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Family HoldingPuts its own capital into companiesLAST VERIFIED Oct 2026 · 6 SOURCES

HGDF Familienholding SE & Co. KG

Flensburg holding of the Dethleffsen family (roots 1738) with majority stakes in Queisser Pharma, Flensburger Brauerei, FRS and others, plus startup minority stakes.

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

Family & background

FAMILY
Dethleffsen
HEADQUARTERS
Flensburg, Germany
FOUNDED
1738

Investment approach

GEOGRAPHY
Germany
STAGES
SeedSeries AGrowthBuyout
ROUTES
Companies (own capital)
STRATEGIES
Direct investmentsVenture capital

Overview

HGDF Familienholding SE & Co. KG (Herm. G. Dethleffsen), registered at Amtsgericht Flensburg (HRA 186 FL), traces its history to a Flensburg trading business founded by Christian Dethleffsen in 1738 and is now owned by the eighth generation of the family. It holds majority or full stakes in mid-sized companies including Queisser Pharma (Doppelherz), Beyersdorf, Flensburger Brauerei, the ferry operator FRS, ComLine, Specht, Troeger and Bühn. It also invests in startups such as Wellster, Wunderflats, Amperecloud, Blue Farm, StrollMe and MEINE ERDE. The group reports about 2,900 employees and EUR 1,169m annual revenue.

Investment thesis

Majority stakes in healthy mid-sized companies with growth prospects, acting as an active strategic partner, plus investments in startups whose founders it supports in scaling.

Holdings & investments (19)

  • Consumer & E-commerce · since 2024
  • Consumer & E-commerce · since 2023
  • Food & Agriculture · since 2022
  • Climate & Energy · since 2021
  • Lendis
    Software & SaaS · since 2021
  • Mimi
    HealthTech · since 2021
  • HealthTech · since 2020
  • HealthTech · since 2020
  • Real Estate & PropTech · since 2020
  • Software & SaaS · since 2019
  • HealthTech · since 2019
  • Queisser Pharma
    HealthTech
  • Beyersdorf
  • Flensburger Brauerei
    Consumer & E-commerce
  • FRS
    Mobility & Logistics
  • ComLine
  • Specht
  • Troeger
  • Bühn

People

  • Dr. Marius Dethleffsen
    Investment management (Beteiligungsmanagement) · source
  • Sandra Mau
    Investment management – M&A · source
  • Simon Dethleffsen
    Managing Director (Geschäftsführender Direktor) · source
  • Katharine Michaelis
    Managing Director (Geschäftsführende Direktorin) · source
  • Andreas Dethleffsen
    Managing Director (Geschäftsführender Direktor) · source
  • Gert Bendixen
    Chairman of the Board (Verwaltungsratsvorsitzender), Herm. G. Dethleffsen SE · source

Frequently asked questions

HGDF Familienholding SE & Co. KG is a family holding based in Flensburg, Germany, founded in 1738.

HGDF Familienholding SE & Co. KG invests on behalf of the Dethleffsen family.

HGDF Familienholding SE & Co. KG invests its own capital into companies. Its stated asset mix includes direct investments and venture capital.

HGDF Familienholding SE & Co. KG invests at Seed, Series A, Growth and Buyout stages in HealthTech, Consumer & E-commerce, Food & Agriculture, Mobility & Logistics, Climate & Energy, Software & SaaS and Real Estate & PropTech.

Key people at HGDF Familienholding SE & Co. KG include Simon Dethleffsen (Managing Director (Geschäftsführender Direktor)), Katharine Michaelis (Managing Director (Geschäftsführende Direktorin)), Andreas Dethleffsen (Managing Director (Geschäftsführender Direktor)) and Gert Bendixen (Chairman of the Board (Verwaltungsratsvorsitzender), Herm. G. Dethleffsen SE).

HGDF Familienholding SE & Co. KG's holdings and investments include Queisser Pharma, Beyersdorf, Flensburger Brauerei, FRS, ComLine, Specht, Troeger and Bühn, among others.