4 SENIOR PARTNERS

Operational Excellence combined with Investment Experience.

  • Combined more than 70 years of investment experience
  • 85 Companies backed
  • Several hundred of transactions
  • Total return in excess of 1bn Euro
  • Successful projects in Germany, Switzerland & the US

DR. STEFAN ELSSER

Marondo Dr Stefan Elßer Partner

  • Founding Partner Marondo
  • Founding Partner BBP
  • Head of 3i portfolio team
  • Office head 3i Germany
  • Office head Technology Holding
  • PE / VC fund structuring KfW
  • PhD economics
  • Operational Experience

Stefan is a PhD economist and studied in Tübingen (Germany) and Eugene (Oregon, USA). He has been involved in small company financing since 1993. Stefan started his carrier at KfW Group structuring public financing programs for venture & private equity in the early days of this industry in Germany.

In 1998 he moved to TH (Technology Holding), one of the most successful VC-investors in Germany. When 3i Group acquired TH in 2000, he was head of the TH-office in Stuttgart.

Later he was named member of the management board of 3i Group in Germany and, in addition, became managing director of a number of fund vehicles for 3i in Germany.

Since 2002 Stefan, together with Hansjörg Ruof, led the 3i German Portfolio Team (DACH-Region). Both took responsibility for more than 130 companies and the portfolio management team. He contributed to significant proceeds and profits to 3i’s German investment business in a difficult environment post the 2000 dot-com crisis.

In 2008 Stefan left 3i to form with Hansjörg Ruof his own business, the partnership BBP – Beratung, Beteiligung, Portfolio Management. In this capacity Stefan was advising investors in their portfolio management with focus on value creation. In some cases he also acted as CEO appointed by the shareholders. In those mandates he gathered in depth experience in direct management of small- and medium-sized enterprises backed by financial investors or family offices.

In his leisure time, Stefan enjoys reading good literature, playing the piano and sports with his family.

Stefan has been involved with the following companies:

DR. CHRISTOPHER HÖFENER

Marondo Dr Christopher Hoefener Partner

  • Founding Partner Marondo
  • Shareholder CF Advisor
  • Shareholder Industry Holding
  • Founding Partner Perusa
  • CEO Bally Wulff & Pallhuber
  • Investment Director Orlando
  • Project Leader McKinsey
  • PhD Mechanical Engineering
  • MSc Physics and Mathematics

Christopher is a natural scientist by background and studied math and physics at the University of Bielefeld.

He joined McKinsey in 1995 working out of the Munich, Düsseldorf and the Chicago Offices on several projects in the automotive, machinery and semiconductor industries. He was the project leader for a global research project on the benefits of information technology “Do IT Smart” for production companies which included more than 80 companies across the world, published as a book in German and English. During his time at McKinsey, Christopher received a PhD in mechanical engineering from Darmstadt University.

In 2003 he joined Orlando Management, a special situations fund manager in Munich working as an investment director and advisor to portfolio companies.

In addition to his involvement in due diligence on potential and realized transactions, Christopher had overall responsibility as a CEO for two of the portfolio companies (Bally Wulff and Pallhuber) which were in a difficult situation. In both cases, Christopher achieved a successful turnaround.

In 2008 he became a founding Partner of Perusa, a spin-off from Orlando. At Perusa Christopher built a team of investment professionals and took the lead on several transactions in different industries, amongst them the special paper factory Kämmerer. At the beginning of 2015 he left Perusa and together with a partner he bought Kämmerer from the Perusa fund.

Today Christopher is co-owner of Kämmerer and a main shareholder of a corporate finance advisor.

Christopher enjoys playing the trumpet with one of his sons and is a keen downhill skier.

Christopher has been involved with the following companies:

MARKO MASCHEK

Marondo Marko Maschek Partner

  • Founding partner Marondo
  • Founding partner Pinova
  • Partner 3i USA
  • Bosch, Cambridge Consultants,
  • Germany Army Forces
  • Inventor with several patents
  • Electrical Engineer, Computer Scientist, MBA
  • Grown up in a family business

Marko Maschek combines engineering education with entrepreneurial acumen. He grew up in the greater Stuttgart area and was already a committed employee in the family-owned company during his school days.

After completing his military service, Marko Maschek studied electrical engineering at the Karlsruhe Institute of Technology (KIT). This was followed by postgraduate studies in information technology as a scholarship holder at the INSA engineering school in Lyon with a focus on signal-, speech- and image processing.

