Winterberg Group
Zug multi-family office investment firm doing majority buyouts of small Mittelstand industrial and healthcare firms and seed/Series A growth investments.
USEFUL FOR Fund managers raising capital · Founders · Business owners seeking a long-term partner · Co-investors
Identity
- HEADQUARTERS
- Zug, Switzerland
- OFFICES
- Grünwald, Germany
- FOUNDED
- 2011
Investment approach
- GEOGRAPHY
- EuropeUnited StatesSouth Africa
- STAGES
- SeedSeries ABuyout
- ROUTES
- Companies (own capital) · Funds (as LP)
- STRATEGIES
- Private equityVenture capitalReal estate
- TICKET
- €200K–€2M
Overview
Winterberg Group AG in Zug describes itself as a multi-family office investment firm and an independent family office investing in private equity, including funds managed by its sister company Winterberg Advisory GmbH (Grünwald), and selectively in real estate. It pursues majority buyouts of small and mid-sized industrial technology companies in mature European economies (EBITDA EUR 1-10M) and early-stage growth investments of EUR 0.2-2M at seed or Series A. Its current buy-and-build platforms include Healthcare Holding Schweiz, TIC Holding Schweiz and Schweizer Treuhand Holding.
Investment thesis
Two strategies: mature-stage buyouts of niche Mittelstand champions (51-100% stakes, EV EUR 5-50M) and early-stage growth capital (10-50% stakes), around the themes Scalable Industrial Technologies and Emerging Middle Class.
Holdings & investments (3)
INVESTMENT ARMS & VEHICLES
- Manages private-equity funds focused on small and mid-cap succession deals (e.g. Winterberg Investment X)
HOLDINGS & INVESTMENTS · MOST RECENT FIRST
- Healthcare Holding SchweizHealthTech
- TIC Holding SchweizIndustrial & Manufacturing
- Schweizer Treuhand Holding
People
Frequently asked questions
Winterberg Group is a multi family office based in Zug, Switzerland, founded in 2011.
Winterberg Group invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes private equity, venture capital and real estate.
Winterberg Group invests at Seed, Series A and Buyout stages in Industrial & Manufacturing, HealthTech and Mobility & Logistics.
Winterberg Group's stated ticket size is €200K–€2M.
Key people at Winterberg Group include Florian Brickenstein (Founding Partner), Fabian Kröher (Founding Partner), Ralph Nowak (Founding Partner) and Lorenzo Tencati (Founding Partner).
Winterberg Group's holdings and investments include Healthcare Holding Schweiz, TIC Holding Schweiz and Schweizer Treuhand Holding.
The most recent publicly reported investment by Winterberg Group is SMART Treuhand (via Schweizer Treuhand Holding) (Acquisition), announced in Oct 2026.