the architects of

success

we are seasoned professionals who recognise opportunities and realise potential

the architects of

success

we are seasoned professionals who recognise opportunities and realise potential

The DUBAG Team

FOUNDER – MANAGING DIRECTOR

Dr. Michael Schumann

Michael is the founder and managing director of DUBAG. Michael holds a PhD from Ludwig Maximilian University of Munich and has more than 25 years of experience in private equity. In 2009 he founded DUBAG. Prior to that, Michael held several jobs in the buy-out industry, lastly as Managing Director of stock-listed PE investor Arques Industries.

„Our team contributes extensive experience and openness to identify successful solutions.“

PARTNER M&A

Emanuel Cattanei

Emanuel is a Partner at DUBAG. Before founding DUBAG together with Michael and Christoph in 2009, he worked for the M&A department of Fresenius Medical care as well as stock-listed PE investor Arques Industries focusing on turnarounds and distressed M&A. Emanuel holds a Master in Electrical Engineering from Imperial College London.

„We give managers entrepreneurial responsibility. As an active sparring partner, we support them with a steady hand.“

FOUNDER – MANAGING DIRECTOR

Dr. Michael Schumann

Michael is the founder and managing director of DUBAG. Michael holds a PhD from Ludwig Maximilian University of Munich and has more than 25 years of experience in private equity. In 2009 he founded DUBAG. Prior to that, Michael held several jobs in the buy-out industry, lastly as Managing Director of stock-listed PE investor Arques Industries.

„Our team contributes extensive experience and openness to identify successful solutions.“

PARTNER M&A

Emanuel Cattanei

Emanuel is a Partner at DUBAG. Before founding DUBAG together with Michael and Christoph in 2009, he worked for the M&A department of Fresenius Medical care as well as stock-listed PE investor Arques Industries focusing on turnarounds and distressed M&A. Emanuel holds a Master in Electrical Engineering from Imperial College London.

„We give managers entrepreneurial responsibility. As an active sparring partner, we support them with a steady hand.“

PARTNER M&A

Christoph Mödder

Christoph is a Partner at DUBAG. Before founding DUBAG together with Michael and Emanuel in 2009, he held a job in the M&A department of stock-listed PE investor Arques Industries. Christoph started his career at Sparkasse Köln/Bonn and graduated from University of Cologne focusing on Corporate Finance.

„The deciding factor is being decisive. We assist in the right decisions being made.“

PARTNER OPERATIONS

Florian Hitzer

Florian is a Partner at DUBAG and heading the operations department of DUBAG. He graduated from Karlsruhe Institute of Technology. Prior to joining DUBAG, Florian worked as a management consultant at the Boston Consulting Group focusing on the areas industrial goods and energy.

„We act as entrepreneurs and support our portfolio managers in creating their value agenda and achieve sustainable results – for their customers, their employees and communities, and of course our investors at last.“

PARTNER M&A

Christoph Mödder

Christoph is a Partner at DUBAG. Before founding DUBAG together with Michael and Emanuel in 2009, he held a job in the M&A department of stock-listed PE investor Arques Industries. Christoph started his career at Sparkasse Köln/Bonn and graduated from University of Cologne focusing on Corporate Finance.

„The deciding factor is being decisive. We assist in the right decisions being made.“

PARTNER OPERATIONS

Florian Hitzer

Florian is a Partner at DUBAG and heading the operations department of DUBAG. He graduated from Karlsruhe Institute of Technology. Prior to joining DUBAG, Florian worked as a management consultant at the Boston Consulting Group focusing on the areas industrial goods and energy.

„We act as entrepreneurs and support our portfolio managers in creating their value agenda and achieve sustainable results – for their customers, their employees and communities, and of course our investors at last.“

ASSOCIATE

Raphael Marold

Being a divergent thinker with a hands-on mentality, Raphael Marold pursued a distinctive double degree Master program, graduating with a Master of Science in Management & Technology from the Technical University of Munich and with the Grand Ecole Master in Management (specializing in International Finance, Majeure Finance) from the HEC Paris.

During his studies he gained 3 ½ years of profound experience as an Intern and Working Student at the Valuation & Strategy department at PwC as well as an Investment Banking Intern at Raymond James. Most recently, he worked as Freelance Consultant for diverse Private Equity firms.

