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I agreeAfinum has been founded in 2000. Large parts of the team knew each other well before that. The foundation of our success is the quality of our team.
The partnership-based approach has been our most valuable asset for over 20 years – making us one of the leading mid-cap investment firms in the German-speaking region today.
Before joining Afinum, Manuel Arnet has worked as a Management Consultant for Bain & Company in the Private Equity practice.
Mr. Arnet holds a B.A. in Economics and Business Administration from the University of Zurich (UZH) as well as a M.A. in Accounting and Finance from the University of St. Gallen (HSG).
Mr. Arnet started his career in Private Equity in 2021.
Before joining Afinum, Sabine Arnold worked as an assistant of the management board and acted in the field of sales strategy management at various subsidiaries of HypoVereinsbank. Prior to that, she managed as a deputy head a branch at Deutsche Bank AG for many years.
Sabine Arnold completed extra-occupational studies of banking operations at the Frankfurt School of Finance.
Before Anton Bergmann started as CFO at Afinum, he worked for KPMG Capital Markets Advisory Group as a consultant where he mainly worked on IPOs and M&A projects.
Besides his extensive professional services experience in Germany, Mr Bergmann was also working in the capital markets environment in Melbourne (AUS) and, most recently, for three years in New York (USA). In New York he was also working for PwC’s M&A Diligence practice.
His professional career Anton Bergmann started at KPMG Audit where he was also responsible for auditing (group) financial statements. Mr Bergmann studied Business Administration at Georg-Simon-Ohm University in Nuremberg.
Anton Bergmann is a Certified Auditor & Certified Tax Consultant.
Before joining Afinum, Viktoria Busley worked for Bain & Company in Munich as Manager with focus on Private Equity. Before that, she worked for Morgan Stanley in Frankfurt and London and for Stylight in Munich.
Viktoria Kastel holds a Bachelor in Business Administration from Ludwig-Maximilians-University Munich and a Master in Management from University of Mannheim.
Mrs. Busley started her career in Private Equity in 2021.
Before founding Afinum, Dr. Thomas Bühler worked for IMM Industrie Management München GmbH and, after its takeover, as a member of the board of TA Triumph-Adler AG responsible for the group’s investment activities. Before that, Dr. Bühler worked as a strategy consultant with Bain & Company in Munich and London (GB).
Dr. Thomas Bühler holds a diploma and a PhD in Business Administration from the University of Erlangen-Nuremberg.
Dr. Bühler started his private equity career in 1989.
Managing Director and Founder of Afinum Management GmbH
Managing Director of the various Afinum funds
Prior to Afinum, Kerstin Diebenbusch was a personnel consultant with a focus on private equity at TALENTspy. Previously, she gained extensive HR experience at a Munich-based investment company and at Unilever Germany, where she held various HR roles following a trainee program.
Mrs. Diebenbusch studied economics at the University of Stuttgart-Hohenheim and the RUCA Antwerp and graduated with a degree in economics.
Before founding Afinum, Dr. Gernot Eisinger managed the investment business of TA Triumph-Adler AG and worked as a strategy consultant with Bain & Company in Munich. He started his career at BASF AG, Ludwigshafen.
Dr. Eisinger holds a diploma and PhD in Business Administration and Economics from the University of Economics in Vienna (AT) and later earned a MBA from INSEAD in Fontainebleau (FR), where he is still active as EIR (Entrepreneur In Residence) and adjunct Professor.
His private equity career Dr. Gernot Eisinger started in 1995.
Managing Director and Founder of Afinum Management GmbH
Managing Director of the various Afinum funds
Before joining Afinum, Karsten Fischer worked for Rantum Capital in Frankfurt, where focused on investments across the capital structure in equity and credit.
Mr. Fischer studied Business Administration in St. Gallen (CH) and Cambridge (US). Additionally, he holds an MBA from INSEAD in Singapore (SG) and Fontainebleau (FR).
Mr. Fischer started his career in Private Equity in 2017.
Before joining Afinum, Maximilian Fleck worked for LeadX Capital Partners, a Venture Capital and Growth Capital Fund in Munich.
He has a bachelor's degree in Business Administration from the Munich Business School. Furthermore he has a Master in Management with honors from the ESCP Europe in Berlin and Paris (FR).
Maximilian Fleck started his private career in 2012.
Before joining Afinum, Mischa worked in Investment Banking at Credit Suisse in Frankfurt, where he focused on M&A projects and capital market transactions. Prior to that he gathered experience at international firms in Venture Capital, Investment Banking and Private Equity in San Francisco, London and Zurich, respectively.
