Active Ownership Capital
Frankfurt, LU · 1 known investors
Active Ownership Capital (AOC) is an active investing firm based in Luxembourg that focuses on sourcing investment opportunities, structuring investments, and process-driven value creation, applying a private equity approach to public companies. It serves the alternative investment fund market.
Also known as Active Ownership · Active Ownership Capital S.à r.l. · AOC
Founders & leadership
Investors · 1
Company profile
researched Aug 2026Active Ownership Capital S.à r.l. (AOC), which presents itself publicly as Active Ownership, is an independent, partner-managed investment firm operating primarily in Continental Europe and Scandinavia, with a stated focus on German-speaking countries and the Nordics. The firm acquires significant minority stakes in publicly listed, undervalued small- and mid-size companies. Its process begins with deep fundamental research on companies where it believes an opportunity for sustainable value creation exists; once invested, the firm works with boards and management to implement operational, strategic and structural improvements intended to unlock that value.
The company is registered in Luxembourg under number B 200.367 with a registered office at 19, rue de Flaxweiler, L-6776 Grevenmacher, holds a business licence from the Luxembourg Ministry of the Economy, and carries the VAT number LU 28362773. A separate listing records a primary address at 304, Route de Thionville, L-5884 Hesperange. The firm operates alongside an affiliated entity, Active Ownership Advisors. Reported headcount is in the 11-50 range.
Founding story
Public listings attribute the firm's founding to Florian Schuhbauer and Klaus Röhrig, with founding dates reported inconsistently as 2014 and 2015. Schuhbauer's professional profile records his role as Managing Partner of Active Ownership Capital and Active Ownership Advisors beginning in 2014, following prior positions as a Partner at Triton Partners (2010-2014) and Partner/Portfolio Manager at General Capital Group / Active Value Investors (2006-2010). The firm states that its principals have managed investment strategies in a similar manner since 2006.
Business model
AOC operates as an investment firm that deploys capital into significant minority positions in publicly listed small- and mid-cap companies, pursuing returns through active ownership rather than passive holding. Value is sought via engagement with portfolio company boards and management on operational, strategic and structural improvements.
Traction
Reported headcount of 11-50 employees. Disclosed activist positions include STADA Arzneimittel AG (ETR: SAZ).
Latest developments
The firm's website terms of use were last updated in November 2025, and the site describes ongoing operations from offices in Frankfurt, Vienna and Stockholm.
▸Full profile — market position, go-to-market, geography
Market position
The firm is catalogued among activist investors focused on Europe, listed alongside peers such as Cevian Capital and WSD Capital Management. Its notable activist investments include a position in the German pharmaceutical company STADA Arzneimittel AG.
AOC combines an activist, private-equity-style ownership approach with positions in public equities, emphasising deep fundamental research, constructive board-level engagement and long-term value creation rather than short-term trading. Its principals cite a continuous track record of managing comparable strategies since 2006.
Go-to-market
The firm sources opportunities through in-house fundamental research on listed small- and mid-cap companies, builds significant minority stakes, and then engages constructively with boards and management to co-develop and implement improvement plans.
Publicly listed, undervalued small- and mid-size companies in German-speaking Europe and Scandinavia serve as investment targets; the firm's capital-side counterparties are institutional and professional investors in alternative investment funds.
Geography
Registered and domiciled in Luxembourg (Grevenmacher; an address in Hesperange is also listed), with offices in Frankfurt, Vienna and Stockholm. Investment activity focuses on Continental Europe, particularly German-speaking countries, and Scandinavia.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
▸Research sources · 6
primary sources listed
- Active Ownership Capitalactiveownership.lu · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Active Ownership Capital do?
- Partner-managed investment firm taking minority stakes in undervalued listed small- and mid-caps in Continental Europe and Scandinavia.
- Who are Active Ownership Capital's investors?
- Active Ownership Capital's investors include BLN Capital.
- Where is Active Ownership Capital headquartered?
- Active Ownership Capital is headquartered in Frankfurt, LU.