„We invest in long-term relationships. Acting with commitment, professionalism and transparency allows us to establish a trusted cooperation with our partners and therefore sets the framework for continuous and long-lasting mutual success. “

INVESTMENT PROFESSIONAL

Marco Thoni

Marco is an Investment Professional at DUBAG. He graduated from Ludwig Maximilian University of Munich with a Bachelor of Science in Management and holds a Master of Science in Finance from Università Commerciale Luigi Bocconi. Before joining the DUBAG investment team in 2018, Marco gained experience as an Intern at the Boston Consulting Group, PwC as well as at a Private Equity Fund.

„We help entrepreneurs to realize their visions and thus enable sustainable growth“

ASSOCIATE

Raphael Marold

Being a divergent thinker with a hands-on mentality, Raphael Marold pursued a distinctive double degree Master program, graduating with a Master of Science in Management & Technology from the Technical University of Munich and with the Grand Ecole Master in Management (specializing in International Finance, Majeure Finance) from the HEC Paris.

During his studies he gained 3 ½ years of profound experience as an Intern and Working Student at the Valuation & Strategy department at PwC as well as an Investment Banking Intern at Raymond James. Most recently, he worked as Freelance Consultant for diverse Private Equity firms.

„We invest in long-term relationships. Acting with commitment, professionalism and transparency allows us to establish a trusted cooperation with our partners and therefore sets the framework for continuous and long-lasting mutual success. “

INVESTMENT PROFESSIONAL

Marco Thoni

Marco is an Investment Professional at DUBAG. He graduated from Ludwig Maximilian University of Munich with a Bachelor of Science in Management and holds a Master of Science in Finance from Università Commerciale Luigi Bocconi. Before joining the DUBAG investment team in 2018, Marco gained experience as an Intern at the Boston Consulting Group, PwC as well as at a Private Equity Fund.

„We help entrepreneurs to realize their visions and thus enable sustainable growth“

INVESTMENT PROFESSIONAL

Maximilian Fidel

With a background as M&A professional as well as transaction expert focusing on large- and mid-cap private equity clients, Max Fidel is a skilled investment professional with a focus on company transactions.

He graduated from the University of Regensburg with a Bachelor of Science and holds a Master of Science from the Frankfurt School of Finance & Management. Max started his career in PwC’s audit department and qualified as a German chartered accountant (Wirtschaftsprüfer) in 2016. He has since held jobs as transaction expert at PwC and M&A professional at Carlsquare, before joining the DUBAG investment team in 2021.

„We offer the highest level of commitment and flexibility to enable a tailor-made solution for a company’s situation.“

INVESTMENT ANALYST

Fabian Hilke

Fabian serves as an Investment Analyst at DUBAG Group. He graduated from International School of Management with a Bachelor of Arts in Management and holds a Master of Science in Finance from Nova School of Business and Economics. Fabian started at DUBAG as an Intern before joining as full-time Analyst. Prior to DUBAG, he gained foundational expertise in Private Equity during his internships at Family Trust Investor and AUCTUS Capital Partners.

„Acquiring a company in special situations is a unique challenge every time. We find tailor-made solutions for each individual transaction, navigating through the intricacies with precision and foresight.“

INVESTMENT PROFESSIONAL

Maximilian Fidel

With a background as M&A professional as well as transaction expert focusing on large- and mid-cap private equity clients, Max Fidel is a skilled investment professional with a focus on company transactions.

He graduated from the University of Regensburg with a Bachelor of Science and holds a Master of Science from the Frankfurt School of Finance & Management. Max started his career in PwC’s audit department and qualified as a German chartered accountant (Wirtschaftsprüfer) in 2016. He has since held jobs as transaction expert at PwC and M&A professional at Carlsquare, before joining the DUBAG investment team in 2021.

„We offer the highest level of commitment and flexibility to enable a tailor-made solution for a company’s situation.“

INVESTMENT ANALYST

Fabian Hilke

Fabian serves as an Investment Analyst at DUBAG Group. He graduated from International School of Management with a Bachelor of Arts in Management and holds a Master of Science in Finance from Nova School of Business and Economics. Fabian started at DUBAG as an Intern before joining as full-time Analyst. Prior to DUBAG, he gained foundational expertise in Private Equity during his internships at Family Trust Investor and AUCTUS Capital Partners.

„Acquiring a company in special situations is a unique challenge every time. We find tailor-made solutions for each individual transaction, navigating through the intricacies with precision and foresight.“

OPERATIONS MANAGER

Moritz Rösger

Moritz is an Operations Manager at DUBAG. He started his career with a combined course of study at Hamburg Commercial Bank and Duale Hochschule Schleswig-Holstein from which he graduated with both a Bachelor of Arts in Business Administration and a qualification as a banking professional.

