For searchers, successors and business owners in the Mittelstand.
Mick Capital provides equity for acquisitions, successions and growth in the Mittelstand. What matters most to us is who will be leading the business: the searcher before their first deal, the successor stepping up from the second row, the owner who wants to finance the next step.
The capital behind us belongs to people who have built companies, run them and at some point let go. Every situation is different. That is why we don't start with a template. We start with a genuine interest in the business and the people behind it.
What we stand for
Behind every number is a decision somebody once made, often against resistance. We want to understand why a business runs the way it does, who brought it this far and who can carry it forward. That takes time. We take it.
The people who invest with us have built companies, run them and eventually handed them on. They know the Mittelstand from the inside, not from a reporting pack. The group is put together afresh for every transaction. Whoever sits at the table is risking their own money.
No fund cycle, no countdown in the background. We stay as long as it helps the company. For the person handing over, that means their life's work will not be passed on again in three years. For the person taking over, it means building something rather than working towards a cut-off date.
In every investment there are three or four questions that really matter. We get to the bottom of those. Everything else gets as much attention as it deserves and not a minute more. A four-hundred-page review has never made a company better.
You will learn where our capital comes from, how we make decisions and what still makes us uncertain about your company. You should know who you are dealing with before you decide. Anything else would be a poor start to a partnership.
All we have is what business owners, searchers and advisers say about working with us. So we show up as we are, not the way people expect in this industry. An investment lasts for years. If it doesn't fit beforehand, it won't get better afterwards. We most enjoy working with people we will still want to be on the phone with in five years.
About us
Mick Capital is not a fund. We don't manage money for anyone and we don't raise any. For each situation we bring together the right group of investors: entrepreneurs who have built, run and eventually handed over companies themselves, and who put their own money in here. So there is nobody at the table who simply has a quota to meet.
That makes us smaller than any fund and faster in exactly one respect: we don't have to convince anyone before we give you an answer. Short lines of communication, little bureaucracy, one point of contact from the first email to the signature.
If something goes wrong, there is no brand and no corporate group to hide behind. There is only what business owners and advisers say about us afterwards. That dependence is uncomfortable, and it is the best reason to do clean work.
Background
Got to know the Mittelstand from the ground up and has so far invested almost exclusively in founder-led companies. Around eight years of institutional experience, always on the investor side: finding deals, understanding business models, supporting portfolio companies. That is exactly how we work today.
Maxburg Capital Partners Private Equity
Munich-based private equity fund focused on profitable, owner-managed Mittelstand companies in the German-speaking region. Julian was responsible for deal sourcing, due diligence, valuation and portfolio work and developed a deep understanding of how the German Mittelstand and the entrepreneurs behind it think.
THI Investments Private Equity
Family-run investor from Stuttgart with offices in Stuttgart and London and more than EUR 1.8 billion in assets under management. THI invests from its own balance sheet, with no fund term, in European mid-sized companies in business services, education, healthcare and industrials. This is where Julian saw what an investor can do when it doesn't have to explain a fund clock to anyone.
Banyan Software Private Equity
Canadian investor focused on vertical software companies, regularly listed among the fastest-growing companies in North America. As the first employee in the DACH region, Julian built the German market entry from scratch: from acquisition strategy and proprietary outreach through to the first closed transactions and their integration.
Team
Analyst
Maximilian Walser
Previous experience
Maximilian Walser is responsible for analysis, modelling and preparing target companies. He doesn't just work on the models, he is part of the conversations and negotiations from the very start. He gained his transaction experience at Raymond James and Drake Star Partners.
We met at THI Investments, where Maxi started as an intern. He stood out there for something that is hard to learn: he quickly finds his way into situations he has never seen before, and he thinks from the company's point of view, not from the task.
The fact that we are working on transactions together again is one of the reasons for working independently: being able to choose who you work with.
Senior Advisor
Moritz Greve
Founding Partner,
Maxburg Capital Partners
Previous experience
Julian spent several years in Moritz Greve's team at Maxburg Capital Partners. What remains is a friendship and a working relationship.
That is why we work closely with Maxburg Capital Partners today and have a partner we can confidently recommend for larger transactions. Moritz Greve also supports Mick Capital as a Senior Advisor.
About Maxburg
Maxburg Capital Partners is an owner-managed private equity fund in the German-speaking lower mid cap: more than EUR 1 billion in cumulative capital commitments, more than 70 investments, and significant equity from the partners in every transaction.
Visit the Maxburg website →The Senior Advisor named here is independent and is brought in by Mick Capital on a case-by-case basis. Naming him does not establish any employment, agency or partnership relationship. Company and brand names are mentioned for context only; all trademark and name rights remain with their respective owners.
References
I have known Julian for eight years, several of which he spent in my team at Maxburg. He gets to grips with new business models quickly and has a fine sense for where the real substance in a business lies. He doesn't follow a standard template; his approach has its own signature. Especially in the founder-led companies we usually acquire at Maxburg, he managed to bring people along and get them excited about a shared project. We have never lost touch and still find common ground today. I am certain that for business owners in particular who are placing their life's work in new hands, Julian is a valuable sparring partner.
Moritz Greve
Partner, Maxburg Capital Partners
We went into the sale process without our own adviser, which in hindsight was a risk. That it still went well was partly down to Julian and the Maxburg team. Every step was explained to us, with background and reasoning, and we were involved in the thinking and review process instead of just working through lists of questions. A process like this is exhausting and more emotional than you expect. But it always stayed human, and along the way we even had some genuinely fun, good moments.
Thomas Schraer
Founder, saracus consulting (now synvert)
Track Record
saracus consulting (now synvert)
2020IT Services, Data & Analytics
Succession solution for a specialised consultancy in data & analytics.
Neo Cos Service
2021Cosmetics, contract manufacturing
Succession solution for the founding couple of an established contract manufacturer of cosmetics and personal care products.
immo-office
2023Real estate, PropTech & SaaS
Succession solution for a SaaS provider digitising processes in the residential property sector.
LOGICHECK
2026InsurTech, claims management & SaaS
Succession solution for the founding couple of a specialised provider of digital claims management solutions for the insurance industry.
Approach
What matters is not a rigid set of rules, but whether we see potential, understand the company and can make a real contribution with capital, experience or our network.
Situations that suit us
Succession
An orderly handover, with or without the owner staying invested.
Acquisition by a searcher
Equity for the person who finds the company, buys it and then runs it.
Growth
Capital and support for the next stage of development.
Co-Investment
Participation in transactions led by someone else, including with our own work.
Special situations
Shareholder changes, carve-outs and constellations for which there is no template.
Investment criteria
These figures are a guide, not a cut-off. We don't have to explain an investment policy to anyone. That makes transactions possible that don't fit the usual pattern.
Who suits us
Equity, candidates from our own funnel and someone who builds the model with you. No application process.
Take a look → For business ownersSuccession, growth capital or a partner at your side. We talk about your company first, then about structure and valuation.
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