Lichtenberg Capital

What Lichtenberg Capital does

Lichtenberg Capital (operating entity LBC GmbH) is a private equity manager founded in 2023 and headquartered in Schwaz, Tirol, Austria, that invests in mid-sized companies across the DACH region (Germany, Austria, Switzerland). The firm's stated investment focus is on companies in transitional or special situations — specifically succession solutions, corporate carve-outs, restructurings, and turnarounds — with a target enterprise turnover of up to €500 million and a preferred sweet spot of €50–200 million. The portfolio approach favors situations that require hands-on operational involvement rather than auction-driven, broad-market buyouts, with HPW Metallwerk GmbH publicly referenced as a representative investment in which the firm holds board-level financial oversight through team member Thomas Marek serving as CFO.

The team is intentionally compact at eight professionals and is built around a senior partnership of Dr. Stefan Hamm (ex-Tyrol Equity, Concentro AG, Roland Berger, EY) and Clemens Gapp (ex-KONSTANT Asset Management, Tyrol Equity), supported by investment professionals, associates, and analysts with overlapping tenures at Tyrol Equity and KONSTANT. This shared predecessor experience is positioned as the firm's primary human-capital asset and underpins its day-one deal sourcing and execution capabilities. KONSTANT Asset Management is a major investor in the Lichtenberg Capital management company, providing both anchor capital and an institutional validation signal. The firm is also a signatory to the UN-supported Principles for Responsible Investment (PRI), formalizing its responsible-investment stance for LP and seller audiences.

Lichtenberg Capital's revenue mechanics follow the standard European mid-market PE model: it generates management fees (typically ~1.5% annually) on committed and/or invested fund capital, with potential additional transaction, monitoring, and performance fees on individual deals. As a manager founded in 2023 with no publicly disclosed first fund close, current revenue is best understood as seeding-level management fee income and one-off portfolio-related fees, with the trajectory materially dependent on closing a maiden fund. The go-to-market is relationship-led DACH mid-market origination leveraging the team's network, supplemented by selective outreach to founders, family owners, and corporates seeking succession, carve-out, or restructuring partners.

Name

Lichtenberg Capital

Legal name

LBC GmbH

Website

https://lichtenberg-capital.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Lichtenberg Capital is a Schwaz, Austria-based private equity manager founded in 2023 that invests in DACH mid-sized companies (target turnover up to €500M) facing succession, carve-out, restructuring, or turnaround situations, with a senior team drawn from Tyrol Equity and KONSTANT Asset Management.

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

Keywords

• Private equity fund
• Equity capital investment
• Company restructuring services
• Succession planning solutions
• Operational turnaround advisory

Headquarters

HQ city

Schwaz, Tirol

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Private Equity Fund Management: Generates returns through equity investments in portfolio companies, typically via management fees and carried interest from successful exits. Provides capital and operational support to companies in transitional situations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Lichtenberg Capital is a private equity fund that invests in mid-sized DACH-region businesses in transitional situations by taking majority equity stakes and providing hands-on operational expertise as co-entrepreneurs. The fund targets fundamentally healthy companies facing succession challenges, carve-outs from larger groups, restructuring, or turnaround scenarios, and supports them through the full investment cycle from initial evaluation to exit.

Product overview

Lichtenberg Capital is a private equity fund focused on the DACH region that specializes in supporting medium-sized companies in transitional situations. The firm provides equity capital and operational expertise to fundamentally robust businesses facing challenges such as succession planning, carve-outs from larger conglomerates, restructuring, and turnaround situations. The company does not offer distinct technology products or modules; rather, it delivers investment and operational support services as a unified private equity offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Equity Investment and Operational Support Provision of majority equity capital and co-entrepreneurial operational support to mid-sized companies in the DACH region facing succession, carve-out, restructuring, or turnaround situations, with active involvement from due diligence through exit.
• Program Office Portfolio Development In-house Program Office that drives operational and strategic development of portfolio companies, providing M&A execution, business plan design, and corporate transformation support.
• ESG-Integrated Investment Process Investment approach incorporating UN PRI-aligned ESG due diligence and monitoring throughout the investment lifecycle, supporting portfolio companies in sustainable long-term value creation.

Quantifiable outcome

• European market leader position achieved for HPW Metallwerk GmbH in performance flat wires for electromobility

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Principles for Responsible Investment (PRI)coreStrategic or Co-development PartnerLichtenberg Capital is a signatory of the Principles for Responsible Investment (PRI), aligning investment practices with global efforts to promote long-term value creation. As a signatory, the company commits to incorporating ESG considerations throughout the investment process.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Capvis Equity Partners: Swiss mid-market PE firm investing across DACH-region succession, growth and carve-out situations, sharing Lichtenberg's regional Mittelstand focus and operator-investor model.
• IK Partners: Pan-European mid-market PE firm with strong DACH activity targeting succession, growth buyouts and complex situations — comparable platform scale and deal type to Lichtenberg Capital.
• Paragon Partners: Munich-based mid-market buyout firm investing in DACH and Northern European companies with operational value-add theses — directly comparable to Lichtenberg's operator-led, regional mid-market approach.
• Triton Partners: DACH-headquartered mid-market PE firm with a long heritage of investing in succession, carve-out and complex situations across the region — a directly comparable established peer to Lichtenberg Capital.
• Deutsche Beteiligungs AG (DBAG): Frankfurt-listed mid-market PE firm investing in DACH Mittelstand companies across succession, growth and restructuring situations — a scaled listed peer operating in Lichtenberg's same target segment.
• Equistone Partners Europe: European mid-market PE firm investing across DACH-region companies in management buyouts and succession-led situations — directly comparable in segment and check size to Lichtenberg's stated criteria.
• Active Ownership Capital: Swiss/DACH mid-market PE firm applying an active ownership model to succession, growth and complex situations — close strategic overlap with Lichtenberg's co-entrepreneurial thesis in the same regional pool.
• AURELIUS Equity Opportunities: Munich-listed mid-market investor specializing in complex situations, succession solutions and corporate carve-outs across European Mittelstand companies — a directly comparable platform to Lichtenberg Capital's DACH transitional focus.
• Mutares: Munich-based mid-market PE/special situations firm focused on carve-outs, turnaround and restructuring situations across the DACH region — directly overlapping with Lichtenberg Capital's succession and carve-out thesis.

Broad incumbents

• EQT Group: Large global PE platform with a dedicated European mid-market strategy that competes for DACH succession and carve-out deals — relevant as a scaled incumbent that Lichtenberg must win against in the same deal pool.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lichtenberg-capital

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Lichtenberg Capital