In 2019, Moritz joined Deloitte’s Operational Transaction Services department where he supported a variety of clients on different M&A-related projects such as Carve Outs, Operational Due Diligences or Post Merger Integrations. Since 2022, Moritz is part of the DUBAG operations team.

„For us, recreating value means more than just overcoming a special situation. It also means providing strategic direction, support, and a fresh perspective to jointly develop a long-term and sustainable vision for the company.“

ESG MANAGER

Matteo Musiani

Mateo acts manages ESG and ESRS compliance and standards at DUBAG. Mateo has been studying environmental topics since 1995 and has worked with companies in the APAC and EMEA areas on ESG and operational best practices throughout his career.

“We add value by proactively anticipating the requirements for environmental protection, ensuring social rights for our teams, and managing the entire fund transparently and efficiently.“

OPERATIONS MANAGER

Moritz Rösger

Moritz is an Operations Manager at DUBAG. He started his career with a combined course of study at Hamburg Commercial Bank and Duale Hochschule Schleswig-Holstein from which he graduated with both a Bachelor of Arts in Business Administration and a qualification as a banking professional.

In 2019, Moritz joined Deloitte’s Operational Transaction Services department where he supported a variety of clients on different M&A-related projects such as Carve Outs, Operational Due Diligences or Post Merger Integrations. Since 2022, Moritz is part of the DUBAG operations team.

„For us, recreating value means more than just overcoming a special situation. It also means providing strategic direction, support, and a fresh perspective to jointly develop a long-term and sustainable vision for the company.“

ESG MANAGER

Matteo Musiani

Mateo acts manages ESG and ESRS compliance and standards at DUBAG. Mateo has been studying environmental topics since 1995 and has worked with companies in the APAC and EMEA areas on ESG and operational best practices throughout his career.

“We add value by proactively anticipating the requirements for environmental protection, ensuring social rights for our teams, and managing the entire fund transparently and efficiently.“

OPERATIONS MANAGER

Marvin Brian

Marvin is part of the Operations team at DUBAG. He graduated from SRH University in Heidelberg with both a bachelor’s and a master’s degree specializing in special situations and turnaround management for medium-sized companies (“Mittelstand”).

Marvin brings his experience as a consultant in operational restructuring, turnaround management, as well as Commercial and Financial Due Diligence which he gained at KPMG, focusing on the areas of health care and consumer products.

„We focus on the core topics of strategic and operational development and ensure consistent implementation of measures tailored to the individual circumstances of each company – committed to creating sustainable value.“

OFFICE MANAGER

Jennifer Micheller

Jennifer is an office manager and executive assistant at DUBAG.

With her bachelor’s degree in Event Management and her professional experience at Käfer Party Service, she is ideally suited to handle the multitude of tasks that require thorough, yet quick decision making and decisive action taking.

“The goal is effective and goal-oriented office management as well as the ongoing development of personal competencies, based on the requirements of the company. Particularly important is: What happens in the office stays in the office.”

OPERATIONS MANAGER

Marvin Brian

Marvin is part of the Operations team at DUBAG. He graduated from SRH University in Heidelberg with both a bachelor’s and a master’s degree specializing in special situations and turnaround management for medium-sized companies (“Mittelstand”).

Marvin brings his experience as a consultant in operational restructuring, turnaround management, as well as Commercial and Financial Due Diligence which he gained at KPMG, focusing on the areas of health care and consumer products.

„We focus on the core topics of strategic and operational development and ensure consistent implementation of measures tailored to the individual circumstances of each company – committed to creating sustainable value.“

OFFICE MANAGER

Jennifer Micheller

Jennifer is an office manager and executive assistant at DUBAG.

With her bachelor’s degree in Event Management and her professional experience at Käfer Party Service, she is ideally suited to handle the multitude of tasks that require thorough, yet quick decision making and decisive action taking.

“The goal is effective and goal-oriented office management as well as the ongoing development of personal competencies, based on the requirements of the company. Particularly important is: What happens in the office stays in the office.”

