Personal M&A advisory for the German Mittelstand

Securing life’s work

You sell a company only once in a lifetime. We guide you discreetly and individually — tailored to your situation — through your entire sale and succession process, one dedicated advisor at your side: by entrepreneurs, for entrepreneurs.

Confidential
Utmost discretion at every step
Experienced & independent
A well-rehearsed M&A team with years of experience
Acting in your interest
We represent your side alone — never the buyer’s
Personal
A dedicated advisor for you, anytime

They all once stood exactly here.

Selling your life’s work is no transaction like any other — it is a question of trust. More than 50 entrepreneurs have answered that question with .

Dr. med Michael Wendorf
Dr. med Michael Wendorf
PAPmed GmbH

A partner at eye level — honest, transparent and 150% on our side.

Amanda Wyatt
Amanda Wyatt

A partnership that fits our vision and values perfectly.

Rolf Neugebauer
Rolf Neugebauer

Found the right successor — the life’s work lives on.

Thomas Schenker
Thomas Schenker
Schenker GmbH

CARL fought for our success as if it were their own company.

Roman Weiss
Roman Weiss

Found the ideal partner for growth and international ambitions.

Jan Schreiber
Jan Schreiber

Team and location stay in place — now I look forward to the next chapter.

From the first thought to the signature — and into the hands that deserve it.

Every sale is as personal as the life’s work behind it. We guide you discreetly through each phase, explain every decision before it arrives — and stay at your side until your company is in good hands. You set the pace, and when to stop.

01

Where your company truly stands today.

We listen and assess. A well-founded, market-based valuation — not an estimate, but the honest, defensible basis for every decision that follows.

Initial valuation free of charge

Confidential, non-binding — and honest, even if you don’t like the number.

02

So the business carries on without you.

We prepare everything — and gently reduce the business’s dependence on you as owner. That is the single biggest lever for the value of your life’s work.

Data room / preparationData room / preparation
03

Not just any buyer. The right one.

From 2,500 active buyers — strategics, family offices, private equity — we find the few that fit your company, your people and your vision. Anonymous until you decide.

Genuine competition

Several vetted bidders at the table — your strongest argument on price.

04

At the negotiating table, we sit on your side.

From the first approach to the final negotiation, we run the process competitively and with discipline — you keep your hands on the wheel, we carry the load.

Negotiation / LOINegotiation / LOI
05

A clean break — and a good beginning.

Signing, closing and handover. We stay at your side beyond the notary appointment, until your life’s work has safely arrived in its new hands.

There for you afterwards too

Handover support beyond completion — orderly, not abrupt.

Where life’s work finds its next chapter with .

Success in numbersAs of Q2 2026
50+
Completed transactions
sale, succession & MBO
>€1bn
Transaction volume
advised cumulatively
>90%
Success rate
of advised mandates
2,500+
Active buyers in the network
strategics, PE & family offices
Market monitorQ2 2026

Know what buyers really pay today.

Our multiples index is built on real transactions in the DACH Mittelstand — not textbook figures, but what buyers actually pay today. The light marker shows the typical range — and with it, what good preparation is worth.

Software, IT & Technology
8.2×
Healthcare
6.9×
Energy & Infrastructure
6.6×
Industrials & Manufacturing
6.1×
Business Services
5.9×
Consumer Goods & Internet
4.9×
2.5×7.5×10×

Avg. EBIT multiple per sector. Light marker = typical range. Source: CARL valuation database.

Buyer matching · Anonymised previewSample profile

2,500 active buyers. We know the right four.

For an anonymised sample profile — special machinery, 142 employees, EBITDA €4.1m — that would be four out of 2,500 possible counterparties. You decide the order, the pace and when to stop.

Strategic buyer
Special machinery
€15–40m · DACH · Southern Germany
92
Family office
Sector-agnostic
€8–25m · Germany
87
Private equity
Industrials / services
€30–120m · Europe
81
Management buy-out
Internal team
case-by-case ·
76

Source: CARL buyer database. Profiles are anonymised; full identity is disclosed only after a mutually signed NDA. The match score is based on 14 criteria (sector, size, region, capital structure, cultural fit and more).

Frequently askedFAQ

What owners ask most often.

The initial valuation and the first conversation are free of charge and non-binding. Under a mandate we work with a combination of retainer and success-based fee — you pay the larger part only once the transaction has closed successfully.
A structured sale process in the Mittelstand typically takes 6 to 12 months — from preparation through buyer outreach to closing. At CARL the average time to the first binding offer is 5.2 months.
We primarily use the EBIT multiple method, complemented by DCF and comparable transactions. Our multiples index is built on real deals in the DACH Mittelstand and enables a particularly well-founded valuation.
Absolutely. Discretion is the foundation of our work. Interested parties initially receive only an anonymised short profile and must sign a non-disclosure agreement before any further information.
We advise owner-managed companies with revenue between roughly €2m and €50m — the core of the German Mittelstand.

Let’s talk about your life’s work.

A confidential first conversation is free and non-binding. Find out what your company is worth and what a sale or succession process could look like for you.