Private Equity Firm Healthcare

Winterberg Advisory

Grünwald, Bavaria, Germany

Advisor/manager affiliated with the Winterberg Group (family office) that structures and manages succession-oriented small- and mid-cap buy-and-build platforms, including Healthcare Holding Schweiz AG and TIC Holding Schweiz.

Focus Areas
Healthcare buy-and-build platform management (Healthcare Holding Schweiz), Medical technology platform investments, Construction testing / inspection / compliance roll-ups (TIC Holding Schweiz)

Tracked deals

14

14 tracked deals across 2023-2026.

Recent pace

5

5 tracked deals announced in the last 12 months.

Deal mix

Addon

11 addon · 2 buyout · 1 growth capital

Winterberg Advisory Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Winterberg Advisory. 1 2023 3 2024 8 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 14 tracked deals for Winterberg Advisory.

  • Buyer
    TIC Holding Schweiz AG, Winterberg Investment X, Winterberg Advisory GmbH
    Target
    HSE Conseils SA
    Seller
    Marc Dutoit (founder and former owner)
    Location
    Neuchâtel, Switzerland
    Type
    Addon

    TIC Holding Schweiz AG, a Winterberg-backed buy-and-build platform, has acquired HSE Conseils SA, a La Tène (Neuchâtel)–headquartered specialist in construction pollutant diagnostics, environmental services and occupational health and safety with seven Swiss sites. Founder and former owner Marc Dutoit is reinvesting at the holding level and will remain CEO; the deal expands TIC Holding Schweiz's construction safety/environment platform and French-speaking Switzerland footprint as part of its broader roll-up strategy.

  • Buyer
    Healthcare Holding Schweiz AG, KKA Partners, Winterberg Advisory GmbH
    Target
    Medddbase International AG
    Location
    St. Gallen, Switzerland
    Type
    Buyout

    Healthcare Holding Schweiz AG has acquired a majority interest in Medddbase International AG (including Medddbase Schweiz AG and Medddbase Deutschland GmbH). The acquisition brings Medddbase's medtech commercialization, logistics, warehousing and Swiss/EU importer and regulatory services into Healthcare Holding's buy-build platform, strengthening its distribution and market-access capabilities across Switzerland, the EU and the UK.

  • Buyer
    Healthcare Holding Schweiz AG, KKA Partners, Winterberg Group AG
    Target
    Sevika Medical AG
    Industry
    Medical Devices
    Location
    Zug, Switzerland
    Type
    Addon

    Healthcare Holding Schweiz AG, backed and managed by Winterberg Advisory and KKA Partners, has acquired a majority stake in Sevika Medical AG, a Baar-based distributor of orthopedic medical technologies. The deal establishes a new orthopedics-focused platform within Healthcare Holding to accelerate product introductions and growth in the Swiss market.

  • Buyer
    Healthcare Holding Schweiz AG, KKA Partners, Winterberg Advisory GmbH
    Target
    KSM Kunden Service Management GmbH
    Industry
    Medical Devices
    Location
    Fribourg, Switzerland
    Type
    Addon

    Healthcare Holding Schweiz AG has acquired a stake in KSM Kunden Service Management GmbH, a Swiss specialist in single‑use medical supplies headquartered in Mont‑Vully. KSM's management will remain in place and will take a stake in Healthcare Holding; the acquisition is intended to expand Healthcare Holding's portfolio of disposable medical products and enable cross‑platform deployment of KSM's products and capabilities.

  • Buyer
    Healthcare Holding Schweiz AG, Winterberg Advisory GmbH, KKA Partners
    Target
    QUNIQUE GmbH
    Seller
    Angelina Hakim
    Location
    Aargau, Switzerland

    Healthcare Holding Schweiz AG has acquired a stake in QUNIQUE GmbH, a Wohlen-based ISO 13485-certified regulatory and quality management consultancy for the medical technology sector. The transaction brings QUNIQUE into Healthcare Holding’s buy-and-build platform (managed by Winterberg Advisory GmbH and KKA Partners) while QUNIQUE’s founder will remain involved through reparticipation.

  • Buyer
    TIC Holding Schweiz AG, Winterberg Advisory GmbH, Winterberg Group AG
    Target
    TransGeo AG
    Seller
    Christian Wyss
    Location
    Canton of Bern, Switzerland
    Type
    Addon

    TIC Holding Schweiz AG, a buy‑build‑and‑technologize platform financed by Winterberg, has acquired TransGeo AG, an ISO/IEC 17025‑accredited construction materials testing and geological advisory laboratory based in Gümligen near Bern, Switzerland, effective retroactively to January 1, 2025. The deal is an add‑on to TIC Holding Schweiz's testing services platform and provides a succession solution for TransGeo's majority shareholder and CEO Christian Wyss while retaining local management through a staged handover.

