Summiteer, the investment firm from southern Germany, now has a duo of leaders at the helm. The firm supports start-ups and high-growth companies in developing their innovative and sustainable business models and was founded in 2021 by experienced serial entrepreneur Sven Schulz, formerly CEO of battery system manufacturer AKASOL. In the summer of 2022, Dominik Bär, formerly Head of DACH Investment Banking at Hamburg-based private bank Berenberg, joined Summiteer as Managing Director and now heads up the company alongside Schulz.
Summiteer has invested in eight companies to date, namely: the organic food enterprise followfood; the green-tech unicorn Enpal; reCup, the market leader for reusable alternatives in Germany; the e-mobility start-up JayKay; a mobile bicycle workshop platform, Yeply; the US-based online shop for rescued food, Martie; OCELL, the provider of a leading operating system for digital and sustainable forestry, and Heatle, the manufacturer of the world’s first inductive immersion heater.
An enduring cooperation built on trust
Sven Schulz, who also leads the family holding company Schulz Group GmbH, believes that Summiteer has gained much more than just a second managing director by recruiting Dominik Bär. “Dominik and I are already connected through a very trusting cooperation of many years. With this in mind, I am pleased that we will now be able to further that cooperation by working together directly at Summiteer,” explained the serial entrepreneur. “Dominik has impressive expertise thanks to advising over 50 IPOs and M&A transactions – making him a true asset for the growth companies under the Summiteer umbrella.” Before joining Berenberg, Dominik Bär worked at US investment bank Lazard from 2014 to 2020, most recently as Managing Director of its German branch. He also advised AKASOL AG through its successful stock market launch in 2018 and coordinated its sale to North American automotive supplier BorgWarner in early 2021 on behalf of the AKASOL management board.
“After over 15 years in various management positions in the investment banking sector, I am delighted that I am now able to provide growth companies with both my capital and my capital market expertise as an investor myself,” said Dominik Bär. “Besides Sven, I have also known a number of other Summiteer staff members for many years and I am proud to call myself part of this strong team.”
As a subsidiary of the Schulz Group, Summiteer is part of a diverse group of companies. An ambitious service and holding company, the Schulz Group now unites a total of nine innovative companies. Alongside his efforts to grow the Schulz Group, Sven Schulz also played a decisive role in the AKASOL success story, from the company’s foundation through to its IPO and subsequent acquisition by BorgWarner. The serial entrepreneur announced his exit from the battery system manufacturer in the summer of this year.
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