OPERATIONS MANAGER

Alexander Preuss

Alexander is as an Operations Manager at DUBAG, specializes in on-site value creation for our portfolio companies.
He began his career at the management consultancy Oliver Wyman, focusing on technical crisis management and product cost down.
Prior to joining DUBAG, he was part of the Aurelius Operational Task Force, where he also held several interim roles, such as Plant Manager or Head of Operations.
Alexander holds a Master of Science in mechanical engineering from the Technical University of Munich.

“In the midst of a transformation, the pivotal objective is to establish a high-performance organization that not only thinks with an entrepreneurial mindset but also maximizes the efficiency of operational processes.
This is the sole means by which we can shape the future and effectively navigate change.”

OPERATIONS MANAGER

Tim Lagerpusch

Tim is as Operations Manager at DUBAG with extensive experience in entrepreneurial spaces as well as corporate environments.

He collected experience in advisory and project management roles in several industries and company sizes, e.g. airline, insurance, damage restoration services, plastics production.

Tim holds a degree in Business Engineering (Dipl.-Wirtschaftsingenieurwesen) of Karlsruhe Institute of Technology (KIT) and Newcastle University, NSW Australia and previously did a vocational training as bank clerk at Deutsche Bank (Bankkaufmann).

„The best way to predict the future is to create it.“

OPERATIONS MANAGER

Alexander Preuss

Alexander is as an Operations Manager at DUBAG, specializes in on-site value creation for our portfolio companies.
He began his career at the management consultancy Oliver Wyman, focusing on technical crisis management and product cost down.
Prior to joining DUBAG, he was part of the Aurelius Operational Task Force, where he also held several interim roles, such as Plant Manager or Head of Operations.
Alexander holds a Master of Science in mechanical engineering from the Technical University of Munich.

“In the midst of a transformation, the pivotal objective is to establish a high-performance organization that not only thinks with an entrepreneurial mindset but also maximizes the efficiency of operational processes.
This is the sole means by which we can shape the future and effectively navigate change.”

OPERATIONS MANAGER

Tim Lagerpusch

Tim is as Operations Manager at DUBAG with extensive experience in entrepreneurial spaces as well as corporate environments.

He collected experience in advisory and project management roles in several industries and company sizes, e.g. airline, insurance, damage restoration services, plastics production.

Tim holds a degree in Business Engineering (Dipl.-Wirtschaftsingenieurwesen) of Karlsruhe Institute of Technology (KIT) and Newcastle University, NSW Australia and previously did a vocational training as bank clerk at Deutsche Bank (Bankkaufmann).

„The best way to predict the future is to create it.“

OPERATIONS EXECUTIVE

Mark Haberkorn

Mark is the CEO of ATOZ Facility Solutions. He has more than 15 years of relevant experience within different industries. He graduated from University of Stuttgart in Aeronautical and Space Engineering and holds a degree in Business Administration and Economics from University of Hagen.

„If everyone in the team is making decisions and taking actions together, then you have the right culture for long-term success. “

OPERATIONS EXECUTIVE

Michael Hangelmann

Michael is Operations Executive at DUBAG, serving as CEO, CFO or CRO.

Michael graduated from the University of Vienna as Master of Business Administration and started as a management consultant at PwC. Subsequently, after spending five years in investment banking, he moved to the industrial sector in 2010, which marked the start of Michael’s career in corporate Restructuring. For more than 10 years, Michael held various managing director positions for German, Austrian, Italian, UK and Hungarian group entities, as well as Group CFO, CRO and CEO mandates in industrial groups, both PE owned as well as privately held, with a yearly turnover between EUR 100 and 500m across Europe and worldwide. Currently, Michael is CEO of epsotech, a pan-European manufacturer of extruded plastic sheets, and together with a dedicated team, is paving the group’s path to long-term profitability, innovation, sustainability and digitization.

„Successful turnarounds are primarily based on reducing complexity, swift decision making, and minimizing people dependencies. Subsequently, to succeed in the long-term oriented transformation process, it takes passionate, value-driven and diverse teams, agreeing on “where to play, and how to win.“

OPERATIONS EXECUTIVE

Mark Haberkorn

Mark is the CEO of ATOZ Facility Solutions. He has more than 15 years of relevant experience within different industries. He graduated from University of Stuttgart in Aeronautical and Space Engineering and holds a degree in Business Administration and Economics from University of Hagen.

„If everyone in the team is making decisions and taking actions together, then you have the right culture for long-term success. “

OPERATIONS EXECUTIVE

Michael Hangelmann

Michael is Operations Executive at DUBAG, serving as CEO, CFO or CRO.

