Private Equity

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Sanemus

SANEMUS investiert in Unternehmens- und Vermögensbeteiligungen im Gesundheitsmarkt und bietet Strategic, Financial-, und Merger&Acquisition-Advisory an.

Sanemus logo

Sanemus

SANEMUS investiert in Unternehmens- und Vermögensbeteiligungen im Gesundheitsmarkt und bietet Strategic, Financial-, und Merger&Acquisition-Advisory an.

General information

Firm type

Private Equity

Year founded

2006

AUM

Undisclosed

Location

Region

Europe

Country

Germany

City

Munich

Corporate office

Munich, Germany

Principals

Michael Thiess

Partner and Board Member

Sonja Hager

Member of Management

Sector focus

PharmaceuticalsBiotechMedical DevicesDiagnosticsDigital Health

Frequently asked questions

What does Sanemus actually own?

The firm website lists three active portfolio companies. ProPharm AG is a cooperative network of 75 independent German pharmacies that bundles purchasing, marketing, and mail-order services. Aureleon Diagnostics GmbH is developing multiplex diagnostic tests for cardiac and oncology applications. 52masterworks GmbH runs a crowd-investing marketplace for contemporary fine art.

Who makes investment decisions at Sanemus?

Michael Thiess leads the investment process in his role as partner and board member. Sonja Hager, a Certified Private Equity Analyst, joined the management board in December 2023 and supports decision-making as the senior investment professional. The three-member supervisory board offers additional governance.

Does Sanemus operate like a traditional venture firm?

No. The company identifies as a private equity firm but does not raise funds from external limited partners. It invests its own balance-sheet capital alongside its advisory business, which generates outside fee revenue from strategic and M&A consulting, blurring the line between a fund manager and a corporate-finance boutique.

What investment stages does Sanemus target?

Altss research tags the firm as active across early-stage start-up, expansion, and growth phases. The portfolio reflects this range: ProPharm was a late-stage service-platform investment, while aureleon diagnostics represents a clinical-stage life-science play.

Which healthcare sub-sectors does Sanemus focus on?

The firm explicitly names pharmaceuticals, biotechnology, medical technology, diagnostics, and e-health. Its pharmaceutical investments center on distribution and margin improvement rather than drug discovery, while the diagnostics exposure targets algorithmic multiplex biomarker analysis.

Does Sanemus participate in fund commitments or only direct deals?

All known investments are direct equity stakes in German operating companies. There is no evidence the firm commits to external private equity or venture funds.

How is the advisory business separated from the investment portfolio?

Both sit inside Sanemus AG. The firm publicly states it offers strategic, financial, and M&A advisory to third parties while managing its own direct investments. Fee income from advisory mandates replenishes the investment pool organically, which means the firm can deploy capital without marketing to external LPs.

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