INVESTMENTS IN ENERGY TRANSITION, ENERGY SECURITY & HYDROGEN ECONOMY
Private Equity for the European Lower Mid-Market
Private Equity for the European Lower Mid-Market
€50m
additionally from EIF
Alongside renowned institutional investors from the areas of insurance, pension schemes, and leading single family offices, SENCO has received an additional €50 million commitment from the European Investment Fund.
We would like to thank the European Investment Fund as well as all our investors for their trust and confidence.
As a sector-focused private equity firm, SENCO CAPITAL invests in growth-oriented mid-sized companies in Europe whose products and services support the energy transition and ensure energy security.
SENCO means “purpose” in Esperanto. We share the conviction that investments in the energy transition and hydrogen are key drivers of industrial transformation and a secure energy supply.
SENCO is an independent, Federal Financial Supervisory Authority (BaFin) registered investment firm (AIFM).
We are an entrepreneurially driven private equity firm with a clearly defined investment focus and a sustainable value creation approach. Through true partnership, we achieve our shared objectives together.
For SENCO, the energy transition encompasses a broad range of industrial business models – from equipment suppliers and component manufacturers to system providers and specialised service companies. What these companies have in common is that their products and technologies enable the build-up, operation or transformation of energy and industrial systems, for example in energy generation, transport, storage or use. Hydrogen links these fields of application as an industrially viable energy carrier and is gaining particular relevance where electrification alone is not sufficient.
The SENCO team combines relevant skills and experience to fully benefit from the diverse opportunities of the energy transition and hydrogen market. Long-standing team relationships, excellent market and technology expertise, a close-knit and well-maintained network, and direct access to industry form our core strengths. We are committed to utilize these strengths for the benefit of our investors and portfolio companies.
SENCO’s Partners, Industry Partners, Senior Experts, and operational team cover specific fields of competence:
CEO & Managing Partner
Managing Partner
Partner
Partner
Partner
Partner
Partner
Industry Partner
Industry Partner
Industry Partner
Industry Partner
Industry Partner
Senior Expert
Senior Expert
Senior Expert
Senior Expert
Our professional approach and extensive industry knowledge lead to attractive returns and excellent investor service
We invest in clean technologies, thus promoting continuous innovation in the field of environmental protection
Our investment strategy is committed to climate protection and aims for Net Zero emissions
We make a positive contribution to society by creating jobs, increasing European added value and social welfare
Our company culture stands for balanced management of interests between nature, society, industry and investors
SENCO’s investments are sustainable capital investments and an optimal catalyst to drive decarbonization. SENCO is a signatory of the Principles for Responsible Investment (UN PRI) and sets the following ESG targets:
Sustainability-related disclosures: Read more.















Please contact us for further information.
+49 221 292 647 30 (Phone)
+49 221 292 647 39 (Fax)
info@senco-capital.com
We are represented in the following cities:
› Munich
› Frankfurt
› Cologne
› Hanover
Carsten looks back on more than 20 years C-level experience in the investment and asset management industry. Before setting up SENCO he acted as CEO and CIO of NORD/LB Asset Management AG and of Warburg Invest AG. During this time he was also Member of the Executive Board of the German Fund Association (BVI). Prior to that he was a partner of WP Global Partners, a US private equity firm. Before joining WP Global Carsten established Equity Partners, a successful German based small-mid cap private equity firm as CEO and CIO. He started his career in various roles in banking. Carsten has deep industry knowledge and sits on various boards.
He earned a Master’s degree in Business Administration from the University of Muenster.
Oliver has been working in the private equity industry for more than 20 years. Before setting up SENCO, Oliver, together with two partners, built Silver Investment Partners, a private equity firm focusing on small/mid cap companies in the DACH region. Previously he was responsible for the direct investment division of Equity Partners, a leading German private equity company focusing on small-mid cap as well as complex buyout transactions. Prior to this, Oliver managed leveraged buyout transactions in the mid and large cap segments for AlpInvest (a core division of The Carlyle Group).
Oliver holds an MBA from the University of Birmingham and a business degree from Pforzheim University. He also received a Bachelor’s degree from the University of Central England.
Marcel is an awarded clean tech entrepreneur and company founder. Before setting up SENCO, sustainability and clean energy solutions have long been the focus of his professional interest. He shares his insights as a guest speaker at various industry events. He started his career in the financial industry working for a small cap asset management firm in Hanover and a Berlin based real estate holding company.
During his international studies of business administration Marcel attended the Otto-Friedrich-University in Bamberg and the Maharaja Sayajirao University of Baroda in Gujarat, India.
Markus hold a professorship for Electrochemical Energy Storage and Conversion at the University of Ulm. He is a member of the ZSW Managing Board and Head of the Electrochemical division. His 300 people strong division is working on Batteries, PEM fuel cells and Hydrogen. In his nearly 25-year-long career at BASF, Markus has held various management positions in chemical catalysts, fuel cells and battery materials in Germany, Japan and the United States.
