Future-proof industries in Germany

We focus on the acqui­si­tion of majo­rity inte­rests in profi­ta­ble asset-light compa­nies in the B2B services, soft­ware & IT, health­care and life­style sectors in German-spea­king count­ries. We see around 500 compa­nies from the DACH region each year. 350 of them from a strong network of invest­ment banks, M&A bouti­ques, corpo­rate finance houses and 150 that we iden­tify oursel­ves. Thanks to our compre­hen­si­ble, entre­pre­neu­rial approach, we are percei­ved by the entre­pre­neurs who sell to the funds we advise as a trust­wor­thy spar­ring part­ner with the same level of interest. 

As a result, we have successfully imple­men­ted 26 plat­form and add-on tran­sac­tions in the last five years alone.

On the one hand, people today have a higher average life expec­tancy, and on the other, demo­gra­phics play a role. People want to improve their quality of life — for exam­ple with glas­ses, hearing aids or other aids and reme­dies that support bodily func­tions or proac­tively take preven­ta­tive measu­res. The trend is towards “well-being”, a solu­tion that impro­ves quality of life, combi­ned with the best advice. 

As is typi­cal for Beyond, we support the compa­nies in achie­ving above-average orga­nic growth and, through a Germany-wide buy & build approach, are also a driver for above-average, profi­ta­ble growth of the invest­ments. In the medi­cal supply retail sector, for exam­ple, we have grown from a regio­nal posi­tion in a highly frag­men­ted market to the top 5 posi­tion in Germany in terms of size and sales with the ANK-Kaiser Sani­täts­haus Group in just three years. 

In addi­tion, we have crea­ted by far the largest chain of tradi­tio­nal opti­ci­ans in the high-end price segment in Germany — OUNDA “Optik und Akus­tik ” — and inte­gra­ted the 110 owner-mana­ged loca­ti­ons acqui­red over a period of around two years and estab­lished a fully func­tional, modern, digi­ta­li­zed orga­niza­tion that nevert­hel­ess never loses sight of the custo­mer as the high­light in the truest sense of the word. Another company that we support in this area is our most recent invest­ment — KLmed — which provi­des more than 120 highly quali­fied specia­lists in the field of medi­cal service person­nel for opera­ting thea­ters in hospi­tals nati­on­wide as part of tempo­rary employ­ment and ensu­res func­tional and opera­tio­nal proces­ses in hospi­tals. — Our credo is to focus on the needs of custo­mers and people and to meet their demand. 

The B2B sector makes up by far the largest group of compa­nies in our port­fo­lio. It has been evident for years that compa­nies that hold long-term contracts — in some cases with guaran­teed sales — are abso­lut­ely predic­ta­ble in their deve­lo­p­ment. In the tech-enab­led services sector, we are active with seve­ral compa­nies and provide highly complex but essen­tial services for their custo­mers, e.g. in the areas of soft­ware, CGI and AI! 

Real leaps towards digi­tal value crea­tion are achie­ved by our port­fo­lio compa­nies prima­rily through the smooth inte­gra­tion of tech­no­logy-based, orga­niza­tio­nal and metho­di­cal inter­nal struc­tures and the services based on them for their custo­mers. A high level of exper­tise, custo­mer proxi­mity and intellec­tual property are key to retai­ning custo­mers in the long term. The tech­no­lo­gi­cal claim crea­tes the moat for the compa­nies and enables a stron­ger lock-in effect with the custo­mer, which often goes hand in hand with a streng­thening of the margin. We prefer to cover this field with compa­nies from the fields of product visua­liza­tion and digi­tiza­tion, but also data and soft­ware-driven companies. 

Chris­toph D. Kauter is Mana­ging Part­ner and foun­der of Beyond Capi­tal Part­ners. With over 25 years of expe­ri­ence as a private equity inves­tor, he has a proven track record in tran­sac­tions, exits and the imple­men­ta­tion of value-enhan­cing growth stra­te­gies, and is a strong supporter of ESG as a value driver for compa­nies. He has held board posi­ti­ons at private equity firms since 2008 and was appoin­ted to the board of the German Private Equity and Venture Capi­tal Asso­cia­tion (BVK) in 2025. Chris­toph holds a diploma in Banking & Finance from the Frank­furt School of Finance & Manage­ment and a post­gra­duate degree in Finance from CASS Univer­sity London and is a certi­fied Real Estate M&A Advi­sor. He is a mentor and spon­sor for Level 20 and crea­ted the “Beyond Capi­tal Part­ners Scho­lar­ship” to support female M&A students at Frank­furt School of Finance & Management.