Founders
Whose technology company fails to transition to market after successful product development.
Company
Tactical Management. Sector-agnostic special situations investor.
Tactical Management is a private investment firm acquiring companies, business units, assets and brands in turnaround, distressed, carve-out, spin-off, divestiture and succession contexts. We operate in Germany, Austria, Switzerland and selective international markets.
Investment Focus
Substance. Special situation. Development.
We acquire across industrials, services, brands, healthcare, infrastructure and technology where operational substance, a definable special situation and transactional feasibility coincide. Technology is a competence area, not an exclusion criterion.
Who Should Reach Out
Four addressees.
Investors
Who identify special situations in their portfolio whose technological substance should be preserved.
Insolvency administrators & restructuring advisors
Who seek a methodologically working acquirer for distressed technology cases.
Corporate departments
That want to transfer non-strategic technology units into an orderly handover.
Who Should Not Reach Out
We are not universal acquirers. We are specialists for one kind of situation and only this one.
Anyone seeking a classical growth investor, pure turnaround restructurer, asset stripper, or passive holding buyer is not in the right place here.
Founding Partnership
Three partners. Three disciplines.
Founding Partner
Dr. Raphael Nagel (LL. M.)
Founder and Founding Partner. LL.M. in Security and Defense. Investor in regulated technology and equity companies, with a focus on sovereign platforms and special situations.
Profile →Partner · Operations
Marcus Köhnlein
Partner for operating leadership and the industrial portfolio. Founding Partner Quarero Robotics. Co-Founder Quarero Marketing. Over 220,000 LinkedIn followers — one of the most widely-followed DACH voices on autonomous security and mid-market leadership.
Profile →Partner
Dr. Tillmann Lauk (LL. M.)
Partner for complex restructuring, M&A and financing mandates. Four decades of experience across Europe, Asia and the Middle East. Classical banker discipline combined with operating strength.
Profile →Standards