017-12-01T01:02:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/greeting-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fyb.de\/en\/produkt\/greeting-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/greeting-2\/#primaryimage\",\"url\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Roesler.png\",\"contentUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Roesler.png\",\"width\":334,\"height\":298},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/greeting-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fyb.de\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FYB Shop\",\"item\":\"https:\/\/www.fyb.de\/en\/shop\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Greeting 2012\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fyb.de\/en\/#website\",\"url\":\"https:\/\/www.fyb.de\/en\/\",\"name\":\"FYB Financial Yearbook\",\"description\":\"For Your Business\",\"publisher\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fyb.de\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fyb.de\/en\/#organization\",\"name\":\"FYB Financial Yearbook\",\"url\":\"https:\/\/www.fyb.de\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fyb.de\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2020\/06\/logo.svg\",\"contentUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2020\/06\/logo.svg\",\"caption\":\"FYB Financial Yearbook\"},\"image\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Greeting 2012 - FYB Financial Yearbook","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fyb.de\/en\/produkt\/greeting-2\/","og_locale":"en_US","og_type":"article","og_title":"Greeting 2012 - FYB Financial Yearbook","og_description":"In the last two years, the German economy has shown what strength it has. 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