He received his PhD in electrochemistry from the University of Ulm, Germany.
Patrick is an accredited lawyer and tax advisor (Steuerberater). He has been with Clifford Chance, a major international law firm, for more than 25 years, 13 years thereof as Managing Partner of the Munich office and 5 years as managing director of the PVW Treuhand Steuerberatungs- und Wirtschaftsprüfungs GmbH affiliated to the law firm. He specialized in corporate law, M&A, private equity, tax law and funds as well as structured finance, real estate and infrastructure. He holds multiple “Germany Best Lawyer of the year” awards in Corporate law, M&A law, Private Equity Law, Real Estate Law, Tax Law, Asset Finance Law and Leasing Law.
He studied at the Universities Tübingen and Munich law. He passed his PHD at the University of Cologne.
Matthias has more than 25 years of experience in international banking. He was one of the founding board members and CEO for many years of EAA – Germany’s first “bad bank” with up to €150 billion AUM from project finance, structured finance, equity investments and securities. Part of this portfolio was an international energy portfolio with a volume of several billion euros, ranging from conventional power plants to renewable energy financing. As early as 1996, he was involved in the foundation of Germany’s first wind test service provider for onshore wind turbines as an investment manager and member of the supervisory board. Matthias is a member of the Supervisory Board and Chairman of the Risk Committee of NORD/LB as well as a member of the Supervisory Board of Mount Street Portfolio Advisers, an international servicer for alternative assets, among others.
He holds a degree in economics from the University of Erlangen/Nuremberg.
Mathias is a seasoned finance expert and CFO who has spent the past 30 years supporting numerous companies in their complex financial structures and accompanying their growth as project manager and executive. As a CFO in the private equity, real estate and hospitality fields, he has worked together with Carsten, Oliver and Patrick for many years, most successfully at Equity Partners, a leading German private equity company focusing on small, mid-cap, and complex buyout transactions.
Stephan is President of a leading LNG and gas infrastructure company. He was CEO of Vier Gas Transport, the sole owner of Open Grid Europe. Before that he was President of ENTSO-G, the leading association of Europe’s transmission system operators. At E.ON Ruhrgas he has held various positions e.g. as Member of the Executive Board and Head of Legal.
Thomas was CEO of STORAG Etzel, Europe’s largest independent oil and gas storage operator. During his career in the energy industry, he was CEO of NET4Gas, the Czech gas transmission company, and Head of Gas Procurement at RWE, a leading German multinational energy company. He negotiated and advised on long term gas procurement, transportation and storage contracts. He also consulted on gas infrastructure development with particular respect on political, regulatory and strategic issues.
He holds a Diploma in Business Administration from the University of Cologne.
Albrecht is an experienced mobility expert and current managing partner of the “Gesellschaft für Unternehmensplanung und Technologie”. Previously, he held various management positions at international companies in the aerospace, rail and automotive industries. He began his career at the Boston Consulting Group before working for Daimler’s aerospace division. He was a long-standing member of the management board at Knorr-Bremse, deputy CEO at the Russian Gaz Group and CEO of Schaltbau AG.
Albrecht earned his doctorate under Prof. Warnecke at the Fraunhofer IPA in Stuttgart. He is also involved in various committees (IHK, ZVEI, etc.) and is chairman of the Society for Production Management (GfPM) with a focus on the automotive industry.
Karl is an experienced top manager in the energy sector and a member of the Supervisory Board of OMV, Austria’s leading oil, gas and energy company. In addition, he holds a professorship for Strategy and Applied Business Administration at the University of Graz, Austria. Prior, he was Strategy Advisor for Abu Dhabi National Oil Company (ADNOC), Chief Strategist at Royal Dutch Shell and Senior Director Policy and Scenarios at the World Energy Council.
Karl studied petroleum science from the mining University Leoben, Austria.
Erik has been a professional board member, founder, and entrepreneur in the energy sector for more than 20 years. As an investment banker and a seasoned private equity professional, he invested in numerous large energy projects in Australia, Eastern Europe and Asia in the early 2000s. During the last decade, he built renewable energy companies in Scandinavia and the Balkans. His interest in the hydrogen market is longstanding and with his extensive global network he looks forward to developing decarbonisation projects in this field.
He studied business in Cologne, Buckingham, Lyon as well as at WHU, where he is a member of the Dean’s Advisory Board.
Jürgen is a leading energy and industry expert. He is an industrial entrepreneur (Georgsmarienhütte steel group), Chairman of the Board of Trustees of the RAG Foundation and former Chairman of the Board of RWE, a leading internationally active German utility company. In his professional career, Jürgen has served as a member of supervisory boards, advisory boards and boards of trustees at Volkswagen AG, Deutsche Post AG, Deutsche Bahn AG, SURTECO SE, Messer Group, Tognum, Ardex GmbH, ASL Aircraft Service Lemwerder and JPMorgan Chase International Council, among others.