Michael graduated from the University of Vienna as Master of Business Administration and started as a management consultant at PwC. Subsequently, after spending five years in investment banking, he moved to the industrial sector in 2010, which marked the start of Michael’s career in corporate Restructuring. For more than 10 years, Michael held various managing director positions for German, Austrian, Italian, UK and Hungarian group entities, as well as Group CFO, CRO and CEO mandates in industrial groups, both PE owned as well as privately held, with a yearly turnover between EUR 100 and 500m across Europe and worldwide. Currently, Michael is CEO of epsotech, a pan-European manufacturer of extruded plastic sheets, and together with a dedicated team, is paving the group’s path to long-term profitability, innovation, sustainability and digitization.

„Successful turnarounds are primarily based on reducing complexity, swift decision making, and minimizing people dependencies. Subsequently, to succeed in the long-term oriented transformation process, it takes passionate, value-driven and diverse teams, agreeing on “where to play, and how to win.“

OPERATIONS EXECUTIVE

Massimo Francalanci

Lawyer by studies, serial entrepreneur by nature and professional CEO by vocation, Massimo is an expert in carve-outs, operative and financial restructurings, and internationalization of mid-size companies. As CEO of companies like Irplast SpA, Nardi SpA, Fucine Film Solutions or Panapesca USA, and nowadays at SPICA, he has the field experience necessary to lead companies to success.

Through his hands-on experience with Indian, Chinese, Russian, American, and European companies, Massimo became a multicultural catalyzer for international expansion opportunities, in sectors like machinery, petrochemicals, fashion, food, technology, packaging, and last but not least financials services. In his role as CEO of SPICA, Massimo is using his multi-disciplinary know-how to give SPICA an innovative approach.

„Think big, act big and set out to accomplish big results.“

HEAD OF FINANCE

Petar Angelov

Petar Angelov has been working as Head of Finance at DUBAG Group since February 2024. With his solid academic background in business administration from Munich University of Applied Sciences and advanced qualifications as a CFA Charterholder and CAIA Charterholder, Petar brings profound expertise to the financial sector. Throughout his professional career, he has acquired valuable knowledge at DTCP as a Senior Portfolio Manager focusing on portfolio management and digitalization projects, at RWB PrivateCapital Emissionshaus AG where he initiated the co-investment program in addition to his portfolio management duties, and at vonBraun&Schreiber where he built his extensive knowledge in private equity. Petar’s early career also included significant internships and trainee positions at renowned institutions such as UBS Real Estate, Commerz Finanz, Siemens Financial Services, Bayerische Landesbank, and E.On Sales & Trading, where he established a solid foundation in risk management, financial analysis, and controlling.

OPERATIONS EXECUTIVE

Massimo Francalanci

Lawyer by studies, serial entrepreneur by nature and professional CEO by vocation, Massimo is an expert in carve-outs, operative and financial restructurings, and internationalization of mid-size companies. As CEO of companies like Irplast SpA, Nardi SpA, Fucine Film Solutions or Panapesca USA, and nowadays at SPICA, he has the field experience necessary to lead companies to success.

Through his hands-on experience with Indian, Chinese, Russian, American, and European companies, Massimo became a multicultural catalyzer for international expansion opportunities, in sectors like machinery, petrochemicals, fashion, food, technology, packaging, and last but not least financials services. In his role as CEO of SPICA, Massimo is using his multi-disciplinary know-how to give SPICA an innovative approach.

„Think big, act big and set out to accomplish big results.“

HEAD OF FINANCE

Petar Angelov

Petar Angelov has been working as Head of Finance at DUBAG Group since February 2024. With his solid academic background in business administration from Munich University of Applied Sciences and advanced qualifications as a CFA Charterholder and CAIA Charterholder, Petar brings profound expertise to the financial sector. Throughout his professional career, he has acquired valuable knowledge at DTCP as a Senior Portfolio Manager focusing on portfolio management and digitalization projects, at RWB PrivateCapital Emissionshaus AG where he initiated the co-investment program in addition to his portfolio management duties, and at vonBraun&Schreiber where he built his extensive knowledge in private equity. Petar’s early career also included significant internships and trainee positions at renowned institutions such as UBS Real Estate, Commerz Finanz, Siemens Financial Services, Bayerische Landesbank, and E.On Sales & Trading, where he established a solid foundation in risk management, financial analysis, and controlling.

Interested in joining the team?

We look forward to meeting you.

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