  • Buyer
    Healthcare Holding Schweiz AG, KKA Partners, Winterberg Advisory GmbH
    Target
    Ino Medical Solutions GmbH
    Industry
    Medical Devices
    Location
    St. Gallen, Switzerland
    Type
    Addon

    Healthcare Holding Schweiz AG has acquired Ino Medical Solutions GmbH, a Rapperswil-Jona–based specialist distributor of sterile containers, surgical instruments and spinal implants serving Swiss hospitals and sterilization centers. The deal is part of Healthcare Holding’s buy‑and‑build strategy and was completed as a succession transaction; Ino’s managing director Dieter Roth will remain actively involved.

  • Buyer
    Healthcare Holding Schweiz AG, KKA Partners, Winterberg Advisory GmbH
    Target
    Aestheticbedarf AG
    Industry
    Medical Devices
    Location
    Zurich, Switzerland
    Type
    Addon

    Healthcare Holding Schweiz AG has acquired Aestheticbedarf AG, a Swiss distributor of medical aesthetic devices and consumables headquartered in Affoltern am Albis. The deal strengthens Healthcare Holding's newly established Medical Beauty platform and is supported/managed by Winterberg Advisory and KKA Partners as part of the group's Buy, Build & Technologize growth strategy.

  • Buyer
    Healthcare Holding Schweiz AG, KKA Partners, Winterberg Advisory GmbH, Winterberg Group AG
    Target
    CDP Swiss AG, CDP Austria GmbH
    Industry
    Medical Devices
    Location
    Zürich, Switzerland
    Type
    Addon

    Healthcare Holding Schweiz AG, a buy-build medical-technology platform, has acquired CDP Swiss AG (headquartered in Affoltern) and its subsidiary CDP Austria GmbH (Lustenau). The deal expands Healthcare Holding's medical aesthetics product offering and creates a fast-growing platform to serve medical and cosmetic practitioners across Switzerland and the EU, supported by investors KKA Partners and Winterberg.

  • Buyer
    TIC Holding Schweiz AG, Winterberg Advisory GmbH, Winterberg Group AG
    Target
    Metron Measurement SA
    Seller
    Brütsch Rüegger Tools
    Location
    Ticino, Switzerland
    Type
    Buyout

    TIC Holding Schweiz, backed by Winterberg, has acquired Metron Measurement SA, an SCS-accredited calibration and testing laboratory based in Quartino, Switzerland. The transaction represents the formation of a Swiss TIC platform (TIC Holding Schweiz) as Winterberg pursues a buy-and-build strategy in testing, inspection and certification services; Metron's CEO Alessandro Capone stays on with a meaningful stake, and Brütsch Rüegger Tools sold its holding.

  • Buyer
    TIC Holding Schweiz AG, Winterberg Advisory GmbH, Winterberg Group AG
    Target
    LCBE Laboratoire de Contrôle bétons, enrobés et sols SA
    Seller
    Daniel De Nicola
    Location
    Fribourg, Switzerland
    Type
    Addon

    TIC Holding Schweiz AG, a Winterberg‑financed buy‑build platform, has acquired LCBE Laboratoire de Contrôle bétons, enrobés et sols SA, an accredited construction materials testing laboratory headquartered in Bossonnens, Fribourg, Switzerland, with the acquisition effective retroactively from January 1, 2025. The seller Daniel De Nicola will remain as Managing Director; the deal expands TIC Holding Schweiz's geographic footprint and service offering in construction materials testing across Switzerland.

  • Buyer
    Healthcare Holding Schweiz AG, Winterberg Advisory GmbH, Winterberg Group AG
    Target
    Naropa Reha AG
    Seller
    Herbert Dietsche
    Location
    St. Gallen, Switzerland
    Type
    Addon

    Healthcare Holding Schweiz AG, managed by Winterberg Advisory GmbH, has acquired Naropa Reha AG, a Staad-based supplier of rehabilitation and care products and provider of active wheelchair fitting and maintenance. The deal is an add-on to Healthcare Holding's medtech services and distribution platform and strengthens its presence in the Swiss rehabilitation and care market; the previous owner was Herbert Dietsche.

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