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Multi Family OfficePuts its own capital into companiesLAST VERIFIED Oct 2026 · 7 SOURCES

AEM Unternehmerkapital GmbH

Also known as AEM

Munich investment company backed by three entrepreneurial families and its partners; buys DACH Mittelstand firms in succession and carve-out situations and provides managers.

USEFUL FOR Business owners seeking a long-term partner · Co-investors

Identity

HEADQUARTERS
Munich, Germany

Investment approach

GEOGRAPHY
GermanyAustriaSwitzerland
STAGES
GrowthBuyout
ROUTES
Companies (own capital)
STRATEGIES
Direct investmentsPrivate equity
INBOUND
Accepts submissions

Overview

AEM Unternehmerkapital GmbH (Amtsgericht München HRB 142974) invests only the capital of a small private circle of entrepreneurial families and the AEM partners, with no fund structure or fixed term. It acquires German-speaking Mittelstand companies in succession situations and carve-outs and can place its own managers as full-time managing directors. The site reports more than 10 transactions in five years, over 800 employees across the group and more than EUR 100 million of equity available for new investments.

Investment thesis

Two segments in the DACH region: established businesses with EUR 3-10 million EBIT, stable cash flow and 100% acquisitions; and growth businesses with over EUR 1.5 million EBIT, growth above 10% a year and majority stakes above 51%. Sector-agnostic, with example industries from manufacturing and services to e-commerce, robotics, environmental technology, health, IT and food.

People

  • Korbinian Müller
    Investment Director · source
  • Dr. Philipp Benzinger
    Managing Director · source
  • Christian Binder
    Managing Director · source
  • Hendrik Schlereth
    Managing Director · source
  • Maximilian Spitzkopf
    Managing Director · source
  • Dr. Valerie Barth
    Senior Advisor and Advisory Board Member · source
  • Stephan Hillekamps
    Operations Director · source
  • Bruno Oesterle
    Operations Director · source
  • Silke Eineder
    Head of Finance and Administration (Kaufmännische Leiterin) · source

Frequently asked questions

AEM Unternehmerkapital GmbH is a multi family office based in Munich, Germany.

AEM Unternehmerkapital GmbH invests its own capital into companies. Its stated asset mix includes direct investments and private equity.

AEM Unternehmerkapital GmbH invests at Growth and Buyout stages in Industrial & Manufacturing, Consumer & E-commerce and Climate & Energy.

Key people at AEM Unternehmerkapital GmbH include Dr. Philipp Benzinger (Managing Director), Christian Binder (Managing Director), Hendrik Schlereth (Managing Director) and Maximilian Spitzkopf (Managing Director).

AEM Unternehmerkapital GmbH states that it accepts submissions through its official contact page.