Updated:
Perusa
Perusa is a private equity firm that invests in management buyouts, growth capital, and other special situations for SMEs.
Perusa
Perusa is a private equity firm that invests in management buyouts, growth capital, and other special situations for SMEs. The firm focuses on lower mid-market and middle market investments, including industry consolidation and recapitalizations. Perusa has made 2 investments and 6 portfolio exits, with its latest exit being Schroth Safety Products on July 14, 2022.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
Munich
Corporate office
Munich, Germany
Principals
Dr. Christian Hollenberg
Gründungspartner
Dr. Hanno Schmidt-Gothan
Gründungspartner
Dr. Stephan Beller
Partner
Karl Mutter
Investment Director
Sector focus
Frequently asked questions
Who runs investment decisions at Perusa?
The two founding partners, Dr. Christian Hollenberg and Dr. Hanno Schmidt-Gothan, lead the firm alongside Partner Dr. Stephan Beller and Investment Director Karl Mutter. Hollenberg and Schmidt-Gothan set the strategic direction and are directly involved in sourcing and managing portfolio companies. The team operates from a single Munich office with no other investment committee disclosed.
How does Perusa source proprietary deal flow?
Perusa derives deal flow from its specialization in transformation situations — corporate carve-outs, succession-driven sales, and restructurings — in the DACH region and Scandinavia. The founders' deep operational and consulting networks, including Hollenberg's background at Orlando Management and J.P. Morgan, connect the firm to off-market, complex deals where a standard private equity auction is often bypassed.
Does Perusa run a single buyout fund or multiple vehicles?
Perusa advises a fund structure with 14-year terms, meaning it does not chase rapid exits. While the firm's website points to a fund website (perusafund.gg) for current portfolio detail, the exact number of funds and their vintage years are not publicly disclosed.
What investment stages and transaction types does Perusa typically target?
Perusa targets mid-market companies already in operation that are experiencing a transition. Documented transaction types include buyouts, corporate carve-outs, succession-driven acquisitions, restructurings, recapitalizations, and spin-offs. It does not invest in early-stage venture or seed rounds.
Which sectors does Perusa explicitly avoid?
Perusa states it invests across all industries and has not published any list of excluded sectors. However, its disclosed portfolio — precision electromagnetic components, aviation restraints, HVAC fastening systems, IT services, and real estate partial-sale companies — suggests a strong bias toward industrials and manufacturing, with no visible exposure to pure-play software, consumer internet, or life sciences.
What is Perusa's known posture on co-investments?
The firm co-invests alongside other parties. When Loar Group acquired Schroth in July 2022, the announcement explicitly stated it purchased the company 'from Perusa and Co-Investoren' — confirming co-investors existed in that capital structure. The current co-investment policy or partner list is not publicly detailed.
Does Perusa have a permanent capital or evergreen structure?
No. Perusa's fund structure is explicitly finite, with a disclosed 14-year term length. This is roughly 40% longer than the standard 10-year private equity fund, allowing for extended operational turnarounds, but the firm is not an evergreen or permanent-capital vehicle.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on asset managers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: