Forum Family Office

What Forum Family Office does

Forum Family Office is a Munich-based private family office that has managed the wealth of a single Munich-based family since 1997, with an investment strategy 100% focused on company equity. The firm operates two complementary strategies: Family Equity, through which it acquires private small and medium-sized companies on a permanent basis to provide succession solutions for family business owners lacking a suitable internal successor; and Value Investing, a concentrated (10–12 positions) European listed-equity strategy following fundamental, Warren Buffett-style principles with a margin-of-safety discipline. The investment engine is supported by a small Munich team of approximately 20 employees, led by Managing Director Dr. Burkhard Wittek, alongside a Senior Advisor bench of former entrepreneurs and CEOs. Operating infrastructure is intentionally lean: no proprietary technology platform, no APIs or software products of its own, and management is highly decentralized to preserve portfolio company identity and entrepreneurial culture.

The firm's product surface spans direct private-equity holdings, a concentrated public-equity book, the Forum Family Office Value Fund (FFOV), a Luxembourg SICAV that gives institutional and professional investors access to its value-investing strategy, and holding structures such as Forum Software Mittelstandsholding SE for software investments. Portfolio companies — over 45 in total, collectively employing more than 1,700 people — operate in software, environmental/water technology, and industrial niches across Germany, Switzerland, and Italy; recent additions include FBS Informatik (Switzerland, Feb 2026), Siint (Italy, Nov 2025), ESAIN (Italy, 2025), MRUT (Germany, Mar 2024), and Nutricon (Germany, 2023). Forum monetizes through portfolio operating profits, capital appreciation, dividends on listed holdings, and management/performance economics from the FFOV fund; it explicitly states it has no external customers. Portfolio value has compounded 11x over 20 years (vs 4x for MSCI Europe IMI) and the firm has delivered approximately 14% annualized returns over the last five years versus roughly 10% for the benchmark.

Name

Forum Family Office

Legal name

Forum Private Equity GmbH

Website

https://forumgruppe.de

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

Munich-based private family office managing the wealth of a single Munich family since 1997 through two strategies: permanent acquisitions of private mid-market companies (Family Equity) and concentrated investments in listed European companies (Value Investing), holding 45+ portfolio companies across Germany, Switzerland, and Italy in software, environmental technology, and industrial sectors.

Ownership category

akta.pro rank

Product category

Family Office Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Offices of Other Holding Companies (551112), Management of Companies and Enterprises (55111)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)

akta.pro secondary industries

Family Office Services (Single & Multi-Family Office) (FSABADAF), Family Office Advisory (Single/Multi-Family) (FSAEAAAI)

Keywords

• Family office services
• Private equity investments
• Value investing strategy
• Business succession planning
• Asset management

Headquarters

HQ city

München

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Family Equity - Portfolio Company Profits: FORUM acquires private small and medium companies permanently and develops them for long-term value creation. Revenue is generated through the operational profits and growth of portfolio companies.
2. Value Investing - Capital Gains and Dividends: FORUM invests in listed European companies following Value Investing principles. Returns come from capital appreciation and dividend income from a concentrated portfolio of 10-12 companies.
3. FORUM Family Office Value Fund (FFOV): A Luxembourg-based SICAV fund offering institutional and professional investors access to FORUM's European Value Investing strategy. Generates management fees and performance-based returns.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Forum Family Office manages the wealth of a Munich-based family through two equity-only strategies: Family Equity, the permanent acquisition of private small and medium-sized companies to provide succession solutions, and Value Investing, the long-term investment in listed European mid-cap companies following fundamental value principles. External institutional and professional investors can access the listed-equity strategy via the Luxembourg SICAV Forum Family Office Value Fund (FFOV).

Product overview

Forum Family Office operates two distinct investment strategies: Family Equity (permanent investments in private small-to-medium companies providing succession solutions) and Value Investing (long-term investments in European listed companies following Warren Buffett principles). The flagship product is the Forum Family Office Value Fund (FFOV), a Luxembourg SICAV providing institutional access to their value investing approach. The company maintains 45+ portfolio companies across software, environmental technology, and other sectors, managed through Forum Software Mittelstandsholding SE and other holding structures. Supporting offerings include quarterly CIO Letters and Macro Dashboards for research and documentation. Notable portfolio products include Siint.Company (17-module MES software), ESAPRO 3D PIPING (CAD for industrial piping), and various environmental technology companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Family Equity

Quantifiable outcome

• Portfolio value increased 11x over 20 years vs 4x for benchmark index
• +3 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• MiracleFeetminorOthersFORUM Family Office funds the establishment of MiracleFeet in Peru, a charity that provides treatment for clubfoot in children. MiracleFeet works to provide universal access to treatment for one of the world's most common causes of physical disability, working with local healthcare personnel and organizations to deliver cost-effective solutions.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Others

• Schörghuber Group: Bavarian family-owned holding with broad real estate, hospitality and operating-company investments. Comparable as a Munich-based German family office deploying permanent capital into operating businesses, though more diversified across real estate.

Direct peers

• Haniel Group: German family-owned industrial holding company making long-term direct investments in operating businesses across Europe. Closely comparable in structure as a German family-controlled permanent-capital investor focused on operating companies.
• Tengelmann Group: German family holding that historically deploys capital through direct private investments and venture/PE arms. Comparable as a German family office investing permanent capital into operating companies over multi-decade horizons.
• Maxburg Capital Partners: Munich-based, family-backed investment firm acquiring majority stakes in European Mittelstand companies. Directly comparable as a DACH-focused, family-capital-driven acquirer of SMEs with long holding periods.
• Nord Holding: German mid-market investment company acquiring SMEs in succession situations and corporate carve-outs. Directly comparable in target profile (DACH Mittelstand, succession-driven acquisitions) though structured around fund vehicles.
• GIM (Gesellschaft für Investment und Management): German investment firm applying Graham-Buffett-style value principles to listed European equities. Directly comparable to FORUM's Value Investing arm in philosophy and European mid-cap universe.

Broad incumbents

• Deutsche Beteiligungs AG: Frankfurt-listed private equity firm focused on German Mittelstand buyouts. Comparable as a DACH SME-focused investor, though operating under fund structures with exit timelines rather than permanent capital.
• Aurelius AG: European mid-market investor specializing in carve-outs and turnaround situations across DACH and the wider EU. Comparable in European SME focus and sector breadth (industrial, software, services), though more operationally intensive and shorter-holding.
• HQ Trust: German multi-family office providing wealth management and investment advisory to entrepreneurial families. Comparable as a German wealth platform for HNW/UHNW families, though broader in mandate than FORUM's single-family focus.
• FERI AG: German investment house offering wealth management, alternative investments and family-office services. Comparable as a Germany-based private investment platform serving UHNW clients with multi-strategy offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Forumfamilyoffice
• LinkedInlinkedin.com/company/forum-family-office

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forum Family Office