Afinum 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, 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.
Michael Bönisch has been living in Hong Kong for more than 20 years acting as Managing Director of various Asian subsidiaries of European businesses. His responsibilities ranged across all operative functions both in the context of German-Chinese joint ventures and in respect of wholly-owned subsidiaries.
For Afinum, he is mainly in charge of evaluating Asian activities (sourcing, production, sales potential) for portfolio companies or supports Afinum’s portfolio companies in building up or developing these further.
He studied Sinology and History in Erlangen and in China.
Michael Bönisch started his private equity career in 2005.
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 Partner 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 Partner and Founder of Afinum Management GmbH
Managing Director of the various Afinum funds
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, Conny Gerl worked in the accounting and controlling department of Roland Berger Strategy Consultants for 17 years. Prior to that, she was part of the organisation department at Jost Hurler GmbH & Co. KG and Bayerische Vereinsbank for many years.
Before joining Afinum Anke Graebner worked as key account manager with DER Tourstik and was responsible for hotel purchasing for major customers e.g. Siemens.
Due to her longterm expertise in event organisation and marketing she is an experienced support also for the investment business.
Before joining Afinum, Andreas Hufnagl worked as a strategy consultant for McKinsey & Company. He was in charge of clients with focus on retail industry and consumer products.
Mr. Hufnagl studied Business Administration at the University St. Gallen. Furthermore he followed a Master programme in Finance at ESADE Business School.
His private equity career startet Andreas Hufnagl in 2018.
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, 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, Dr. Marcel Maier worked for Deutsche Bank’s investment banking division, advising on M&A mandates and capital market transactions.
He completed his PhD studies at the Technical University of Munich with visiting research fellowships at Harvard University and the University of Pennsylvania.
His M&A career Dr. Marcel Maier startet in 2013.
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, Daniela-Alexa Raindl worked as a personal assistant of the management board of Engel & Völkers München GmbH. Prior to that, she took care of photo-shootings and negotiated the usage of advertising campaigns at the agency Louisa Models for many years.
Daniela-Alexa Raindl studied economics at Ludwig-Maximilians-University (LMU) in Munich.
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, Janine Schäfer worked as consultant for goetzpartners in Munich, where she focused on projects related to commercial due diligence, portfolio strategy and M&A.
Janine Schäfer holds a Bachelor in Business Administration and a Master in Management with focus on finance & accounting from the University of Mannheim.
Mrs. Schäfer started her career in private equity in 2020.
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.
Prior to joining Afinum, Anton Bergmann was working as a finance professional for KPMG’s Capital Markets Advisory Group 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, Marc Schuster worked as a strategy consultant for The Boston Consulting Group in Zurich, where he focused on projects in the TMT sector.
Marc Schuster holds a Bachelor in Business Administration and a Master in Finance and International Management from the University of St. Gallen.
Mr. Schuster started his career in private equity in 2020.
Before joining Afinum, Robert Greitl was Managing Partner at Dr. Kleeberg & Partner GmbH, an accountancy and tax consultancy in Munich. Before this, he advised subgroups of TA Triumph-Adler AG on tax and accounting matters through his own consultancy business. Mr Greitl started his professional career at Arthur Andersen in the accountancy and tax consultancy department in Munich.
Robert Greitl studied Economics in Munich. He is a Certified Auditor & Certified Tax Accountant.
Mr. Greitl has been working in the private equity industry since 1994.
Before joining Afinum, Elias Tuerk worked for Deutsche Bank in Frankfurt and London. At the Corporate Finance division he focused on M&A projects and capital market transactions.
Elias Tuerk holds a Bachelor in Business Administration of ESB Reutlingen and of Edinburgh Napier University (GB). He followed a Master programme in Finance at the Stockholm School of Economics (SE) and at HSG St. Gallen (CH).
Mr. Tuerk started his M&A career in 2012.
Before Dr. Hermann Rock became Counsel at Afinum he was a member of the investment management team of the legal department at TA Triumph-Adler AG and before that he was Partner for a medium-sized law firm Munich.
Dr. Rock studied law in Mainz and Munich and received an external Ph.D. in Business Administration in Munich.
In the private equity industry Dr. Hermann Rock worked since 1998.
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.
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.
Paint and coatings
Ship interior building
Software / Big Data
Real estate services
Out of Home Marketing
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.