At Cambridge Consultants Marko Maschek worked in consulting and at Robert Bosch in the development of algorithms and software. He also earned an MBA from Cambridge University. At Bosch he patented several developments in the field of automotive restraint systems.

In 1997 Marko Maschek started as a project manager at 3i Germany in Frankfurt and later Stuttgart. There he made and accompanied investments in small technology companies such as web.de AG, Actelion AG, Openshop AG and Heiler Software AG, which successfully went public.

From 2000, Marko Maschek was part of the team in Boston that built the US investment business for 3i. He became a partner in the USA in 2003 and was responsible for the semiconductor investments sector on the East Coast. In this capacity, he also became a member of the Investment Committee for Venture Capital Transactions worldwide.

In 2007, Marko Maschek left 3i to become a founding partner of Pinova Capital in Munich. Pinova was one of the few new management companies to set up its first fund in the difficult economic environment of the financial market crisis. In addition, Marko Maschek was able to realise the first sales for the fund in 2015 and 2016.

Marko Maschek reads technical and scientific literature, is interested in history and politics and, together with his wife and three children, enjoys mountaineering and skiing.

Marko has been involved with the following companies:

HANSJÖRG RUOF

Marondo Hansjoerg Ruof Partner

  • Founding Partner Marondo
  • Founding Partner BBP
  • Head of 3i Portfolio Team
  • Investment Director 3i
  • Investment Director TH
  • Investment Director BayBG
  • Consultant Roland Berger
  • MSc Enginering& Economics

Hansjörg holds a degree in engineering and obtained a second degree in economics from the University in Munich. Coming from an entrepreneurial family background, he has always been involved with small- and medium-sized businesses.

Starting as a consultant in a Roland Berger subsidiary specializing in mid-sized companies, he became a private equity manager, first with BayBG and later with Technology Holding (TH), one of the most eminent technology investors in Germany.

When 3i Group acquired TH in 2000, Hansjörg became part of 3i Germany where he invested in a number of technology companies, organized several IPOs and carried out numerous strategic sales.

Hansjörg Ruof and Stefan Elßer were responsible for running 3i’s German portfolio team from 2005 until 2008 with more than 130 companies. Both set up a sophisticated portfolio management system and contributed significant proceeds to 3i´s German investment business in what is today the largest sales process in German private equity.

Hansjörg has managed many deals covering the complete life-cycle of investments in the private equity industry. He has a wealth of experience in investments and portfolio management, including restructurings, additional funding and the preparation and execution of exits. Realized exits include IPOs (CAA and Nanogate), trade sales (Interbrand Pro, CoCreate and Rodcraft), as well as secondary buy-outs and multi-case secondary transactions.

In 2008 Hansjörg Ruof founded BBP, together with his partner Stefan Elßer, following the idea to offer hands-on support in portfolio management to equity investors and to management teams alike. On behalf of BBP, he has been acting in different management and supervisory board roles where he achieved successful turnarounds and growth success stories.

Hansjörg is highly active within the German private equity industry and has a broad network of contacts.

In his spare time Hansjörg is a keen equestrian and enjoys outdoor activites.

Hansjörg has been involved with the following companies:

Team

Timmerman - Associate

Pieter Timmerman – Associate

  • M.Sc. in Business Engineering from KU Leuven University in Belgium
  • Working experience at Materialise and
  • CapitalatWork, European asset management firm during his studies

Pieter joined Marondo in May 2019 and supports the deal team. He graduated with an M.Sc. in Business Engineering from KU Leuven University in Belgium.

During his studies, Pieter gained first working experience at Materialise, a leading 3D printing service provider and at CapitalatWork, a European asset management firm.

In his free time, he enjoys playing rugby, as well as hiking up and skiing down mountains.

Frau Kratz - Assistentin

Franziska Kratz – Assistant

  • Assistant at BBP
  • Bankhaus Bauer
  • Project work at 3i
  • Consultant in private banking at Stuttgarter Volksbank

After completing a bank apprenticeship and business studies at the University of Hohenheim Franziska started her career at Stuttgarter Volksbank in 1994 as consulant in private banking. Later she was member of the back office team at the Stuttgart branch of 3i Germany and changed in 2005 to Bankhaus Bauer.

Since 2012 Franziska was assistant for BBP. In 2019 she joined the Marondo team as assistance.

Franziska is married and has 3 children. In her leisure time she likes to play tennis, is an enthusiastic diver and enjoys reading.