Mischa Graf studied Business Administration at the University of St. Gallen (HSG) and the University of Pennsylvania (Wharton).
Mr. Graf started his career in Private Equity in 2022.
Before joining Afinum, Frederick Held worked for a mid-cap private equity fund focusing on sustainable investments. Prior to that he gained relevant experience through various internships in M&A and private equity.
Frederick holds a bachelor's degree in business administration from the University of Cologne as well as a master's degree in finance from the Nova School of Business and Economics in Lisbon.
Before Dr. Jochen Klemmer joined Afinum, he worked for the management consultancy of the professors Picot and Reichwald and then at TA Triumph-Adler AG in the investment management department.
Dr. Klemmer holds a diploma in Business Administration and PhD from the University of Munich.
His private equity career Dr. Jochen Klemmer startet in 1997.
Before joining Afinum, Moritz Kunkel worked as a consultant at Roland Berger and advised clients on transformation, performance improvement as well as due diligence projects in a variety of industries. Moritz Kunkel holds a bachelor’s degree in Business Administration from the University of Cologne and a master’s degree in International Finance from HEC Paris.
Before joining Afinum, Doris Liedtke managed both familiy-owned physiotherapy offices for many years. Prior to that, she worked at the accounting and controlling department of Roland Berger in Munich.
Doris Liedtke completed education as Bachelor in Trade and Commerce (IHK).
Before joining Afinum, Marton Lotz worked for Rothschild & Co in Frankfurt in the Global Advisory division. There he focused on M&A, corporate finance and restructuring projects.
Before that,he gained experience in Investment Banking, Private Equity and Financial Services.
Marton Lotz holds a Bachelor’s degree in Business Administration and Economics from the University of Passau and University College Cork as well as a Master’s degree in Finance from the Goethe University Frankfurt.
Mr. Lotz started his career in Private Equity in 2022.
Prior to Afinum, Jochen Martin was a Partner at EQT Partners, and later at MCH Management Capital Holding AG in Munich. Before this, he was a member of the investment team at IMM Industry Management Munich GmbH and later at TA Triumph-Adler AG. Jochen Martin started his professional career at VIAG AG in Bonn.
Mr Martin completed his studies of business administration at the University in Passau, at the Institute of Management in Moscow (RU) and at the University Lund (SE).
His private equity career Jochen Martin startet in 1994.
Before joining Afinum, Dr. Marcel Maier worked for Deutsche Bank’s investment banking division, advising on M&A mandates and capital market transactions.
Marcel Maier completed his PhD studies at the Technical University of Munich with visiting research fellowships at Harvard University and the University of Pennsylvania. He holds a B.A. and M.A. from University St.Gallen and a CEMS Master in Management (University of St.Gallen, London School of Economics).
He started his M&A and private equity career in 2011.
Before joining Afinum, Thomas worked for BayernLB as a Financial Modeler in Project Finance. Before that he worked for Deloitte with a focus on business valuations and financial due diligence.
Thomas holds a Master’s degree in Finance from Trinity College Dublin and is a CFA charterholder.
Thomas started his career in private equity in 2022.
Prior to joining Afinum, Alejandro Pinto-Kayser worked at PwC on strategic and operational capital markets projects at banks and asset managers with a strong focus on ESG regulation.
Alejandro Pinto-Kayser holds a Bachelor's degree in Business Administration from the Berlin School of Economics and Law and a Master's degree in Finance from the Catholic University of Eichstätt-Ingolstadt.
Prior to Afinum, Veronika Oakley worked in Corporate Reception Management and Customer Service at Deutsche Bank in London.
She completed an apprenticeship in hotel management and worked in the hotel industry for many years. Due to her flexibility she is a valuable support in the area of administration and accounting.
Before joining Afinum, Kai Roolf worked for BC Partners in Hamburg. He started his career at The Boston Consulting Group in Stuttgart, where he was a Project Leader in the sectors of Automobile/Industrial Goods and Technology.
Mr. Roolf studied Electrical Engineering and Information Technology in Karlsruhe, Paris (FR) and Madrid (ES). Additionally he earned a MBA from INSEAD in Singapore (SG) and Fontainebleau (FR).
His private equity career Kai Roolf started in 2010.
Before joining Afinum, Torsten Schneider worked as a strategy consultant with The Boston Consulting Group in Frankfurt and Munich, where he focused on Portfolio Strategy and M&A work.