After receiving his master’s degree in Industrial Administration from Purdue University West-Lafayette, Indiana, he earned his doctorate from the Technical University of Berlin in 1980.
Julia leads Sustainable Supply Chain Management at the Operations Department of EBS Business School. Her research interests include ESG, CSR, sustainable development, and environmental operations. Her research papers have been published in several journals such as the Journal of World Business or Journal of Cleaner Production.
Markus is a proven expert in the field of risk and insurance management and a member of various advisory boards for almost three decades, including more than 20 years as an executive and supervisory board member of national and international insurance companies.
He was a board member at AXA, Allianz, ERGO and Provinzial with mandates in Germany, France, Singapore and Thailand. Previously, he was responsible for risk and insurance management at Hoechst AG (Frankfurt) and Voest Alpine Technologie AG (Linz and Vienna). In addition to insurance management and sales, he has extensive experience in restructuring, mergers, turnarounds and new business development.
He studied chemistry and economics at the University of Ulm and holds a degree in chemistry. He received his PhD in 1995 from the Swiss Federal Institute of Technology (ETH) Zurich.
Florian is General Manager of Philips Medical Solutions in Hamburg, Germany, CFO of Philips’ D-A-CH region and Board Member of Philips Pensions-Service. He has extensive experience in operational excellence and transformation. Prior to Philips, he has held leading positions in mid-cap companies and multinationals like Siemens as CFO, in corporate M&A and – together with Carsten, Oliver and Mathias at Equity Partners – in private equity. Furthermore, he held mandates in the supervisory board of two medium-sized companies.
He is an economist from the University of Augsburg and physicist with a degree in renewable energies from the Technical University of Munich, where he conducted research on hydrogen systems in collaboration with BMW. He holds a PhD from Technical University of Compiègne, France.
Sylvia is a member of the German National Hydrogen Council and she serves as Director of the Fraunhofer Institute for Wind Energy Systems IWES. She is the first Deputy Chairperson at HYPOS and responsible for federal activities & research, including fuel cell and electrolysis. She was Deputy Head of the Fraunhofer IMWS and prior to that, she was Deputy Head in the Executive Board of the Fraunhofer HQ. As a postdoc she worked on the development of fuel cell systems at Heliocentris.
Michael is Professor of “Energy Storage and Energy Systems” at the Ostbayerische Technische Hochschule Regensburg. He is an advisor for the German Federal Government and a scientific expert for leading hydrogen projects HYPOS, H2Global and the EU Public Private Partnership FCH JU. He received several awards for developing “Power-to-X”, published the standard reading “Energiespeicher” and has given more than 500 lectures.
SENCO Hydrogen Capital GmbH (“SENCO“) makes every effort to ensure that the content of this website is kept up to date, accurate and complete. Nevertheless, underlying data may have changed in the meantime, so that provided contents are not necessarily always up-to-date, correct and complete. SENCO cannot take over any guarantee for provided contents. Therefore, SENCO does not take over any liability for direct or indirect damages from the use of the contents made available. The same applies in case of partial or complete impossibility or other impairment of access or use. SENCOexpressly reserves the right to change, supplement or delete the website or individual contents in whole or in part without separate announcement or to discontinue the provision temporarily or permanently.
The contents of this website are for informational purposes only and do not constitute marketing of interests in investment funds within the meaning of the German Investment Code (Kapitalanlagegesetzbuch, KAGB) or any recommendation regarding investment strategies or specific investments (formerly “financial analyses”) within the meaning of the German Securities Trading Act (Wertpapierhandelsgesetz, WpHG). The information is intended for the exclusive use of professional investors and are not intended for use by private investors; services are not provided to consumers within the meaning of Section 13 of the German Civil Code (BGB). Investment decisions should only be made on the basis of the current fund documents, which also contain the contractual or investment terms and conditions that are solely authoritative.
The website is aimed exclusively at recipients to whom the content may lawfully be provided. If and to the extent that persons are subject to restrictions on use on the basis of their nationality, place of residence or for other reasons, they may not access or use the website and its content. Please inform yourself in advance about existing usage restrictions and comply with them.
The content provided is for general informational purposes only and does not constitute advice by SENCO. The information provided are intended to facilitate your independent decision, but cannot replace individual advice. Before you make use of the contents, you should thoroughly check whether the information is suitable for your purposes and compatible with your individual goals.
The content and design of the websites are subject to copyright and other protective rights. Provided contents are only intended for your own use and for non-commercial purposes. All use of any contents, including the use of trademarks and logos, require the prior express consent of SENCO.
If any provision of this disclaimer is found to be invalid, illegal or unenforceable for any reason, the validity of the remaining provisions shall not be affected.
This disclaimer is subject to the laws of the Federal Republic of Germany. Only the German version of this disclaimer is legally binding.