Who this is
Carlo Schmid wanted to become a professional footballer: at 14 he had an offer from Arsenal's academy, but his father insisted he finish school first. So Carlo completed the IB at a boarding school in England at 16, joined the TSG Hoffenheim academy and studied business in Mannheim on the side, finishing his bachelor's in three years. He then spent two years in investment banking at Merrill, led 80 employees for two years in his family's business, a dental clinic his parents built, and joined Cherry Ventures in Berlin. From Madrid, the hotspot for search funds, he founded Lineage, a Munich-based fund that invests in search funds. Wolfram Krauss is from Bayreuth, started glider training at 14 and got his pilot's licence before his driver's licence. He quit a very well-paid investment banking job to run his search fund. Together with his partner Daniel, a former consultant, he is looking for a Mittelstand company to take over and run themselves under the name Concordia Unternehmensnachfolge. Lineage has invested in the two of them.
Episodes
Numbers from the episode
Quotes
„Also ich würde sagen, es ist eine Art Micro Private Equity …““I'd say it's a kind of micro private equity.”
„Das heißt, wir haben einen Tsunami an Babyboomer und an Unternehmen, die eine Nachfolge suchen, eigentlich auf unser Land zu rollen.““In other words, a tsunami of baby boomers and companies looking for a successor is rolling towards our country.”
„… was sich immer anbietet, sind Unternehmen, die Wartungsverträge haben.““What always works well are companies with maintenance contracts.”