S-Kap Unternehmensbeteiligungs

About S-Kap Unternehmensbeteiligungs

S-Kap Unternehmensbeteiligungs, formally S-Kap Unternehmensbeteiligungs GmbH and Co. KG operating under the brand S-Kap alongside its sister vehicle S-Kap Kapitalbeteiligungs GmbH and Co. KG, is a regional private equity company founded in 2001 and headquartered in Pforzheim, Germany. It is a subsidiary of Sparkasse Pforzheim Calw but operates as a genuine long-standing regional private equity company across multiple closed-end partnership vehicles, ranking among the largest investment companies in Baden-Wurttemberg. The firm holds approximately 87 stakes in around 58 companies with an invested volume of roughly €54 million. Precise December 2024 assets under management are not separately disclosed. Since 2001 S-Kap has backed more than 120 companies.

Investment thesis

S-Kap supplies equity and equity-like capital to Mittelstand companies in the North Black Forest region and surrounding Baden-Wurttemberg. It chiefly finances expansion and growth strategies, investing either as an open direct partner or as a silent partner. Sector focus is broadly diversified across regional Mittelstand industry and services. Target ticket sizes range from €100,000 to €3 million, with co-investment on larger deals alongside partners such as the Mittelstandische Beteiligungsgesellschaft Baden-Wurttemberg. The investor base is anchored in the Sparkassen-Finanzgruppe through parent Sparkasse Pforzheim Calw. The value-creation lever is patient regional growth capital plus advisory support, with portfolio companies together generating around €2.5 billion in revenue and employing roughly 10,000 people.

Recent activity

The firm currently holds 87 stakes across 58 Mittelstand companies spanning regional industry and services. Recent exits include Parsionate in technology and data-consulting services (2024). The platform continues to deploy equity and silent-partnership capital across the North Black Forest and Baden-Wurttemberg Mittelstand, financing expansion and growth strategies for regional small and medium-sized enterprises. Detailed buyer names and multiple data available on Pro at €29/month.