
Lucid Partners backs established mid-sized businesses in DACH with long-term family capital. We acquire companies in succession situations and partner with founders and management teams to develop the companies responsibly. Families co-invest alongside Lucid, ensuring aligned ownership, conservative structuring, downside protection and continuity without exit pressure.
We partner with entrepreneurs to design respectful succession plans that protect culture, continuity and long-term stewardship, with optional founder involvement during hand-over phase.
Listening closely and working side-by-side with founders, management and teams
Sharing family business history, we act with an aligned, responsible owner mindset
Investing our own capital to provide stability during the transition and an unencumbered long-term perspective free from short-term pressures and compromises
Growing businesses through continuity, experience and selective expanson, including possible targeted add-on acquisitions, rather than short-term restructuring or cost-cutting programs
We invest private family capital in direct and majority buy-out situations, assuming full long-term responsibility and meaningful personal co-investment.
Accessing proprietary succession opportunities from our family office and personal network
Providing a flexible, deal-by-deal pick-and-choose co-investment platform for fellow family offices
Applying disciplined valuation, conservative leverage and early risk mitigation to ensure downside protection
Ensuring full alignment through personal social links, meaningful Lucid co-investment and single-person responsibility from transaction to value creation
We back established and profitable private mid-market companies in DACH with the following criteria.
Investments type: Direct majority buy-out investments
Financials: Enterprise value CHF 50–150m and EBITDA >CHF 5m
Sectors: All industries (excluding pharma/biotech)
Geography: Switzerland, Germany and Austria as core focus and rest of Europe
Holding period: Long-term ownership orientation of 5–15+ years

We serve as senior advisors along the whole value chain of transactions and portfolio management, delivering M&A advisory, transaction & portfolio management services.
Buy-side M&A advisory encompassing defining investment strategy, pipeline building, assessment of deal proposals for 3rd parties, deal structuring & debt financing, end-to-end execution
Sell-side M&A advisory including pre-deal asset preparation, end-to-end transaction execution (discreet disposals, competitive processes, etc.), advice on post-deal structuring
Buy-side: 100% completion track record over last 6+ years in complex, often owner-founder led, succession situations, requiring pragmatism, resilience and transaction judgement
Sell-side: Realizing market leading returns for our LPs and institution clients across industries and geographies with entrepreneurial approach, deep network and longstanding negotiation experience
Top-quality commercial due diligence on assets across industries with generalist approach leveraging extensive primary research and far-reaching professional and personal networks
Holistic scope approach, leveraging owner mindset, including equity story development, as well as synergies assessment and post-acquisition value creation examination
100+ commercial due diligences for various targets, in particular in niche markets for PE funds and family offices
Variety of follow-on strategy & performance improvement support to drive change and realize value in hands-on execution
Leveraging combined 20+ years in top management consulting for PE clients and own entrepreneurial experience in SMEs allows for resilient effectiveness
Longstanding experience in 10+ advisory boards across Europe, including in compensation and audit committees, as well as litigation expertise helps navigate any operational challenge
10+ senior advisors from MBB backgrounds and own entrepreneurial experience have successfully completed 6+ years of ongoing portfolio work for best returning PE investors in Europe
Shareholder representation regularly, also in minority situations, led to Lucid taking the lead as speaker for all shareholders and taking responsible for whole asset management