Torsten Schneider holds a Bachelor in Business Administration of ESB Reutlingen and of Edinburgh Napier University (GB). He completed a Master degree in Energy & Finance at HEC Paris (FR).
Mr. Schneider started his M&A career in 2011.
Before joining Afinum, Dr. Schülin worked at Equatis AG, an investment company focusing on special situations. Dr. Schülin started his career in the management consulting business of the Helbling-Group.
Dr. Philipp Schülin holds a diploma in Business Administration from the University of St. Gallen (CH).
Dr. Schülin started his private equity career in 2001.
Dr. Schülin is Managing Director of Afinum Management AG in Zurich.
Before joining Afinum, Simon Schürch worked for McKinsey & Company in Zurich. Prio to that he was a top athlete in rowing and participated in the 2012 and 2016 Olympic Games.
Simon Schürch studied Economics at the University of Zurich. Additionally, he earned an MBA from the University of Cambridge.
He has been active in the investment business since 2023.
Prior to Afinum, Christina Spachtholz worked for many years as an assistant in the international art trade and in cultural mediation, focusing on digital content and database management.
Ms Spachtholz holds a Master of Arts in Art History from the Ludwig-Maximilians-Universität in Munich.
Before joining Afinum, Burkhard v. Wangenheim worked for Indigo Capital in London. Burkhard v. Wangenheim started his career as consultant at Deloitte & Touche.
Burkhard v. Wangenheim studied Business Administration at the Humboldt University Berlin, the University of California Los Angeles (USA) and the Pontificia Universidad Católica de Santiago de Chile (CL).
Mr. v. Wangenheim started his private equity career in 2007.
Prior to Afinum, Shari Zand worked in investment banking at Deutsche Bank, where she was responsible for M&A projects and capital market transactions. Before that, she gained experience in private and public equity, investment banking and in an international commercial law firm.
Ms Zand completed her state examination in law at the Goethe University in Frankfurt with a period of study at the University of Pennsylvania.
Ms Zand has been active in the investment business since 2023.
To us, each company bears the same importance. We respect its autonomy and aim to preserve its corporate culture and identity. Our principal goal is to contribute substantially to the company’s development. We respect each person with its individual character and desire for a clear and credible future perspective.
Afinum responds to the individual situations of mid-market entrepreneurs and acts goal-oriented for companies and entrepreneurs, especially during the arrangement of succession situations.
We see ourselves as an interested and reasonable shareholder, who assists his portfolio companies and their management in achieving goals without constant interference in day-to-day operations. This has consistently proven to be the right approach in the mid-market segment.
Afinum invests industry agnostic. We believe that – with the right team – value creation potential can be developed and increased in most of the sectors and portfolio companies.
We are familiar with the typical challenges and growth areas of entrepreneurial, medium-sized companies.
Since the foundation of Afinum 20 years ago, we have successfully supported a large number of companies on their individual growth path.
Furniture
Excavator attachments
Promotion material
Agricultural techn.
Fine chemistry
Paint and coatings
Furniture
Ship interior building
Woodworking
Automotive supplier
High-end furniture
Document mgmt.
Furniture
Software / Big Data
Real estate services
Automotive supplier
Material handling
Mid-office software
Out of Home Marketing
Ventilation systems
Professional lighting
Storage solutions
Secure Messaging
Cosmetic products
E-learning platform
Cloud Services
Material handling
Cloud Services
Aluminum drinking bottles
Single-family homes
Diagnostic instruments
Fleet services
Professional audio technology
Renovation services
PC components
Digital printing
Shutter systems
Thermal insulation
Shoe retail
Health services
Fitness centers
Marketing agency
PoP displays
Hosiery
Vision solutions
Embedded technologies
Organic food concept
Antibody services
Golf equipment
Contacts for data and power transmission
Components for High-End-Computer
Supplements
Provider of highly miniaturized PCBs
Premium stencils
Medizintechnik
SAP software provider
A responsible approach to investment and ownership
A responsible and sustainable approach to investment and ownership is an essential part of our firm culture at Afinum. We see it as our obligation, to integrate environmental, social and corporate governance factors (“ESG”) into our investment decisions.
Afinum will at any time review, whether a potential investment is in accordance with the criteria for responsible investment based on the Sustainable Developments Goals (SDGs) formulated by the UN.
For our portfolio companies, we implemented a set of guidelines (“Code of Conduct”) consisting of clear rules and processes to help our employees integrate and adhere to our ESG standards.