The partner at your side
Our management team combines expertise from Big 4, investment banking and strategy consulting, enabling us to take a holistic view on our engagements.
Management
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Prof. Dr. Christian Aders
Senior Managing Director
"Valuation excellence is the key to creating trust, enabling decisions, and driving long-term value."
- Chris is Chairman of the Executive Board and Senior Managing Director of PVT Financial Advisors SE in the Munich office and co-founder of ValueTrust
- After finishing his PhD in business administration, he was a partner at KPMG’s corporate finance department before he joined Duff & Phelps and ValueTrust to build up their German practices
- Chris is one of the most renowned valuation experts in Germany with more than 30 years of experience in financial advisory
- His wealth of expertise encompasses advising clients on corporate transactions, mergers, acquisitions and delistings, restructuring and reorganization, dispute and arbitration as well as strategic value and portfolio management
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Benedikt Brambs
Managing Director
"A sound understanding of valuation is critical to differentiated strategic decision-making."
- Benedikt leads ValueTrust's Swiss operations and is responsible for the Financial Advisory business as well as the Venture Capital and Digital Valuation practice
- With more than 15 years of experience at the interface of corporate finance and strategy, he has extensive knowledge of valuations, financial modeling, as well as development and implementation of corporate and functional strategies
- He advises clients on initiatives that drive shareholder value - capital allocation, assessing strategic alternatives, forecasting and scenario planning
- He holds a degree in Business Administration from the Ludwig-Maximilians-University in Munich and is an Accredited Senior Appraiser (ASA) in Business Valuation
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Mehmet Özbay
Managing Director
"Most essential in critical situations is to keep a clear mind before making a decision."
- Mehmet is responsible for ValueTrust’s Fairness Opinion and Restructuring Valuation practices
- Over the last 15 years, he has gained deep expertise in complex transaction and valuation situations embracing various facets of financial advisory. His broad skill set in addition to valuation advisory includes financial modelling, PMO and carve-out advisory as well as rating advisory.
- His clients value his flexibility and adaptability to new situations and pragmatic approach to problem-solvingHe holds a degree in Business Administration from the University of Cologne and is a Certified Valuation Analyst (CVA)
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Dennis Muxfeld
Managing Director
"Successful taking privates rely on combined Valuation and M&A expertise through different steps of the process."
- Dennis is an expert for business valuations and responsible for ValueTrust’s services in taking private situations. As part of the DVFA working group, he has significantly contributed to the DVFA Guidelines for Fairness Opinions.
- He has almost 15 years of experience in business valuation and taking private processes, in particular with focus on structural measures by Stock Corporation Act
- He advises national and international companies, international hedge funds and private equity and venture capital investors.
- He holds a masters degree in Corporate and Financial Law (LL.M.), Certified International Investment Analyst (CIIA) as well as Certified Valuation Analyst (CVA)
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Benno Jacke
Director
"Combining rigorous analysis with expertise in business valuation and accounting, I deliver concise and reliable expert opinions and provide effective testimony, ensuring favorable results for my clients."
- Benno is a Cerified Public Accountant (Wirtschaftsprüfer) and is responsible for ValueTrust's Commercial Dispute valuation practice. He is the managing director (Geschäftsführer) of ValueTrust Financial Advisors GmbH WPG.
- His focus is his work as party appointed-expert in arbitration and litigation. Benno has a deep understanding of corporate measures (e.g. DPLTA, Squeeze-out) according to German Stock Corporation Law/Transformation Law from multiple valuation projects including appraisal proceedings.
- He has almost 15 years of experience in advising of national and international (listed) companies, private equity and venture capitals investors. Clients value his versatility and commitment to achieving outstanding results.
- Benno is a member of the German Chamber of Public Accountants, the German Arbitration Institute as well as the European Association of European Association of Certified Valuators and Analysts. He holds a Bachelor's degree from Frankfurt School of Finance & Management as well as a Master's degree from the University of Mannheim.
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Nicolas von Manteuffel
Director
"In the realm of M&A, thorough valuation and financial advisory is not just a matter of numbers; it is the key to value creation and strategic differentiation."
