Andreas and Peiffer

Managing directors Thorsten Peiffer and Martin Andreas jointly oversee investment decisions, consistent with the firm's lean structure. Both are known for direct involvement in portfolio company operations, often stepping into interim management roles during the early phases of a turnaround. The firm does not publicly disclose a separate investment committee beyond its managing directors.

The firm targets mature small-to-medium enterprises, often at a point of distress or transition. This includes management buyouts for succession-driven sales, corporate carve-outs from larger groups, and turnaround situations where liquidity or operational performance has deteriorated. It generally avoids pure startups and venture-stage companies.

Deal flow is primarily relationship-driven, sourced through long-standing networks in the German Mittelstand, insolvency administrators, and local banking partners. The firm's reputation for executing complex restructurings gives it early access to off-market opportunities that require operational intervention rather than simply capital, a sourcing advantage in the fragmented DACH-region lower middle market.

The firm operates as a private equity investor deploying capital on a deal-by-deal basis, though precise fund structures are not publicly disclosed. Given its lower-mid-market focus and operational model, it likely raises capital through special-purpose vehicles or committed discretionary capital rather than a single blind-pool fund. It is not a permanent holding company in the style of a family-backed investment office.

The firm does not publish a formal exclusion list, but its demonstrated focus on industrial technology, enterprise software, and healthcare services suggests limited appetite for sectors requiring heavy consumer branding, regulatory-intensive biotechnology, or speculative early-stage business models. Turnaround mandates in construction and heavy manufacturing have historically been within scope.