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3 questions to smart minds
Photo: Kim Comperl

M&A advice for family businesses

For this 3 questions to Kim Comperl

B. Metz­ler seel. Son & Co. AG
Photo: Kim Comperl
9. Octo­ber 2025

As a family-run bank, Bank­haus Metz­ler advi­ses family busi­nesses, among others. What are the issues and chal­lenges facing busi­ness fami­lies today and in the future? And why do the Japa­nese like inves­t­ing in Germany so much? 


For this 3 ques­ti­ons to Kim Comperl, member of the Execu­tive Board of B. Metz­ler seel. Sohn & Co. AG and respon­si­ble for the Corpo­rate Finance division

1. Bank­haus Metz­ler is family-run, which alone gives you a diffe­rent proxi­mity to clients such as family busi­nesses and family offices. Does this require a diffe­rent type of advice in an M&A process?

Family busi­nesses are some­thing special. Since we are a family busi­ness oursel­ves, we know the speci­fic chal­lenges of family-run compa­nies — it’s part of our DNA. Family entre­pre­neurs usually only sell their company once. In this respect, they require more inten­sive advice than corpo­rate groups or finan­cial inves­tors. What’s more, the emotio­nal attach­ment to a company that has been family-owned for gene­ra­ti­ons is usually very strong. Many decis­i­ons are made more emotio­nally. We under­stand what moves the owners and are parti­cu­larly respon­sive to their needs. — This applies to process orga­niza­tion and support as well as support with stra­te­gic decisions. 

2. What special inte­rests have you iden­ti­fied among your customers?

Our clients are as diverse as the compa­nies they run. In the initial phase, we ther­e­fore focus very stron­gly on what moti­va­tes the entre­pre­neur. For exam­ple, is it a majo­rity sale or the sale of a mino­rity stake, is capi­tal to be raised, is it the exit of indi­vi­dual family members or new growth oppor­tu­ni­ties for the company? Entre­pre­neurs want to know that their own company is in good hands. 

They expect us to provide excel­lent support during the process, a new owner who is attrac­tive to all parties invol­ved and, of course, a first-class valua­tion for their company. We have a large network with direct and perso­nal access to owners, family offices, compa­nies and inves­tors at natio­nal and inter­na­tio­nal level. 

3. Bank­haus Metz­ler has also had a strong focus on Japan for a long time. What trends do you see on the Japan axis?

Japan and Germany are geogra­phi­cally far apart from each other — and in but still very close in many respects. — Due to the more advan­ced demo­gra­phic deve­lo­p­ment in Japan and the asso­cia­ted lower econo­mic growth, many Japa­nese compa­nies are looking for expan­sion oppor­tu­ni­ties abroad. Due to a simi­lar econo­mic struc­ture and many tech­no­lo­gi­cally leading compa­nies, Germany has a large number of poten­tial acqui­si­tion candi­da­tes or part­ners. This invol­ves market access, custo­mers, products, tech­no­logy, but also local manage­ment capa­ci­ties. There are also many over­laps between the two count­ries: Japa­nese and Germans are simi­lar in many basic values such as punc­tua­lity, relia­bi­lity and a long-term approach. This makes German compa­nies attrac­tive to the Japanese. 

We have had excel­lent cont­acts in Japan for many years and have been advi­sing Japa­nese compa­nies buying in Germany for more than twenty years. With Our office in Tokyo, Metz­ler Japan Holdings (MJH), is the local cont­act for Japa­nese compa­nies and inves­tors plan­ning cross-border part­ner­ships and tran­sac­tions in Europe, parti­cu­larly in Germany.

Kim Comperl has worked for Metz­ler since 2018 and is a member of the Execu­tive Board of B. Metz­ler seel. Sohn & Co. AG. He is Mana­ging Direc­tor of B. Metz­ler GmbH and respon­si­ble for the Corpo­rate Finance divi­sion. Mr. Comperl has over 30 years of profes­sio­nal expe­ri­ence in corpo­rate finance, and has held senior posi­ti­ons at HSBC and Dresd­ner Klein­wort in London and Frank­furt am Main. In his last role at HSBC, he built up and headed the M&A Sell Side EMEA divi­sion in London from 2014; prior to that, he was co-head of the M&A Germany depart­ment in Frank­furt am Main for six years. Prior to that, Mr. Comperl worked at Dresd­ner Klein­wort in Frank­furt am Main and London: From 2004 to 2008, he was respon­si­ble for the Finan­cial Spon­sor Coverage Germany divi­sion. He studied econo­mics at the Goethe Univer­sity in Frank­furt am Main and gradua­ted with a degree in busi­ness administration. 

www.metzler.com

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