We created this article as part of our research process for our European single family office database. Here, we are highlighting three exciting family offices from Hamburg.
The Hanseatic City of Hamburg is an important trading and business location that is home to numerous traditional entrepreneurial families. We present three single family offices of these that you should know.
1. FRIBA Investment GmbH & Co KG
The single family office FRIBA Investment is based in the two Hanseatic cities of Bremen and Hamburg and has a corporate tradition of industrial origin dating back to 1875. The investment strategy has a family-Hanseatic character. The investment focus is on direct investments in German and European companies in the areas of private equity, real estate and venture capital. The investment portfolio currently comprises three companies: Enpal (Berlin-based startup for photovoltaic solutions), 4.screen (Munich-based driver interaction platform for digital communication and marketing) and itm (Isotopen Technologie München – holding company with investments in biotechnology and radiopharmaceutical companies).
2. ABACON CAPITAL GmbH
ABACON CAPITAL is an investment company that forms the family office of the Hamburg entrepreneurial family Albert Büll. Albert Büll became a billionaire with the real estate company Büll & Liedtke and a corporate empire that grew out of it. ABACON CAPITAL is active as an investor in business models in the areas of sustainable energy transition, new forms of mobility, real estate and deep tech. Currently, ABACON CAPITAL is invested in a dozen companies. Three examples are: CustomCells (leading developer and manufacturer of lithium-ion batteries and electrodes from Itzehoe), MILES Mobility (Berlin-based provider of stationless free-floating car sharing and van sharing) and Voi (Swedish provider of e-scooter and e-bike sharing for inner-city transport).
3. Peter Möhrle Holding GmbH & Co. KG
Hamburg-based entrepreneur Peter Möhrle became a multimillionaire with the Max Bahr DIY chain. In 2007, Möhrle sold his company and contributed the proceeds of the sale to the Peter Möhrle Foundation and the Peter Möhrle Holding. After the death of Peter Möhrle in 2020, the holding company acts as the family office of the entrepreneurial family and is active in the areas of corporate investments, asset management and real estate investment. In the case of corporate investments, investments are made in established companies with solid business models and growth prospects. Examples of corporate investments: Coeur de Lion (Stuttgart fashion jewelry manufacturer), Deutsche Immobilien AG (Hamburg), Teutoburger Ölmühle (Ibbenbüren, rapeseed oil production), Ecoroll (Celle, tools and machines for mechanical surface finishing).
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