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Perpetua Holding
Perpetua Holding was founded in Berlin to serve as a permanent capital partner for profitable, established companies across Europe, with a concentration...
Perpetua Holding
Perpetua Holding was founded in Berlin to serve as a permanent capital partner for profitable, established companies across Europe, with a concentration in German-speaking markets. The firm is led by Geschäftsführer Dr. Gerrit Karalus, who positions Perpetua as an alternative for business owners seeking a professional shareholder with a genuinely long-term horizon. Unlike most financial sponsors, which operate on defined exit timelines, Perpetua structures its investments without a predetermined holding period — a model designed to attract entrepreneurs, family businesses, and corporate sellers who prioritize continuity over a near-term liquidity event. The firm targets majority and significant minority stakes in companies with revenue exceeding €25 million, committing €10–50 million per transaction, and can pursue smaller add-on acquisitions for existing portfolio companies. Perpetua's investment scope spans buyouts, succession-driven transfers, corporate carve-outs, growth financings, and partial divestitures. Its disclosed portfolio includes a German nursing home group (82.5% stake, acquired 2021, expanded 2023 and 2024) with approximately €120 million in revenue; a developer of industrial control and drive solutions (90% stake, revenue above €30 million); a customer contact center business (65% stake, roughly €30 million in revenue) operating in Germany, Austria, Switzerland, and Turkey; a full-service solar energy provider (60% stake, revenue exceeding €150 million) with activities across Europe, Africa, and Asia; and minority positions in a UK-based superfood beverage maker and a UK-based organic fair-trade chocolate producer. Geographically, the portfolio reflects a headquarters concentration in Germany and the UK, with operational footprints extending into continental Europe, Asia, Africa, and the United States. Perpetua commits between €50 million and €100 million in fresh capital each year, sourced from international investors who bring their own multi-generational entrepreneurial backgrounds. The firm’s most recent disclosed acquisitions came in 2024, when it added further nursing home sites to its existing platform and acquired MENetatis. The firm maintains a lean public presence, communicating primarily through transaction press releases and a single-page website that functions as a clear statement of investment criteria. Perpetua's structural differentiator lies in its express rejection of the standard private equity exit clock. By raising capital from families and investors who share an intergenerational outlook, the firm can hold assets indefinitely — offering a genuine alternative to both short-horizon financial sponsors and strategic buyers seeking immediate integration. This indefinite-hold architecture makes succession planning, growth capital, and corporate carve-outs viable paths that do not force founders to choose between a rushed sale and remaining undercapitalized.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
Berlin
Corporate office
Berlin, Germany
Principals
Dr. Gerrit Karalus
Geschäftsführer
Sector focus
Frequently asked questions
What is Perpetua Holding's investment horizon?
Perpetua explicitly structures its investments without a predetermined exit timeline. The firm was founded to provide permanent equity, distinguishing itself from traditional private equity funds that typically target three-to-five-year holds. This indefinite-horizon model is designed to support long-term growth strategies, succession transitions, and corporate carve-outs where a forced liquidity event would be counterproductive.
What types of transactions does Perpetua pursue?
Perpetua invests across buyouts, succession-driven acquisitions, growth financings, corporate spin-offs, and partial divestitures. The firm acquires both majority and significant minority stakes, with equity tickets ranging from €10 million to €50 million per platform investment, and it can deploy smaller amounts for add-on acquisitions that complement existing portfolio companies.
Who backs Perpetua Holding?
Perpetua invests capital from international investors who themselves have multi-generational entrepreneurial backgrounds. The firm does not publicly name its limited partners, but its website describes the investor base as aligned with the indefinite-hold structure—families and individuals who understand long-term business building rather than fund-cycle dynamics.
Where does Perpetua invest geographically?
Perpetua focuses on companies headquartered in Europe, with an emphasis on the German-speaking region. Its portfolio businesses operate globally, with disclosed operational footprints spanning continental Europe, the United Kingdom, Turkey, Asia, Africa, and the United States.
Is Perpetua a single-family office or a traditional private equity firm?
Perpetua Holding is a private equity firm, not a single-family office. However, its permanent-capital structure and indefinite hold periods give it an operational posture closer to a family-backed holding company than a conventional closed-end fund. It raises capital from multiple external investors, not a single family balance sheet.
What size companies does Perpetua target?
Perpetua seeks established, profitable companies with revenue exceeding €25 million. Its equity investments range from €10 million to €50 million per platform deal, which typically corresponds to significant minority or majority positions in founder-owned, family-held, or corporate- carve-out situations.
Does Perpetua participate in fund commitments or only direct deals?
Perpetua Holding invests directly into operating companies and does not operate as a fund-of-funds or allocate to third-party private equity funds. Its disclosed activity consists entirely of direct equity investments in privately held businesses across Europe.
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