- Nicolas is a Director at ValueTrust, based in the firm's Munich office. His work primarily focuses on valuation and financial advisory services in the context of M&A transactions
- With more than 10 years of experience in corporate finance and valuation, he supports clients across a broad range of strategic and transaction-related challenges
- Alongside his generalist role, Nicolas co-leads ValueTrust’s Fairness Opinion practice and has contributed to numerous high-profile valuation projects related to (public) M&A transactions throughout the DACH region
- He holds a Master’s degree in Business Administration and is a Certified Valuation Analyst (CVA)
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Christian Haage
Director
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- Christian is a Director at ValueTrust’s Munich office, specializing in valuation-related topics, restructuring situations, and financial modeling
- With almost 10 years of experience in corporate finance, he has a broad knowledge base and a deep technical skillset with a focus on valuations and transaction situations
- He holds a degree in Finance and Economics from the University of Cambridge and is a Chartered Financial Analyst (CFA)
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Fredrik Müller
Director
"Valuation is about understanding what truly drives value. Clear insight creates the confidence to make sound, strategic decisions."
- As a Director at ValueTrust, Frederik works on complex valuation and financial advisory projects, helping clients navigate transactions and strategic questions
- With nearly 10 years of experience in corporate finance, he combines solid technical skills with a pragmatic, hands-on approach
- Known for his structured thinking and reliability, Fredrik works closely with decision-makers — often in pivotal moments — to support transactions, business planning, and capital allocation
- He holds a degree in Business Administration from the Ludwig-Maximilians-University in Munich and is both a Chartered Financial Analyst® (CFA) and a Certified Valuation Analyst (CVA)
Supervisory Board & Senior Advisors
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Michael H. Kramarsch
Chairman of the Supervisory Board
- Founder and Managing Partner, hkp/// group, Frankfurt
- Founder and CEO, Merlin Invest, Nuremberg
- He focuses on investing in high-growth European tech companies with a strong sustainability agenda
- Pioneer in HR Tech Investment among the most successful founders and investors in the German HR tech ecosystem
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Torsten Krumm
Dep. Chairman of the Supervisory Board
- Founder and Managing Director of Ambra GmbH, Munich
- He focuses on investing in high-growth European tech companies with a strong sustainability agenda
- He focuses on investing in high-growth European tech companies with a strong sustainability agenda
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Sina Afra
Member of the Supervisory Board
- Co-founder and CEO of Tiko.es, Evtiko.com and Markafoni
- Lecturer at Harvard Business School
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Prof. Dr. Dr. h.c. Wolfgang Ballwieser
Senior Advisor
- Munich School of Management, University of Munich (LMU)
- Member of the Business Valuation Board of the IVSC
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Dr. Martin Frischknecht
Senior Advisor
- Former Head of Corporate Finance at Credit Suisse Schweiz
- Former Managing Director of Credit Suisse Investment Banking
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Olaf Hoffmann
Senior Advisor
- Chairman of Dorsch Global and former CEO of Dorsch group
- President of the Arab-German Chamber of Commerce and Industry e.V. (Ghorfa)
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Dr. Gerhard Killat
Senior Advisor
- Former Director and member of the Management Board at Lazard
- Former Director at Merrill Lynch and Deutsche Bank
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Andreas Posavac
Senior Advisor
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Chair of Financial Management, HHL Leipzig Graduate School of Management
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Member of the DVFA Expert Group "Fairness Opinions" and "Corporate Transactions and Valuation
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Prof. Dr. Bernhard Schwetzler
Senior Advisor
- Chair of Financial Management, HHL Leipzig Graduate School of Management
- Member of DVFA expert groups on Fairness Opinions and valuations
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Dr. Günter von Au
Senior Advisor
- Multiple board seats at large corporates in Germany and Switzerland
- Expert in the chemicals industry
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Prof. Dr. Gerhard Wegen
Senior Advisor
- Former Senior Partner at Gleiss Lutz with a focus on cross border M&A and arbitration
- University of Tübingen Law School
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Oliver Zucker
Senior Advisor
- Former Managing Director and Partner at KPMG in Germany and USA
- Corporate Finance expert with M&A and valuation background
„ValueTrust stands for solution-oriented, independent and partnership-based financial advisory in demanding corporate situations.“
Prof. Dr. Christian Aders, Senior Managing Director
